Merit Medical Beats Q2, Raises FY2026 Guidance, Lifts Price Targets
Jul 31, 2026, 7:01 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Strong Q2 beat combined with raised FY2026 guidance and multiple analyst upgrades suggests upside potential; however, the move may be tempered if the guidance is viewed as already priced-in or if execution details are lacking.
AI summary
What happened, with direct paths to the underlying reporting
Merit Medical reported a stronger-than-expected second quarter, delivering adjusted EPS of $1.19 on $418.8 million in sales, above estimates. The company increased its FY2026 outlook for adjusted EPS to $4.25-$4.35 and raised the sales range to $1.631-$1.643 billion, signaling stronger demand and margin resilience. The results sparked pre-market strength and fresh price-target upgrades from BTIG and Needham.
MMSI Q2 adj EPS $1.19 vs $0.96 est; sales $418.843M vs $405.268M.
Raises FY2026 adj EPS guidance to $4.25-$4.35 and sales to $1.631-$1.643B.
Shares rise 4.4% pre-market to $87.
BTIG raises PT to $105; Needham raises PT to $101.
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