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InMode ( (INMD) ) has provided an update.
InMode reported first-quarter 2026 revenue of $82 million on May 6, 2026, a 5% year-over-year increase driven in part by U.S. demand, while profitability declined as GAAP operating margin fell to 12% and net income dropped to $11.6 million amid higher costs and a restructured North American sales organization. The company ended March with $537.2 million in cash and had repurchased 2.55 million shares under a new buyback plan, even as it navigates an unsettled geopolitical backdrop in the Middle East that has not yet materially affected operations.
Governance changes accompanied the results, with longtime director and chair Dr. Michael Anghel resigning from the board effective May 5, 2026, and director Dr. Hadar Ron stepping in as interim chair. Chief financial officer Yair Malca also resigned on May 5, 2026, but will remain as a consultant for at least six months to ensure an orderly transition, while the company continues to defend itself in an ongoing U.S. securities class action whose potential financial impact remains uncertain.
For 2026, management projected full-year revenue of $365 million to $375 million and non-GAAP operating income of $73 million to $78 million, signaling expectations of continued top-line growth despite margin pressure. The combination of strong cash reserves, active share repurchases and leadership transitions suggests InMode is repositioning for a recovery in deferred aesthetic demand while aiming to preserve financial flexibility for shareholders.
The most recent analyst rating on (INMD) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on InMode stock, see the INMD Stock Forecast page.
Spark’s Take on INMD Stock
According to Spark, TipRanks’ AI Analyst, INMD is a Outperform.
The score is driven primarily by strong underlying financial quality (high margins, strong cash conversion, and a very conservative balance sheet). Offsetting that strength are weakened growth and profitability trends and a conservative 2026 outlook that implies flat revenue and lower margins/EPS. Technicals are mildly constructive and valuation is relatively low, but both are secondary to the near-term fundamental trajectory.
To see Spark’s full report on INMD stock, click here.
More about InMode
InMode Ltd., based in Israel and listed on Nasdaq, is a global provider of innovative medical technologies focused on the aesthetics market. The company sells energy-based systems and related consumables and services, with a growing presence in North America, Europe and other international markets.
Average Trading Volume: 894,579
Technical Sentiment Signal: Sell
Current Market Cap: $906.7M
See more data about INMD stock on TipRanks’ Stock Analysis page.