The earnings call presented a strong performance in revenue growth, operating margins, and cash flow, coupled with strategic acquisitions and leadership changes. However, challenges such as the reimbursement delay for WRAPSODY CIE, softened sales in China, and ongoing tariff impacts were noted.

Company Guidance -

Q3 2025

During the Merit Medical Systems' second quarter 2025 earnings call, the company updated its financial guidance for the year, reflecting strong performance and strategic decisions. They reported a total revenue of $382.5 million, marking a 13% year-over-year increase on a GAAP basis and a 12.5% increase on a constant currency basis. The company achieved a notable year-over-year improvement in non-GAAP operating margin, reaching 21.2%, which is the highest in its history as a public company. Additionally, the non-GAAP EPS grew by 10%, surpassing expectations, and free cash flow increased by 20% to $70 million. Merit also updated its 2025 total revenue growth guidance to a range of 10% to 11% year-over-year and non-GAAP EPS guidance to a range of $3.52 to $3.72. They cited lower-than-expected tariff impacts and robust sales performance as key factors contributing to this updated outlook.

Strong Revenue Growth

Total revenue of $382.5 million, up 13% year-over-year on a GAAP basis and 12.5% on a constant currency basis. Cardiovascular segment sales increased by 10%, and Endoscopy segment sales increased by 81%.

Record Operating Margin

Non-GAAP operating margin increased nearly 109 basis points year-over-year to 21.2%, the highest in any quarter in the company's history as a public company.

Significant Free Cash Flow Increase

Generated $70 million of free cash flow, an increase of 20% year-over-year.

Biolife Acquisition

Acquired Biolife Delaware, L.L.C for $120 million, adding products like StatSeal and WoundSeal, with a potential growth opportunity in a $350 million global addressable market.

New CEO Appointment

Martha Aronson appointed as the new President and Chief Executive Officer effective October 3, 2025.

Merit Medical Systems (MMSI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MMSI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.83 / -	0.86	―	―	―
Jul 30, 2025	2025 (Q2)	0.85 / 1.01	0.92	9.78% (+0.09)
Apr 24, 2025	2025 (Q1)	0.75 / 0.86	0.77	11.69% (+0.09)
Feb 25, 2025	2024 (Q4)	0.83 / 0.93	0.81	14.81% (+0.12)
Oct 30, 2024	2024 (Q3)	0.80 / 0.86	0.75	14.67% (+0.11)
Aug 01, 2024	2024 (Q2)	0.87 / 0.92	0.81	13.58% (+0.11)
Apr 30, 2024	2024 (Q1)	0.71 / 0.77	0.64	20.31% (+0.13)
Feb 28, 2024	2023 (Q4)	0.77 / 0.81	0.79	2.53% (+0.02)
Oct 26, 2023	2023 (Q3)	0.65 / 0.75	0.64	17.19% (+0.11)
Jul 25, 2023	2023 (Q2)	0.75 / 0.81	0.73	10.96% (+0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MMSI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$82.96	$84.86	+2.29%
Apr 24, 2025	$94.67	$94.61	-0.06%
Feb 25, 2025	$102.03	$100.45	-1.55%
Oct 30, 2024	$94.90	$98.66	+3.96%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Merit Medical Systems (MMSI) report earnings?

Merit Medical Systems (MMSI) is schdueled to report earning on Oct 23, 2025, After Close (Confirmed).

What is Merit Medical Systems (MMSI) earnings time?

Merit Medical Systems (MMSI) earnings time is at Oct 23, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MMSI EPS forecast?

MMSI EPS forecast for the fiscal quarter 2025 (Q3) is 0.83.

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