Medical devices maker AngioDynamics raises FY sales, adjusted EBITDA guidance

AngioDynamics

06/01/2026 11:11

Overview

Med tech firm's fiscal Q2 net sales beat analysts' expectations, driven by Med Tech growth

Adjusted net income for fiscal Q2 beat estimates

Company achieved FDA approvals for Mechanical Thrombectomy portfolio

Company raised FY 2026 guidance for net sales and adjusted EBITDA

Outlook

AngioDynamics raises FY 2026 net sales guidance to $312 - $314 mln

Company expects FY 2026 adjusted EBITDA between $8.0 mln and $10.0 mln

AngioDynamics maintains positive cash flow guidance for FY 2026

Result Drivers

MED TECH GROWTH - Med Tech segment saw a 13% increase in net sales, driven by platforms like Auryon and NanoKnife

REGULATORY MILESTONES - Achieved FDA approvals for APEX-Return study and PAVE clinical study, expanding Mechanical Thrombectomy portfolio

GROSS MARGIN IMPROVEMENT - Gross margin increased due to product mix shift towards Med Tech and manufacturing initiatives

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$79.43 mln
$76.30 mln (3 Analysts)
Q2 Adjusted EPS
$0.00
-$0.10 (3 Analysts)
Q2 Adjusted Net Income
Beat
-$100,000
-$4.19 mln (3 Analysts)
Q2 Net Income
-$6.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

Wall Street's median 12-month price target for AngioDynamics Inc is $17.00, about 28.5% above its January 5 closing price of $13.23

Press Release: ID:nBw3MhKHpa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)