InMode Q2 revenue beats estimates on steady U.S. demand

InMode

05/08/2026 12:21

Overview
Israel medical device maker's Q2 revenue was flat yr/yr but beat analyst expectations
Q2 net income, operating income, and pretax profit all missed analyst estimates
Company completed $87.8 mln share buyback during the quarter

Outlook
InMode expects 2026 revenue between $365 mln and $375 mln
Company sees 2026 non-GAAP gross margin between 74% and 76%
InMode expects 2026 non-GAAP EPS between $1.29 and $1.34

Result Drivers
STEADY U.S. DEMAND - Co said U.S. capital equipment business remained stable, reflecting steady customer demand
ASIA GROWTH - Revenue from Asia reached a quarterly record, reflecting continued strength across key markets in the region
HIGHER COSTS AND EXPENSES - Co said lower margins were due to higher cost of goods sold, product mix, sales team restructuring, increased marketing and sales investments, and higher general and administrative expenses

Company press release: ID:nPn5jqGl0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$95.59 mln
$93.03 mln (5 Analysts)
Q2 Net Income
Miss
$17.06 mln
$20.23 mln (4 Analysts)
Q2 Income from Operations
Miss
$12.26 mln
$18.11 mln (5 Analysts)
Q2 Pretax Profit
Miss
$19.69 mln
$23.10 mln (3 Analysts)
Q2 Operating Expenses
 
$59.26 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."
Wall Street's median 12-month price target for InMode Ltd. is $15.00, about 2.4% below its August 4 closing price of $15.37
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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Aug 3 - KKR to take medical-equipment maker Integer Holdings private in $5.7 billion deal
Aug 3 - Inspire Medical Q2 revenue falls less than expected

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)