Integer Holdings Q2 sales fall 2.6%; KKR to buy company for $5.7 billion

Integer Holdings

03/08/2026 11:44

Overview
U.S. medical device maker's Q2 sales fell 2.6% but beat analyst expectations
Adjusted EPS for Q2 rose 3% and beat analyst expectations
Company to be acquired by KKR in $5.7 bln all-cash deal; outlook withdrawn

Outlook
Integer is withdrawing its previously issued financial outlook due to pending acquisition by KKR

Result Drivers
CARDIO & VASCULAR WEAKNESS - Co said Cardio & Vascular sales fell 2% due to the impact from two new Electrophysiology products
OTHER MARKETS DECLINE - Co attributed 43% drop in Other Markets sales to exit from Portable Medical market
RESTRUCTURING AND IMPAIRMENT COSTS - Co recorded fixed asset impairment charges and restructuring expenses, affecting operating income

Company press release: ID:nGNX7fVlXS

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$464 mln
$450.50 mln (9 Analysts)
Q2 Adjusted EPS
Beat
$1.60
$1.41 (8 Analysts)
Q2 EPS
 
$0.69
 
Q2 Adjusted Net Income
Beat
$55 mln
$48.17 mln (7 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 Integer Holdings Corp is $98.00, about 19.1% below its July 31 closing price of $121.21
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
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Aug 3 - AstraZeneca investors baulk at $400 billion Bristol Myers talks
July 31 - AbbVie trims 2026 profit view on Apogee deal, tops second-quarter estimates

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.)