Medical equipment maker Penumbra beats Q3 revenue estimates, raises revenue forecast

Penumbra

05/11/2025 21:40

Overview

Penumbra Q3 revenue grows 17.8% yr/yr, beating analyst expectations

Net income for Q3 was $45.9 mln, reflecting improved operational performance

Company's U.S. thrombectomy revenue grows 18.5%, driven by product sales

Outlook

Company raises 2025 revenue guidance to $1.375 bln to $1.380 bln

Company maintains U.S. Thrombectomy growth guidance at 20% to 21%

Penumbra keeps full-year gross and operating margin guidance unchanged

Result Drivers

U.S. THROMBECTOMY SALES - U.S. thrombectomy revenue grew 18.5% driven by product sales

EMBOLIZATION PRODUCT GROWTH - U.S. embolization and access products increased by 29.2%

GROSS MARGIN IMPROVEMENT - Gross margin improved due to favorable product mix and productivity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$354.69 mln
$340.80 mln (18 Analysts)
Q3 Net Income
$45.85 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 3 "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 Penumbra Inc is $320.00, about 26.5% above its November 4 closing price of $235.08

The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 56 three months ago

Press Release: ID:nPn739wV9a

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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.)