HighGravityData

Edwards Lifesciences — Jul 23, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001099800-26-000038
Open on SEC.gov ↗
Showing in the filing
TMTT product group sales
“$760 to $780 million”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 16
Total company sales growth (constant currency) for FY2026
“10% to 11%”
TAVR sales growth (constant currency) for FY2026
“8% to 9%”
TMTT product group sales for FY2026
“$760 to $780 million”
Adjusted EPS for FY2026
“$2.95 to $3.05”
Adjusted EPS growth at midpoint for FY2026
“17% at midpoint”
Total company sales growth target, longer term for the long term
“approximately 10% total company sales growth, on average”
Gross profit margin for FY2026
“at the lower end of its full-year 78% to 79%”
Gross profit margin for FY2026
“lower end of its full-year 78% to 79% gross margin guidance”
R&D expense as a percentage of sales for FY2026
“approximately 17%”
Operating profit margin for FY2026
“high end of the company’s original 28% to 29% guidance range”
Constant currency operating margin expansion for FY2026
“approximately 150 basis points”
Effective tax rate, excluding special items for FY2026
“at the high end of its previous range of 16% to 19%”
Total company sales for FY2026
“$6.6 billion to $6.9 billion”
TAVR sales for FY2026
“$4.75 billion to $5.0 billion”
Total sales for Q3 FY2026
“between $1.63 and $1.71 billion”
Adjusted EPS for Q3 FY2026
“$0.71 to $0.77”
Exhibit 99.1 · the passage around this item
… earlier in the release
Highlights • Q2 sales grew 13.6% to $1.74 billion 1 , constant currency 2 sales grew 12.5% • Q2 TAVR sales grew 11.3% to $1.26 billion 1 ; constant currency 2 sales grew 10.5% • Q2 TMTT sales were $195.9 million 1,3 , driven by portfolio of repair and replacement therapies • Q2 EPS of $0.42 1 ; adjusted 2 EPS of $0.78 1 • Recent clinical data at New York Valves reinforce best-in-class SAPIEN performance and durability; PASCAL, EVOQUE and SAPIEN M3 differentiated body of clinical evidence continues to expand 2026 Outlook • Increasing total company constant currency 2 sales growth guidance: 10% to 11% from 9% to 11% • Increasing TAVR constant currency 2 sales growth guidance: 8% to 9% from 7% to 9% • Increasing TMTT sales guidance: $760 to $780 million from $740 to $780 million • Reaffirming adjusted EPS guidance of $2.95 to $3.05, growing 17% at midpoint • Expected clinical presentations at TCT: PROGRESS and CLASP IITR • Expected Q4 approvals of PASCAL tricuspid indication in U.S. and next-generation PASCAL with Capture Clarity in U.S. and Europe “We delivered stronger-than-expected second quarter sales growth of 12.5%. As Edwards continues to invest in new structural heart therapies and expand adoption globally, our results increasingly reflect the strength of our comprehensive portfolio and agile execution, with growth supported by therapies across TAVR, mitral, tricuspid and surgical, as well as meaningful contributions from each of the regions,” said Bernard Zovighian, Edwards’ CEO. “Today, our company profile has evolved to include multiple strategic platforms across multiple regions that will support durable growth, which gives us confidence in our target of approximately 10% total company sales growth, on average, over the longer term. Our strategic focus coupled with our commitment to early innovation enables us to deliver meaningful impact for patients worldwide.” Transcatheter Aortic Valve Replacement (TAVR) In the se
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.