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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
Total company sales growth target, longer term
“approximately 10% total company sales growth, on average”
Period
The long term
Measure
Company-defined measure
Source
Prose
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
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 second quarter, the company reported TAVR sales of $1.3 billion, which grew 11.3% compared to the prior year, or 10.5% on a constant currency basis. Globally, procedural growth benefited from sustained clinical momentum and the evidence supporting proactive disease management of severe aortic stenosis (AS). At the same time, treatment decisions continued to be shaped by the long-term differentiation of our SAPIEN platform. Edwards’ growth rates were similar in the U.S. and outside of the U.S. Growth benefitted from the exit of a competitor in Q2 2025 and compelling long-term SAPIEN durability data. Average selling prices were stable globally. At the recent New York Valves conference, a new PARTNER 3 trial sub-analysis of the SAPIEN platform at 7 years reinforced the best-in-class valve performance and long-term durability of Edwards TAVR. Further, a 5-year analysis presented from the EARLY TAVR trial adds to the growing evidence supporting a shift toward treating AS earlier i
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.