Merit Medical Systems, Inc. Q1 2026 Earnings Release

Merit Medical Systems, Inc. reported strong first quarter 2026 results, with revenue reaching $381.9 million, a 7% increase year-over-year. Excluding the impact of foreign currency fluctuations, revenue grew by 5%. Organic revenue on a constant currency basis increased by 3%, or 4% excluding a divested product line. The company reported a GAAP operating margin of 11.6% and a non-GAAP operating margin of 19.7%. GAAP Earnings Per Share (EPS) was $0.68, a 39% increase, while non-GAAP EPS rose by 9% to $0.94. Free cash flow generation was $24.7 million, up 26%. Merit also announced the divestiture of its DualCap® product line and the acquisition of View Point Medical, Inc. The company updated its full-year 2026 guidance, expecting total revenue between $1.612 billion and $1.634 billion.