Teleflex Q3 revenue slightly beats estimates

Overview

• US medical device maker's Q3 revenue up 0.2% yr/yr, slightly beating analyst expectations

• Adjusted diluted EPS for Q3 rose to $2.63, beating consensus

• Company repurchased $350 mln in stock since July 1, 2026

Outlook

• Teleflex maintains 2026 pro forma adjusted constant currency revenue growth guidance at 3.5%-4.5%

• Company raises 2026 adjusted diluted EPS guidance to $7.50-$7.75 from continuing operations

• Teleflex lowers 2026 GAAP revenue growth guidance to 13.2%-14.2% due to foreign exchange changes

Result Drivers

• SEGMENT PERFORMANCE - Vascular and Surgical units delivered mid-single-digit growth, while Interventional returned to modest growth, per CEO Jason Weidman

• TARIFF REFUNDS - Q3 results benefited from $16.5 mln in IEEPA tariff refunds recognized in continuing operations

• MARGIN EXPANSION - Co cited margin expansion as contributing to robust EPS growth, even when excluding tariff refunds, per CEO Jason Weidman

Company press release: ID:nBwvY6jfa

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "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 Teleflex Incorporated is $155.00, about 3.4% above its November 4 closing price of $149.87

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads

• Nov 4 - Insulet Q3 revenue beats estimates on strong Omnipod sales

• Nov 3 - AtriCure Q3 revenue beats expectations on strong sales of pain management and appendage devices

• Nov 4 - LivaNova Q3 revenue beats estimates on cardiopulmonary segment strength

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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.)