Skip to main content
EW logo

Edwards Lifesciences Corporation (EW) Stock: Price, Forecast & Analyst Target

Edwards Lifesciences Corporation (EW) — MoonshotScore 90/100 (Exceptional band), calculated Oct 5, 2026. Price $87.08 (+2.27%), as of the Oct 5, 2026 trading session; market cap $50.1B. Expected results Oct 29, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 11.78× (market value Oct 5, 2026; cash Jun 30, 2026) · expected results Oct 29, 2026

$87.08 +$1.93 (+2.27%) Market Cap $50.1B

Edwards Lifesciences Corporation · EW · NYSE · Healthcare · Medical - Devices

Research dated 2026-09-12: Edwards Lifesciences is a focused structural-heart device company whose revenue is led by transcatheter heart valves, with surgical valves and mitral and tricuspid therapies forming the rest of the reported segment mix. The case depends on whether newer catheter-based therapies can broaden growth while the dominant valve franchise and strong balance sheet continue funding heavy research and commercial investment.

Price as of Oct 5, 2026

Key Statistics

90 of 100

MoonshotScore v2 · Edwards Lifesciences (EW)

Exceptional
Business Quality Elite (91)
Financial Safety Fortress (87)
Valuation Full (44)
Growth Durability Compounding (88)
Momentum Rising (69)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Elite quality, a strong balance sheet and elite growth, with no real weak spot — fairly priced, so not a bargain entry. Business Quality: Elite; Financial Safety: Fortress; Valuation: Full; Growth Durability: Compounding; Momentum: Rising.

  • quarterly revenue $1.74B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 6 of 8
  • expected results Oct 29, 2026

Helping: business quality, balance-sheet strength, durable growth, positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for EW (30 recorded, newest six shown)
RecordedScoreBand
90Exceptional
90Exceptional
90Exceptional
91Exceptional
91Exceptional
90Exceptional

The score was 90 in the stored Oct 4, 2026 snapshot and remains 90 in the current publication computed Oct 5, 2026 (0); the largest pillar moves were Growth Durability -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$87.08
Change on the day+2.27%
52-week range$72.30 – $96.29
Market capitalisation$50.1B
Price / earnings (trailing)48.94
Shares traded on the day1.11M
Beta (volatility vs the S&P 500)0.85

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 5, 2026: low $74, high $94, latest $87. 4 reported quarters marked, 3 above and 1 below the recorded estimate. 1 other dated event marked. $94 $74 high $94 Oct 30, 2025 · Earnings results · reported above the recorded estimate · close $821Feb 10, 2026 · Earnings results · reported below the recorded estimate · close $762Apr 23, 2026 · Earnings results · reported above the recorded estimate · close $843Jul 23, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $834Jul 23, 2026 · Earnings results · reported above the recorded estimate · close $835 Sep 5, 2025 Oct 5, 2026 · $87 $81Sep 5, 2025$74Sep 19, 2025$77Oct 3, 2025$75Oct 17, 2025$82Oct 31, 2025$86Nov 14, 2025$87Nov 28, 2025$83Dec 12, 2025$87Dec 26, 2025$85Jan 9, 2026$84Jan 23, 2026$79Feb 6, 2026$80Feb 20, 2026$82Mar 6, 2026$83Mar 20, 2026$81Apr 2, 2026$81Apr 17, 2026$84May 1, 2026$81May 15, 2026$86May 29, 2026$85Jun 12, 2026$91Jun 26, 2026$92Jul 10, 2026$83Jul 24, 2026$90Aug 7, 2026$90Aug 21, 2026$90Sep 4, 2026$88Sep 18, 2026$85Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · below the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • Also, in the fourth quarter, we continue to expect CLASP IITR results to be presented at TCT and the launch of PASCAL in the U.S. for tricuspid patients.

    Bernard Zovighian · Statement from

  • We now expect gross profit margin to be at the lower end of our full year 78% to 79% gross margin guidance, driven by the impacts of foreign exchange through our hedging program.

    Theodora Mistras · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Council Score · weighted blend of 2 available disciplines

Council score for Edwards Lifesciences (EW): Bullish Lean

74/100 · A

Some lenses disagree with the MoonshotScore. Compare their readings below; each uses a different method.

5-Factor Breakdown

Growth Durability Strong
Momentum Moderate
Business Quality Strong
Financial Safety Strong
Valuation Neutral

Legends Council

6 lenses, 6 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Unfavorable read
Simons-style lens (simulated) Jim Simons Neutral read
Englander-style lens (simulated) Izzy Englander Favorable read
Klarman-style lens (simulated) Seth Klarman Neutral read
Moon AI lens (model) Favorable read

Read on: Oct 5, 2026

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Overvalued
Profit Margin Moderate
Revenue Growth Moderate
Debt/Equity Strong
ROE Neutral
Gross Margin Strong

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

One of these lenses reads this company less favourably than the MoonshotScore does: Griffin-style lens. Each lens is a separate scoring function over its own inputs, so a disagreement is a difference of method rather than a correction — the page's answer stays the MoonshotScore above.

On Sep 10, 2026, the Munger lens read the price at that time as overvalued against its own estimate of value.

Readings on this page are from Oct 6, 2026, except a card that shows its own read date.

Watch the EW film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Edwards Lifesciences (EW), and what does it report?

Short answer · as of

Edwards sells replacement and repair technologies used by hospitals to treat structural heart disease, including minimally invasive valve systems, surgical tissue valves, and PASCAL and Cardioband therapies for mitral and tricuspid disease.

Research dated 2026-09-12.

Edwards sells replacement and repair technologies used by hospitals to treat structural heart disease, including minimally invasive valve systems, surgical tissue valves, and PASCAL and Cardioband therapies for mitral and tricuspid disease. It reaches healthcare providers through its own sales force and independent distributors, so demand ultimately reflects procedure adoption rather than consumer purchasing.

Reported revenue is concentrated in transcatheter heart valves, with surgical heart valve therapy and transcatheter mitral and tricuspid therapies presented separately. Edwards is therefore better understood as a portfolio of valve-procedure franchises than as a general medical-device supplier.

Sources (as of 2026-09-12): Business description; Revenue by segment

2 · Latest results

What do the latest results show for Edwards Lifesciences (EW)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $1.74B.

Research dated 2026-09-12.

Revenue, gross profit and operating profit rose from the preceding period, but net income and diluted earnings fell. Higher research and selling, general and administrative spending absorbed most of the gross-profit increase, while the latest earnings release still exceeded estimates for revenue and earnings.

Management separately warned that foreign exchange flowing through hedges should keep gross margin near the low end of its prior range. It nevertheless expects operating margin near the high end of prior guidance, implying that expense discipline and mix must offset the gross-margin drag if that outlook is to hold.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts; Trailing twelve-month ratio set

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$1.74B Jun 30, 2026
Latest quarter · R&D
$278.90M Jun 30, 2026
Latest quarter · SG&A
$561.20M Jun 30, 2026
Latest quarter · FMP standardized operating result
$519.50M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$1.74B$278.90M$561.20M$519.50M
Mar 31, 2026$1.65B$263.30M$522.20M$514.70M
Dec 31, 2025$1.57B$267.70M$602.90M$370.30M
Sep 30, 2025$1.55B$280.70M$514.60M$425.10M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$1.74B Jul 23, 2026
Latest report · revenue estimate
$1.70B Jul 23, 2026
Latest report · revenue vs estimate
Above estimate Jul 23, 2026
Latest report · EPS vs estimate
Above estimate Jul 23, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Jul 23, 2026$1.74B$1.70B$0.7800$0.7430
Apr 23, 2026$1.65B$1.60B$0.7800$0.7290
Feb 10, 2026$1.57B$1.55B$0.5800$0.6180
Oct 30, 2025$1.55B$1.50B$0.6700$0.5960

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$1.74B$242M$0.42 (diluted)
Q1 FY2026$1.65B$381M$0.66 (diluted)
Q4 FY2025$1.57B$91M$0.16 (diluted)
Q3 FY2025$1.55B$291M$0.50 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Edwards Lifesciences (EW)?

Short answer

Cash and short-term investments were $4.25B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $651.90M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Cash and short-term investments exceed total debt by a wide margin, liquidity ratios are high, and the distress screen indicates ample financial capacity. Operating cash flow has been positive throughout most of the recent series despite pronounced swings, and the latest inflow comfortably covered capital spending.

The operating risk is concentration, not near-term financing: transcatheter heart valves provide most reported segment revenue. A slowdown in procedures or adoption within that franchise would land on the largest revenue pool, while foreign-exchange pressure is already present in management’s margin outlook.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Cash against market value; Trailing twelve-month ratio set; Distress and quality screens; Operating cash flow by quarter (USD millions); Revenue by segment; Management outlook — dated call excerpts

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$651.90M Jun 30, 2026
Previous quarter · operating cash flow
$43.80M Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$651.90M−$66.90M
Mar 31, 2026$43.80M−$64.90M
Dec 31, 2025$450.90M−$97.40M
Sep 30, 2025$573.70M−$57.50M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Edwards Lifesciences (EW)?

Short answer · as of

The next earnings report is expected on Oct 29, 2026.

Research dated 2026-09-12.

PASCAL is the clearest near-term operating marker. Management plans a domestic launch for tricuspid patients alongside a presentation of trial results; evidence of adoption would indicate whether the mitral and tricuspid franchise is beginning to carry more weight beside the much larger transcatheter valve business.

The scheduled earnings release warrants attention across revenue, gross margin, operating margin and cash conversion. Continued sales growth with operating margin holding up despite hedge-related pressure, plus operating cash flow comfortably above capital spending, would support the current pattern; deterioration across those measures would break it. Longer-range estimates also embed continued revenue and earnings expansion, raising the importance of adoption and margin execution.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Next earnings report; Analyst revenue and earnings estimates (average); Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Revenue by segment

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. Also, in the fourth quarter, we continue to expect CLASP IITR results to be presented at TCT and the launch of PASCAL in the U.S. for tricuspid patients.

    Bernard Zovighian ·

  2. We now expect gross profit margin to be at the lower end of our full year 78% to 79% gross margin guidance, driven by the impacts of foreign exchange through our hedging program.

    Theodora Mistras ·

  3. We continue to expect full year operating margin to be at the high end of the original 28% to 29% guidance, resulting in approximately 150 basis points of constant currency operating margin expansion for the full year. Going forward, we continue to plan for 50 to 100 basis points of underlying operating margin expansion while continuing to invest in the business.

    Theodora Mistras ·

  4. We now expect our 2026 effective tax rate, excluding special items, to be at the high end of our previous range of 16% to 19%.

    Theodora Mistras ·

5 · Peer comparison

How does Edwards Lifesciences compare with its peers?

Short answer

Edwards Lifesciences's score ranks 4th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Edwards differs from broad medical-device groups through its narrow structural-heart focus: catheter-delivered valves are the core, surgical valves remain meaningful, and mitral and tricuspid therapies are a smaller expansion platform. That concentration supports deep clinical and commercial specialization but leaves less internal diversification when the main valve franchise slows.

Research spending is large and persistent, while gross and operating margins remain substantial and net cash provides funding flexibility. The resulting profile is closer to a focused innovation franchise than a diversified hospital-supply company.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands); Trailing twelve-month ratio set; Cash, investments and debt

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
argenx SE (ARGX) Named competitor$912.87 Oct 5, 2026$57.2B97 5-pillar Oct 5, 2026
DexCom, Inc. (DXCM) Same industry, near in market value$86.90 Oct 5, 2026$32.8B96 5-pillar Oct 5, 2026
Penumbra, Inc. (PEN) Same industry, near in market value$317.11 Oct 5, 2026$12.5B95 5-pillar Oct 5, 2026
Edwards Lifesciences (EW) — this page$87.08$50.1B90
Cardinal Health, Inc. (CAH) Named competitor$233.12 Oct 5, 2026$54.6B88 5-pillar Oct 5, 2026
STERIS plc (STE) Same industry, near in market value$211.07 Oct 5, 2026$20.3B87 5-pillar Oct 5, 2026
Smith & Nephew plc (SNN) Same industry, near in market value$26.92 Oct 5, 2026$11.3B87 5-pillar Oct 5, 2026
Boston Scientific Corporation (BSX) Same industry, near in market value$42.40 Oct 5, 2026$63.0B84 5-pillar Oct 5, 2026
Medtronic plc (MDT) Same industry, near in market value$87.97 Oct 5, 2026$113B80 5-pillar Oct 5, 2026
Zimmer Biomet Holdings, Inc. (ZBH) Same industry, near in market value$91.57 Oct 5, 2026$17.7B80 5-pillar Oct 5, 2026
Stryker Corporation (SYK) Same industry, near in market value$285.22 Oct 5, 2026$109B79 5-pillar Oct 5, 2026
Haleon plc (HLN) Named competitor$8.82 Oct 5, 2026$38.8B78 5-pillar Oct 5, 2026
Alcon Inc. (ALC) Named competitor$64.33 Oct 5, 2026$31.0B77 5-pillar Oct 5, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Healthcare stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$85.00 – $110.00
Consensus target
$101.70
Median target
$101.00

Consensus record · Captured .

Measured against a quoted price of $87.08 (as of Oct 5, 2026).

Insider activity

Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Sep 14, 2026

Transactions
99
Identified insiders
17
Purchases
0
Sales
22
Other transactions
77

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
90.8% Period end Jun 30, 2026
Previous quarter · ownership
87.1% Prior to period end Jun 30, 2026
Reporting holders
1,376 Period end Jun 30, 2026
Previous quarter · holders
1,344 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Blackrock, INC.58,789,433
Vanguard Capital Management LLC37,615,952
Vanguard Portfolio Management LLC26,411,402
State Street Corp26,321,940
Jpmorgan Chase & Co22,783,175

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Edwards Lifesciences (EW)?

Read these with our analysis →

Common Questions About EW (Healthcare)

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

What does Edwards Lifesciences sell through its transcatheter heart valve franchise?

It supplies minimally invasive valve-replacement systems to healthcare providers. Because this franchise supplies most reported segment revenue, procedure adoption here has the greatest influence on companywide sales.

Sources (as of 2026-09-12): Business description; Revenue by segment

Why is PASCAL important to Edwards Lifesciences?

PASCAL extends Edwards beyond its core transcatheter valve-replacement franchise into mitral and tricuspid therapy. Management has tied the program’s near-term progress to a domestic tricuspid launch and a trial-results presentation.

Sources (as of 2026-09-12): Business description; Revenue by segment; Management outlook — dated call excerpts

Can Edwards Lifesciences expand operating margin while gross margin is pressured by currency hedges?

Management’s outlook pairs lower-end gross-margin expectations caused by foreign exchange through hedging with upper-end operating-margin expectations. Delivery therefore requires sufficient operating leverage or spending control below gross profit to absorb that pressure.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Trailing twelve-month ratio set

How exposed is Edwards Lifesciences to transcatheter heart valve demand?

That franchise is the largest reported revenue pool by far, ahead of surgical valves and mitral and tricuspid therapies. Demand weakness there would be difficult for the smaller franchises to offset over a short period.

Sources (as of 2026-09-12): Revenue by segment; Annual revenue and net result (USD millions)

What is the EW stock price today?

The last price recorded on this page for Edwards Lifesciences Corporation (EW) is $87.08, as of the Oct 5, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the EW price target?

The analyst consensus price target for Edwards Lifesciences Corporation (EW) is $101.70 (range $85.00 to $110.00, median $101.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

When are EW's next earnings?

The next earnings date listed on this page for Edwards Lifesciences Corporation (EW) is Oct 29, 2026. Companies sometimes move report dates, so the company's own announcement is the final word on timing.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Cash, investments and debt

Sources — records for every figure on this page (82 figures)

The 82 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsBernard Zovighian (Jul 23, 2026): Also, in the fourth quarter, we continue to expect CLASP IITR results to be presented at TCT and the launch of PASCAL in the U.S. for tricuspid patients. Theodora Mistras (Jul 23, 2026): We now expect gross profit margin to be at the lower end of our full year 78% to 79% gross margin guidance, driven by the impacts of foreign exchange through our hedging program. Theodora Mistras (Jul 23, 2026): We continue to expect full year operating margin to be at the high end of the original 28% to 29% guidance, resulting in approximately 150 basis points of constant currency operating margin expansion for the full year. Going forward, we continue to plan for 50 to 100 basis points of underlying operating margin expansion while continuing to invest in the business. Theodora Mistras (Jul 23, 2026): We now expect our 2026 effective tax rate, excluding special items, to be at the high end of our previous range of 16% to 19%.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressONE Edwards WAY, Irvine, CA, 92614OFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "One Edwards Way, Irvine, CA, 92614, US".

FMP — 72 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$87.08FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T17:34:40.206Z.
px.changeChange on the day+2.27%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$50.1BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-05. FMP quote timestamp: 2026-10-05T17:34:08.000Z. Captured from FMP at 2026-10-05T17:34:33.523Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$1.93FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$1.74BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.pePrice / earnings (trailing)48.94FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day1.11MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.85FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveBernard J. ZovighianFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees16,000FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $5.23B, net result $1.50B; FY2022 revenue $5.38B, net result $1.52B; FY2023 revenue $5.01B, net result $1.40B; FY2024 revenue $5.44B, net result $4.17B; FY2025 revenue $6.07B, net result $1.07BFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsTranscatheter Heart Valves $4.49B · Surgical Heart Valve Therapy $1.03B · Transcatheter Mitral And Tricuspid Therapies $550.60MFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)78.0%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$1.74BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.rd_kR&D — period end 2026-06-30$278.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$561.20MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30$519.50MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$1.65BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.rd_kR&D — period end 2026-03-31$263.30MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$522.20MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31$514.70MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$1.57BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.rd_kR&D — period end 2025-12-31$267.70MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$602.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$370.30MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$1.55BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.rd_kR&D — period end 2025-09-30$280.70MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$514.60MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$425.10MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-07-23.revenue_actualRevenue · reported — report date 2026-07-23$1.74BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-23.revenue_estimatedRevenue · estimate — report date 2026-07-23$1.70BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-23.eps_actualEPS · reported — report date 2026-07-23$0.7800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-23.eps_estimatedEPS · estimate — report date 2026-07-23$0.7430Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-23.revenue_actualRevenue · reported — report date 2026-04-23$1.65BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-23.revenue_estimatedRevenue · estimate — report date 2026-04-23$1.60BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-23.eps_actualEPS · reported — report date 2026-04-23$0.7800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-23.eps_estimatedEPS · estimate — report date 2026-04-23$0.7290Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.revenue_actualRevenue · reported — report date 2026-02-10$1.57BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.revenue_estimatedRevenue · estimate — report date 2026-02-10$1.55BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.eps_actualEPS · reported — report date 2026-02-10$0.5800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.eps_estimatedEPS · estimate — report date 2026-02-10$0.6180Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.revenue_actualRevenue · reported — report date 2025-10-30$1.55BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.revenue_estimatedRevenue · estimate — report date 2025-10-30$1.50BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.eps_actualEPS · reported — report date 2025-10-30$0.6700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.eps_estimatedEPS · estimate — report date 2025-10-30$0.5960Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$4.25BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$651.90MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$244.10MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$704.40MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value4.62×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$651.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$43.80MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$66.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$64.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$450.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$97.40MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$573.70MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$57.50MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$85.00 – $110.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$101.70FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$101.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP99 transactions · 0 purchases, 22 sales, 77 other transactions · 17 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Sep 14, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership90.8%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership87.1%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders1,376FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders1,344FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesBlackrock, INC. — shares in provider snapshot58,789,433FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesVanguard Capital Management LLC — shares in provider snapshot37,615,952FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesVanguard Portfolio Management LLC — shares in provider snapshot26,411,402FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesState Street Corp — shares in provider snapshot26,321,940FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesJpmorgan Chase & Co — shares in provider snapshot22,783,175FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateOct 29, 2026UNRECORDEDStored earnings-calendar observation — Captured 2026-08-19
earn.historyReported versus estimated, recent quartersEPS beat 6 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-04
px.range5252-week range$72.30 – $96.29UNRECORDEDStored company-profile observation — Captured 2026-10-04

COMPUTED — 3 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments11.78×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $4.25B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-05. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
earn.history.depth.2026-07-23.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($1.74B) with the recorded estimate ($1.70B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-07-23.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.7800) with the recorded estimate ($0.7430) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v290 of 100 · Exceptional · pillars 91 / 87 / 44 / 88 / 69OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement90 (stored snapshot Oct 4, 2026) → 90 (current publication computed Oct 5, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.rd_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.rd_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.rd_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.rd_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-07-23. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-07-23.revenue_actual, earn.history.depth.2026-07-23.revenue_estimated, earn.history.depth.2026-07-23.revenue_actual.comparison, earn.history.depth.2026-07-23.eps_actual.comparison, earn.history.depth.2026-07-23.eps_actual, earn.history.depth.2026-07-23.eps_estimated, earn.history.depth.2026-04-23.revenue_actual, earn.history.depth.2026-04-23.revenue_estimated, earn.history.depth.2026-04-23.eps_actual, earn.history.depth.2026-04-23.eps_estimated, earn.history.depth.2026-02-10.revenue_actual, earn.history.depth.2026-02-10.revenue_estimated, earn.history.depth.2026-02-10.eps_actual, earn.history.depth.2026-02-10.eps_estimated, earn.history.depth.2025-10-30.revenue_actual, earn.history.depth.2025-10-30.revenue_estimated, earn.history.depth.2025-10-30.eps_actual, earn.history.depth.2025-10-30.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
Edwards Lifesciences Corporation is a global medical technology firm specializing in sophisticated products and technologies for structural heart conditions, alongside critical care and surgical patient monitoring. With operations spanning the United States, Europe, Japan, and various international territories, the company offers a comprehensive suite of solutions. Their structural heart disease portfolio encompasses transcatheter heart valve replacement systems designed for minimally invasive procedures, as well as transcatheter repair and replacement options specifically targeting mitral and tricuspid valve pathologies, exemplified by their PASCAL and Cardioband systems. Additionally, they provide advanced surgical structural heart solutions, including the INSPIRIS aortic surgical valve, the KONECT RESILIA pre-assembled aortic tissue valved conduit for complex valve, root, and ascending aorta replacements, and the HARPOON Beating Heart Mitral Valve Repair System for patients suffering from degenerative mitral regurgitation. In the realm of critical care, Edwards supplies advanced hemodynamic monitoring systems that assess patients' cardiac function and fluid status in both surgical and intensive care environments. This offering also features the Acumen Hypotension Prediction Index software, which provides early alerts to clinicians regarding potential dangerously low blood pressure. The company distributes its products to healthcare providers through a combination of its proprietary sales force and independent distributor networks. Founded in 1958, Edwards Lifesciences Corporation maintains its headquarters in Irvine, California.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Transcatheter Heart Valves: $4.49B; Surgical Heart Valve Therapy: $1.03B; Transcatheter Mitral And Tricuspid Therapies: $550.60M
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $1.08B, Revenue: $6.07B, Period end: 2025-12-31, Net result: $1.07B
  • FY2024 — R&D: $1.05B, Revenue: $5.44B, Period end: 2024-12-31, Net result: $4.17B
  • FY2023 — R&D: $962.90M, Revenue: $5.01B, Period end: 2023-12-31, Net result: $1.40B
  • FY2022 — R&D: $945.20M, Revenue: $5.38B, Period end: 2022-12-31, Net result: $1.52B
  • FY2021 — R&D: $903.10M, Revenue: $5.23B, Period end: 2021-12-31, Net result: $1.50B
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Cash, investments and debt
Total debt: $704.40M; Liquidity basis: cash and short-term investments; Total liabilities: $3.14B; Cash and short-term investments: $4.25B; Cash and investments: $4.50B; Long-term investments: $244.10M; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $0.42 per share, R&D: $278.90M, SG&A: $561.20M, EPS basic: $0.42 per share, EPS basis: diluted, Revenue: $1.74B, EPS diluted: $0.42 per share, Net result: $241.90M, Gross profit: $1.35B, Operating result: $519.50M
  • Quarter ended 2026-03-31 — EPS: $0.66 per share, R&D: $263.30M, SG&A: $522.20M, EPS basic: $0.66 per share, EPS basis: diluted, Revenue: $1.65B, EPS diluted: $0.66 per share, Net result: $380.70M, Gross profit: $1.29B, Operating result: $514.70M
  • Quarter ended 2025-12-31 — EPS: $0.16 per share, R&D: $267.70M, SG&A: $602.90M, EPS basic: $0.16 per share, EPS basis: diluted, Revenue: $1.57B, EPS diluted: $0.16 per share, Net result: $91.20M, Gross profit: $1.23B, Operating result: $370.30M
  • Quarter ended 2025-09-30 — EPS: $0.5 per share, R&D: $280.70M, SG&A: $514.60M, EPS basic: $0.5 per share, EPS basis: diluted, Revenue: $1.55B, EPS diluted: $0.5 per share, Net result: $291.10M, Gross profit: $1.21B, Operating result: $425.10M
  • Quarter ended 2025-06-30 — EPS: $0.56 per share, R&D: $276.20M, SG&A: $502.00M, EPS basic: $0.57 per share, EPS basis: diluted, Revenue: $1.53B, EPS diluted: $0.56 per share, Net result: $329.80M, Gross profit: $1.19B, Operating result: $430.90M
  • Quarter ended 2025-03-31 — EPS: $0.61 per share, R&D: $254.60M, SG&A: $465.70M, EPS basic: $0.61 per share, EPS basis: diluted, Revenue: $1.41B, EPS diluted: $0.61 per share, Net result: $358.00M, Gross profit: $1.11B, Operating result: $394.80M
  • Quarter ended 2024-12-31 — EPS: $0.65 per share, R&D: $271.10M, SG&A: $491.90M, EPS basic: $0.65 per share, EPS basis: diluted, Revenue: $1.39B, EPS diluted: $0.65 per share, Net result: $385.60M, Gross profit: $1.09B, Operating result: $312.60M
  • Quarter ended 2024-09-30 — EPS: $5.13 per share, R&D: $253.40M, SG&A: $421.40M, EPS basic: $5.14 per share, EPS basis: diluted, Revenue: $1.35B, EPS diluted: $5.13 per share, Net result: $3.07B, Gross profit: $1.09B, Operating result: $350.60M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-07-23 — EPS actual: $0.78 per share, EPS estimated: $0.743 per share, Revenue actual: $1.74B, Revenue estimated: $1.70B
  • Reported 2026-04-23 — EPS actual: $0.78 per share, EPS estimated: $0.729 per share, Revenue actual: $1.65B, Revenue estimated: $1.60B
  • Reported 2026-02-10 — EPS actual: $0.58 per share, EPS estimated: $0.618 per share, Revenue actual: $1.57B, Revenue estimated: $1.55B
  • Reported 2025-10-30 — EPS actual: $0.67 per share, EPS estimated: $0.596 per share, Revenue actual: $1.55B, Revenue estimated: $1.50B
  • Reported 2025-07-24 — EPS actual: $0.67 per share, EPS estimated: $0.624 per share, Revenue actual: $1.53B, Revenue estimated: $1.49B
  • Reported 2025-04-23 — EPS actual: $0.64 per share, EPS estimated: $0.596 per share, Revenue actual: $1.41B, Revenue estimated: $1.40B
  • Reported 2025-02-11 — EPS actual: $0.59 per share, EPS estimated: $0.551 per share, Revenue actual: $1.39B, Revenue estimated: $1.36B
  • Reported 2024-10-24 — EPS actual: $0.67 per share, EPS estimated: $0.665 per share, Revenue actual: $1.35B, Revenue estimated: $1.54B
2026-07-23FMPFinancial Modeling Prep (FMP) earnings
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-07-23 — Quote: Also, in the fourth quarter, we continue to expect CLASP IITR results to be presented at TCT and the launch of PASCAL in the U.S. for tricuspid patients., Speaker: Bernard Zovighian
  • Call of 2026-07-23 — Quote: We now expect gross profit margin to be at the lower end of our full year 78% to 79% gross margin guidance, driven by the impacts of foreign exchange through our hedging program., Speaker: Theodora Mistras
  • Call of 2026-07-23 — Quote: We continue to expect full year operating margin to be at the high end of the original 28% to 29% guidance, resulting in approximately 150 basis points of constant currency operating margin expansion for the full year. Going forward, we continue to plan for 50 to 100 basis points of underlying operating margin expansion while continuing to invest in the business., Speaker: Theodora Mistras
  • Call of 2026-07-23 — Quote: We now expect our 2026 effective tax rate, excluding special items, to be at the high end of our previous range of 16% to 19%., Speaker: Theodora Mistras

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-07-23OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Trailing twelve-month ratio set
Quick ratio: 3.77; Current ratio: 4.52; Debt to equity: 0.07; Net margin: 15.4%; Gross margin: 78%; Operating margin: 28.1%; Return on assets: 7.2%; Return on equity: 9.7%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Cash and investment components
Total basis: cash short and long-term investments; Total: $4.50B; Cash and short-term investments: $4.25B; Long-term investments: $244.10M; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $4.25B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $3.67B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $4.23B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $3.84B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $4.06B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $3.90B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $3.98B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $4.45B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash decline over the reported window
To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $4.25B; Decline: $193.40M; Opening balance: $4.45B; Average change per period: $27.60M

Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-06-30COMPUTEDComputed from reported balances
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $3.55B; Total debt: $704.40M; Cash and investments: $4.25B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Distress and quality screens
Altman Z-score: 12.31; Piotroski F-score: 6

Altman Z below 1.8 is the conventional distress zone. For a company holding large cash against negative retained earnings the score mostly reflects the retained-earnings term.

2026-09-12FMPFinancial Modeling Prep (FMP) financial scores
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$66.90M, Operating cash flow: $651.90M
  • Quarter ended 2026-03-31 — Capital expenditure: -$64.90M, Operating cash flow: $43.80M
  • Quarter ended 2025-12-31 — Capital expenditure: -$97.40M, Operating cash flow: $450.90M
  • Quarter ended 2025-09-30 — Capital expenditure: -$57.50M, Operating cash flow: $573.70M
  • Quarter ended 2025-06-30 — Capital expenditure: -$49.30M, Operating cash flow: $290.20M
  • Quarter ended 2025-03-31 — Capital expenditure: -$56.00M, Operating cash flow: $280.40M
  • Quarter ended 2024-12-31 — Capital expenditure: -$49.80M, Operating cash flow: -$127.50M
  • Quarter ended 2024-09-30 — Capital expenditure: -$31.90M, Operating cash flow: $351.80M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Next earnings report
Date: 2026-10-29; EPS estimate: $0.73 per share; Revenue estimate: $1.68B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $3.39 per share, Revenue average: $7.42B, Revenue low: $7.22B, Revenue high: $7.50B, Analysts (revenue): 22
  • FY2028 — EPS average: $3.79 per share, Revenue average: $8.20B, Revenue low: $7.87B, Revenue high: $8.60B, Analysts (revenue): 22
  • FY2029 — EPS average: $4.2 per share, Revenue average: $9.00B, Revenue low: $8.78B, Revenue high: $9.20B, Analysts (revenue): 14
  • FY2030 — EPS average: $4.62 per share, Revenue average: $9.81B, Revenue low: $9.57B, Revenue high: $10.03B, Analysts (revenue): 11
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold EW

Funds in our ETF coverage that list EW among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
SMI 3Fourteen Full-Cycle Trend ETF (FCTE)5.26%
FFLS ETF3.76%