earnings
confidence high
sentiment neutral
materiality 0.75
Inspire Medical Q2 revenue down 7.6% to $200.6M; raises FY2026 guidance; announces Project Horizon restructuring
Inspire Medical Systems, Inc.
- Q2 revenue $200.6M (-7.6% YoY); diluted EPS $0.01, adjusted diluted EPS $0.14.
- Gross margin 85.5% (+150 bps); operating cash flow $23.2M vs $2.7M prior year.
- Raised FY2026 revenue guidance to $835M-$875M; adjusted diluted EPS guidance $1.05-$1.45.
- Announced Project Horizon restructuring to generate $30M annualized growth investment capacity; expects $20M-$25M pre-tax charges.
- Cash and investments $415.2M as of June 30, 2026.