Boston Scientific Corporation · BSX · FY2025 Q3 · Calendar Q4 2025

Boston Scientific: Strong Q3 Momentum, Higher EPS Guidance, Execution Risks Remain

The current analysis supports a constructive but conditional view: strong demand in electrophysiology and WATCHMAN, product expansion, and higher guidance support continued growth, while margin, execution, competitive, and integration risks must be monitored.

Reported Before market openNYSEHealthcare $65.28B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.75 Consensus $0.71
EPS surprise +5.0% Reported versus consensus
Reported revenue $5.07B Consensus $4.97B
Revenue surprise +1.9% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +4.0% Event window
SPY move -0.5% Same window
Abnormal move +4.5% Stock minus SPY
Volume 1.8× Versus trailing sessions
Subsequent drift -6.6% Up to 20 sessions
BSXSPY benchmark

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What changed

Relative to the prior-quarter analysis, the company reported continued strong momentum, raised full-year adjusted EPS guidance, highlighted further product and market expansion, and added the pending Nalu Medical acquisition. The current analysis also flags a European backorder and ERP-related disruption alongside ongoing tariff and competitive risks.

Guidance delta

Raised; management increased full-year adjusted EPS guidance.

Key takeaways

  • The analysis describes strong Q3 organic growth and an adjusted EPS beat.
  • FARAPULSE and WATCHMAN remain the main growth engines, with additional support from AGENT and new product launches.
  • Management raised full-year adjusted EPS guidance, signaling confidence in continued above-market performance.
  • Margin expansion is expected, but tariffs, pricing pressure, backorders, and competition remain important watchpoints.

Management priorities

  • Expand FARAPULSE and WATCHMAN adoption across the electrophysiology and structural-heart franchises.
  • Advance launches and clinical or regulatory milestones for AGENT, FARAPOINT, Cortex, SEISMIQ, and WATCHMAN Elite.
  • Complete and integrate the Nalu Medical acquisition while broadening the neuromodulation portfolio.
  • Resolve European backorder and ERP-related execution issues.

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Earnings History

Estimate Beat Miss Match
BSX REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $4B Q1 '24 actual $4B, beat Q2 '24 estimate $4B Q2 '24 actual $4B, beat Q3 '24 estimate $4B Q3 '24 actual $4B, beat Q2 '25 estimate $5B Q2 '25 actual $5B, beat Q3 '25 estimate $5B Q3 '25 actual $5B, beat Q4 '25 estimate $5B Q4 '25 actual $5B, beat Q1 '26 estimate $5B Q1 '26 actual $5B, beat Q2 '26 estimate $5B Q2 '26 actual $5B, beat Q3 '26 estimate $5B Q4 '26 estimate $6B Q1 '27 estimate $5B
Show 1 more >

Analyst Consensus ?

ConsensusBuy44 ratings
Bullish3784.1%
Neutral715.9%
Bearish00.0%

Analyst 52W Price Targets

$44.11Current
$48Low
$75.49Average
$130High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 28, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wells Fargo Equal Weight Equal WeightMaintainSep 24, 2026
Oppenheimer Outperform OutperformMaintainSep 21, 2026
Citigroup Neutral BuyDowngradeSep 17, 2026
BTIG Buy BuyMaintainSep 9, 2026
TD Cowen Buy BuyMaintainAug 25, 2026
Show 39 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $44.11. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Wells FargoLarry Biegelsen$48$44.62 +8.8%Sep 23, 2026
OppenheimerSuraj Kalia$65$43.34 +47.4%Sep 21, 2026
BTIGMarie Thibault$56$44.98 +27.0%Sep 9, 2026
RBC CapitalShagun Singh$70$44.8 +58.7%Jul 30, 2026
UBSAnalyst unavailable$67$44.9 +51.9%Jul 30, 2026
See 140 more

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Company context

Snapshot as of publication

Boston Scientific Corporation (BSX) operates as a global leader in medical technology, specializing in the design, manufacturing, and commercialization of innovative medical devices tailored for a diverse array of interventional medical specialties across the globe. Its business is strategically organized into three principal segments: MedSurg, Rhythm and Neuro, and Cardiovascular. Within these divisions, the company provides a comprehensive portfolio of solutions addressing various gastrointestinal and pulmonary ailments, as well as urological and pelvic health concerns. This extends to advanced implantable devices for managing cardiac rhythm disorders, such as cardioverter-defibrillators, cardiac resynchronization therapy devices, and pacemakers, complemented by remote patient management systems. Furthermore, Boston Scientific offers sophisticated technologies for diagnosing and treating complex heart rate and rhythm irregularities.…

Historical context

All BSX earnings

Healthcare peers this season

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COO The Cooper Companies, Inc. FY2026 Q3 · Calendar Q3 2026 +2.7% -14.7% CooperCompanies beats expectations as inventory reduction weighs on vision revenue
MDT Medtronic plc FY2027 Q1 · Calendar Q3 2026 +4.3% +1.5% Medtronic raises FY27 outlook as growth broadens across platforms

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-09-28T19:20:59.878599+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-28T19:20:59.875663+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-09-28. For educational purposes only; not investment advice.