Boston Scientific Corporation · BSX · FY2026 Q3 · Calendar Q4 2026

BSX Holds 2026 Guide Despite Cyber Hit and EP Pressure

Boston Scientific's near-term growth case is constrained by the cyber incident, EP and WATCHMAN competition, and China pricing pressure. Restructuring, the Penumbra acquisition, and the product pipeline support a longer-term recovery case, but that recovery depends on execution and regulatory timing.

Reported Before market openNYSEHealthcare $65.30B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.72
EPS surprise — Reported versus consensus
Reported revenue — Consensus $5.06B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -3.5% Event window
SPY move +0.3% Same window
Abnormal move -3.8% Stock minus SPY
Volume 2.9× Versus trailing sessions
Subsequent drift 0.0% Up to 20 sessions
BSXSPY benchmark

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Transcript intelligence

What changed

Management maintained full-year 2026 guidance despite a cyber incident that reduced Q3 revenue and EPS. The call also pointed to a more difficult 2027 for EP and WATCHMAN, while emphasizing restructuring savings, new products, and the planned Penumbra acquisition as later growth drivers.

Guidance delta

Maintained. Full-year 2026 guidance remains approximately 4% organic revenue growth and EPS of $3.16-$3.18, according to the supplied transcript analysis.

Key takeaways

  • The cyber incident was described as a material Q3 headwind, although operations have resumed.
  • EP and WATCHMAN are expected to remain under pressure, with 2027 EPS growth expected to be flat.
  • Management emphasized restructuring savings, product launches, and Penumbra integration as longer-term growth supports.

Management priorities

  • Restore operations and limit residual cyber-incident effects.
  • Execute the restructuring program and realize its planned savings.
  • Advance EP, WATCHMAN, IVL, and Vitalist product programs.
  • Complete and integrate the planned Penumbra acquisition.

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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 $6B
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Analyst Consensus ?

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

Analyst 52W Price Targets

$42.43Current
$48Low
$72.77Average
$130High

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

Firm-level rating actions

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

FirmRatingPrior ratingActionDate
Stifel Buy BuyMaintainOct 26, 2026
Truist Securities Buy BuyMaintainOct 14, 2026
Citigroup Neutral NeutralMaintainOct 5, 2026
Wells Fargo Equal Weight Equal WeightMaintainSep 24, 2026
Oppenheimer Outperform OutperformMaintainSep 21, 2026
Show 39 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $42.43. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Stifel NicolausAnalyst unavailable$55$45.69 +29.6%Oct 26, 2026
Truist FinancialAnalyst unavailable$51$42.84 +20.2%Oct 14, 2026
Mizuho SecuritiesAnalyst unavailable$55$43.84 +29.6%Oct 13, 2026
BarclaysAnalyst unavailable$48$42.19 +13.1%Oct 6, 2026
BernsteinLee Hambright$54$42.6 +27.3%Oct 3, 2026
See 145 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

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
GSK GSK plc FY2026 Q3 · Calendar Q4 2026 — -4.3% GSK reaffirms 2026 guidance as specialty medicines drive Q3 growth
AVTR Avantor, Inc. FY2026 Q3 · Calendar Q4 2026 — -2.2% Avantor reports stronger growth and raises full-year guidance
ICLR ICON Public Limited Company FY2026 Q3 · Calendar Q4 2026 — +12.5% ICON: bookings and margins improve as revenue dips
IQV IQVIA Holdings Inc. FY2026 Q3 · Calendar Q4 2026 +2.5% -0.7% IQVIA: AI momentum and bookings support raised 2026 outlook

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-10-28T16:10:32.161618+00:00
  2. FN2 earnings calendar · 2026-10-28T01:23:13.546025+00:00
  3. Polygon adjusted daily market bars · 2026-10-28T19:00:42.982192+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-28T19:00:42.979557+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 2026-10-28. For educational purposes only; not investment advice.