Glaukos Corporation · GKOS · FY2026 Q1 · Calendar Q2 2026

Glaukos raises 2026 sales outlook as Epioxa launches

The quarter strengthens the case that demand for iDose TR and the Epioxa launch can support growth, but the thesis still depends on reimbursement execution, claim processing, and scaling commercial investment.

Reported After market closeNYSEHealthcare $14.07B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $-0.18 Consensus $-0.30
EPS surprise +40.0% Reported versus consensus
Reported revenue $150.6M Consensus $137.0M
Revenue surprise +9.9% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +22.8% Event window
SPY move +1.0% Same window
Abnormal move +21.8% Stock minus SPY
Volume 4.2× Versus trailing sessions
Subsequent drift -28.1% Up to 20 sessions
GKOSSPY benchmark

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Transcript intelligence

What changed

Management raised full-year 2026 net-sales guidance to $620-$635 million from the prior $600-$620 million range. The current analysis also points to record Q1 sales, broader Epioxa access, and continued iDose adoption.

Guidance delta

Raised: full-year 2026 net-sales guidance moved to $620-$635 million from $600-$620 million previously.

Key takeaways

  • Record Q1 sales of $150.6 million were led by iDose TR and the Epioxa launch.
  • Epioxa received a product-specific J-code scheduled to take effect July 1, 2026, while the O2N site-of-care network reached roughly 65% of the U.S. population.
  • Management highlighted iDose training, Epioxa commercialization, and pipeline filings as priorities.

Management priorities

  • Scale iDose surgeon training and commercial investment.
  • Expand Epioxa access through payer coverage, the O2N network, and patient-awareness efforts.
  • Advance iDose Trio, Phase IV studies, and other pipeline programs.

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Earnings History

Estimate Beat Miss Match
GKOS EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $-0.56 Q4 '23 actual $-0.63, miss Q1 '24 estimate $-0.58 Q1 '24 actual $-0.70, miss Q2 '24 estimate $-0.52 Q2 '24 actual $-0.52, match Q3 '24 estimate $-0.52 Q3 '24 actual $-0.28, beat Q2 '25 estimate $-0.26 Q2 '25 actual $-0.24, beat Q3 '25 estimate $-0.27 Q3 '25 actual $-0.16, beat Q4 '25 estimate $-0.22 Q4 '25 actual $-0.28, miss Q1 '26 estimate $-0.30 Q1 '26 actual $-0.18, beat Q2 '26 estimate $-0.21 Q2 '26 actual $-0.14, beat Q3 '26 estimate $-0.10 Q3 '26 actual $0.47, beat Q4 '26 estimate $0.45 Q1 '27 estimate $0.19 Q2 '27 estimate $0.28 Q3 '27 estimate $0.41
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Analyst Consensus ?

ConsensusBuy25 ratings
Bullish1872.0%
Neutral624.0%
Bearish14.0%

Analyst 52W Price Targets

$237.6Current
$42Low
$177.38Average
$255High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.

Firm-level rating actions

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

FirmRatingPrior ratingActionDate
Wells Fargo Overweight OverweightMaintainOct 29, 2026
Truist Securities Buy BuyMaintainOct 29, 2026
Stifel Buy BuyMaintainOct 29, 2026
Piper Sandler Overweight OverweightMaintainOct 29, 2026
Needham Buy BuyMaintainOct 29, 2026
Show 20 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $237.6. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
H.C. WainwrightYi Chen$248$237.73 +4.4%Oct 29, 2026
Stifel NicolausThomas Stephan$225$181.43 -5.3%Oct 29, 2026
Piper SandlerMatt O'Brien$240$181.43 +1.0%Oct 29, 2026
NeedhamDavid Saxon$251$181.43 +5.6%Oct 29, 2026
Mizuho SecuritiesAnthony Petrone$225$181.43 -5.3%Oct 29, 2026
See 61 more

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Company context

Snapshot as of publication

Glaukos Corporation operates as an ophthalmic medical technology and pharmaceutical enterprise, primarily focused on pioneering novel therapies for glaucoma, corneal disorders, and retinal diseases. The company offers a range of micro-bypass stents, including iStent, iStent inject, and iStent inject W. These devices are designed to enhance aqueous humor outflow, being inserted during cataract surgery to treat mild-to-moderate open-angle glaucoma. Its promising product pipeline features iStent Infinite, a three-stent system intended for standalone use in patients with refractory glaucoma, as well as iDose TR, a targeted injectable implant that utilizes Glaukos's micro-scale device platform to deliver therapeutic levels of medication. The company distributes its products through a direct sales organization and a network of distributors, serving markets across the United States and internationally. Glaukos Corporation, founded in 1998, is headquartered in San Clemente, California.

Historical context

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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 · 2026-11-01T08:20:40.997553+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T08:20:40.994750+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 2026-11-01. For educational purposes only; not investment advice.