Boston Scientific
Builds minimally invasive devices for cardiovascular, endoscopic, urological and neuromodulation procedures.
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Profile
Develops minimally invasive devices for cardiovascular, endoscopic, urological and neurological procedures, earning revenue from sales to hospitals, physicians and other care providers worldwide. Cardiovascular accounts for most sales, led by platforms spanning electrophysiology, left-atrial-appendage closure and interventional cardiology.
Develops and sells minimally invasive medical devices used in cardiovascular and MedSurg procedures. The Cardiovascular segment spans electrophysiology, WATCHMAN left-atrial-appendage closure, cardiac rhythm management, interventional cardiology and vascular therapies, and interventional oncology and embolization. MedSurg covers endoscopy, urology and neuromodulation.
Growth is built around new-product launches and acquired platforms, with FARAPULSE pulsed-field ablation a recent driver. Hospitals, physicians and other healthcare providers purchase the devices, while the United States supplies most sales and international markets provide the balance.
Commercialization depends on clinical evidence, regulatory clearance and country-specific reimbursement. Manufacturing also relies on some custom or single-source components, and medical-device rules govern product design, production, labeling, distribution and post-market monitoring.
Company facts
Categories
Key statistics
Year to date −50.5% · Average volume (30d) 20.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Argus Research | Downgrade | Buy | Hold | ||
| Jul 30, 2026 | RBC Capital | Reiterate | Outperform | $85 | $70 | |
| Jul 30, 2026 | UBS | Reiterate | Buy | $74 | $67 | |
| Jul 30, 2026 | Deutsche Bank | Reiterate | Buy | $78 | $60 | |
| Jul 30, 2026 | Robert W. Baird | Target | $70 | $56 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.84 | $0.86 | +3.0% | $5.38B | $5.44B | +1.2% | −0.04% |
| Apr 22, 2026Q1 FY26 | $0.79 | $0.80 | +1.5% | $5.17B | $5.20B | +0.6% | +1.26% |
| Feb 4, 2026Q4 FY25 | $0.78 | $0.80 | +2.4% | $5.28B | $5.29B | +0.1% | +2.83% |
| Oct 22, 2025Q3 FY25 | $0.71 | $0.75 | +5.0% | $4.97B | $5.07B | +1.9% | −1.41% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.66B | $5.06B | $5.07B | $5.29B | $5.20B | $5.44B | |
| Gross profit | $2.95B | $3.42B | $3.54B | $3.94B | $3.61B | $3.85B | |
| Operating income | $896.0M | $819.0M | $1.05B | $1.21B | $1.07B | $1.18B | |
| Net income | $674.0M | $793.0M | $755.0M | $668.0M | $1.34B | $907.0M | |
| Diluted EPS | $0.45 | $0.53 | $0.50 | $0.45 | $0.90 | $0.61 | |
| Gross margin | 63.3% | 67.7% | 69.9% | 74.5% | 69.4% | 70.7% | |
| Operating margin | 19.2% | 16.2% | 20.7% | 22.8% | 20.6% | 21.6% |
Fiscal years (4-quarter sums)FY21 $11.89B · FY22 $12.68B · FY23 $14.24B · FY24 $16.75B · FY25 $20.08B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $539.0M · Total debt $12.62B · Total assets $45.22B · Shareholders' equity $24.93B
Dividends
No dividends on record.
Ownership
Shares outstanding 1.49B · Float 1.48B · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 129.68M | 8.72% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 97.09M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 70.11M | 4.72% | 13F | Aug 7, 2026 |
| Primecap Management Co/CA/ | 50.52M | 3.40% | 13F | Aug 14, 2026 |
| FMR LLC | 45.70M | 3.07% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Susan E. Morano | director | +2,040 | $49.22 |
| Aug 5, 2026 | David C. Habiger | director | +2,100 | $47.59 |
| Aug 3, 2026 | Michael F. Mahoney | director, officer: Chairman, President & CEO | +186,240 | $48.33 |
| Aug 3, 2026 | David C. Habiger | director | +1,042 | $48.07 |
| Aug 4, 2026 | David C. Habiger | director | +140 | $48.59 |
Peers
- Medtronic
Widest rival footprint: EP, CRM, structural heart, neuromodulation, peripherals.
- Johnson & Johnson
Biosense Webster EP leader; Shockwave IVL adds peripheral vascular competition.
- Abbott
Multi-front rival: EP pipeline, top-selling DES, LAA closure, and SCS.
- Edwards Lifesciences
Pure-play structural heart leader; SAPIEN TAVR contests BSX cathlab access.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Boston Scientific | $46.85 | +0.03% | $69.62B | 19.0 | 14.2 | 3.3 | +7.5% |
| Medtronic | $91.58 | +0.42% | $116.78B | 24.5 | 15.3 | 3.2 | +9.9% |
| Johnson & Johnson | $268.40 | +0.13% | $645.95B | 31.1 | 22.4 | 6.6 | +6.6% |
| Abbott | $112.20 | −0.22% | $194.62B | 36.2 | 19.4 | 4.2 | +13.0% |
| Edwards Lifesciences | $91.14 | +1.04% | $51.94B | 51.8 | 28.7 | 8.0 | +13.6% |
| Median | 33.6 | 20.9 | 5.4 | +11.4% |






