Filing Flows › Merit Medical Systems (MMSI) › Q3 2026
Merit Medical Systems (MMSI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Merit Medical Systems (MMSI) reported revenue of $416M for the third quarter 2026 (Q3 2026), +8% from a year earlier and -0.6% from the quarter before. Operating margin was 14.1%, net earnings $42.3M (10.2% of revenue).
Merit Medical Systems, Q3 2026: revenue $416M (+8% year over year), operating margin 14.1%, net earnings $42.3M, operating cash flow $65.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $416M | -0.6% | +8% |
| Gross profit | $201M | -7% | +8% |
| Operating profit | $58.8M | -3% | +38% |
| Net earnings | $42.3M | +9% | +52% |
| Operating cash flow | $65.3M | -6% | -13% |
| Free cash flow | $52.9M | +2% | +0.7% |
What changed
Revenue was $416.2M in Q3 2026, up 8% year over year and down 1% from the previous quarter. Access was the largest line at 38% of revenue. Vascular Intervention added $7.0M year over year (up 20%), 22% of the total change. Procedural Solutions declined 16%.
Gross margin was 48.2%, down 0.3 points from Q3 2025. Operating profit was $58.8M, a 14.1% margin (up 3.0 points year over year). Of the extra revenue versus Q3 2025, 50% reached operating profit, above the 11% margin then. Operating expenses fell 1% while revenue rose 8%. Net earnings were $42.3M, up 52% year over year. The effective tax rate was 24.2%.
Operating cash flow was $65.3M (down 13% year over year), 154% of net earnings. Non-cash charges added back $31.9M of depreciation and amortization and $13.6M of share-based compensation. Working capital and other items used $22.6M. Capital expenditures of $12.3M left free cash flow of $52.9M.
Questions
What was Merit Medical Systems' revenue in the third quarter 2026?
Merit Medical Systems (MMSI) reported revenue of $416M for the third quarter 2026 (Q3 2026), +8% from a year earlier and -0.6% from the quarter before.
Was Merit Medical Systems profitable in the third quarter 2026?
Operating profit was $58.8M (14.1% of revenue) and net earnings $42.3M.