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AtriCure (ATRC) investor relations material
AtriCure Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was $154.5M, up 15% YoY (15.1% in constant currency); net income was $4.1M versus a $0.3M loss a year earlier.
Adjusted EBITDA rose 50.6% YoY to $26.8M; U.S. demand and product adoption drove growth, while international markets remained slower.
Financial highlights
Gross profit was $119.4M versus $101.3M; gross margin expanded 180 bps YoY to 77.3% on favorable product and geographic mix.
Operating expenses were $115M, up 13.7%; excluding a $4.5M PFA co-development milestone, expenses rose 9.3%. SG&A rose 5.9%, while R&D increased 20.6% excluding the milestone.
Operating income was $4.4M versus $0.2M; GAAP diluted EPS was $0.08 versus a $0.01 loss, and adjusted EPS was $0.18 versus a $0.01 loss.
Nine-month revenue was $449.3M versus $394.0M; net income was $13.1M versus a $13.2M loss, and adjusted EBITDA was $71.2M versus $41.9M.
Outlook and guidance
FY2026 revenue guidance is $606M-$610M, representing 13.4%-14.1% annual growth; management expects to finish ahead of initial guidance.
Adjusted EBITDA guidance increased to $91M-$94M; FY2026 GAAP EPS guidance is $0.21-$0.27 and adjusted EPS is $0.40-$0.46.
FY2026 gross margin is expected in the upper 76% range; full-quarter new-facility costs and product or geographic mix may pressure quarterly margins.
Q4 guidance reflects prudence amid sustained U.S. hybrid ablation and international headwinds; continued positive cash generation is expected.
- Clinical and financial progress outpace targets, with innovation and market expansion driving growth.ATRC
Wells Fargo 21st Annual Healthcare Conference - Strong growth, innovation, and clinical trial catalysts drive robust financial and market expansion.ATRC
Canaccord Genuity's 46th Annual Growth Conference - Q2 2026 revenue up 12.8% to $153.6M, with net income of $9M and margin expansion.ATRC
Q2 2026 - Targeting $1B revenue by 2030 through innovation, clinical data, and market expansion.ATRC
Goldman Sachs 47th Annual Global Healthcare Conference 2026 - All proposals and board nominees were approved with strong shareholder participation.ATRC
AGM 2026 - 2026 growth driven by innovation, exclusive clinical data, and expanding market opportunities.ATRC
Bank of America Global Healthcare Conference 2026 - Q2 2025 revenue up 17.1% year-over-year, with improved profitability and raised outlook.ATRC
Q2 2025 - Aiming for $1B+ revenue by 2030 through innovation and expanded clinical adoption.ATRC
Investor Day 2025 - Double-digit revenue and EBITDA growth in 2024, with robust 2025 outlook and product momentum.ATRC
Q4 2024
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