CONMED Q1 Revenue of $317M Beats Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy CNMD?
Reports Q1 revenue $317.0M, consensus $310.6M. "Our 2025 momentum continued in the first quarter as we delivered revenue and adjusted earnings ahead of our expectations," said Patrick J. Beyer, CONMED's President and Chief Executive Officer. "We continue to concentrate our resources and investment on our higher-growth, higher-margin areas: minimally invasive surgery, smoke evacuation, and orthopedic soft tissue repair."
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Analyst Views on CNMD
Wall Street analysts forecast CNMD stock price to rise
5 Analyst Rating
1 Buy
4 Hold
0 Sell
Hold
Current: 36.660
Low
41.00
Averages
50.00
High
55.00
Current: 36.660
Low
41.00
Averages
50.00
High
55.00
About CNMD
CONMED Corporation is a medical technology company, which provides devices and equipment for surgical procedures. Its products are used by surgeons and other healthcare professionals in a variety of specialties, including orthopedics, general surgery, gynecology, thoracic surgery and gastroenterology. Its product lines consist of orthopedic surgery and general surgery. Orthopedic surgery consists of sports medicine instrumentation and lower extremities instrumentation and implants, small bone, large bone and specialty-powered surgical instruments as well as imaging systems for use in minimally invasive surgical procedures and service fees related to the promotion and marketing of sports medicine allograft tissue. General surgery consists of a complete line of endo-mechanical instrumentation for minimally invasive laparoscopic and gastrointestinal procedures, smoke evacuation devices, a line of cardiac monitoring products as well as electrosurgical generators and related instruments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CONMED Q1 2026 Earnings Call Insights
- Strategic Divestiture: In Q1, CONMED completed the divestiture of certain GI products, strategically reallocating resources to focus on higher growth and higher-margin offerings, thereby enhancing execution and long-term shareholder value.
- Sales Performance Review: Total sales for the quarter were $317 million, a 1.3% year-over-year decline; however, excluding the impact of GI products, sales increased by 3.8% year-over-year, demonstrating resilience and growth potential in core operations.
- Profitability Analysis: Adjusted net income stood at $27.1 million, down 8.5% year-over-year, with adjusted EPS at $0.89, a 6.3% decrease; despite rising financing costs, the company maintains its full-year EPS guidance, reflecting management's confidence.
- Upgraded Future Outlook: CONMED raised its organic growth expectation for 2026 to 5.0%-6.5% and anticipates Q2 revenue between $336 million and $340 million, indicating a positive outlook on market demand.
See More
CONMED Reports Doubling of Q1 Profit, Raises Growth Outlook
- Profit Doubling: CONMED's Q1 net income surged to $13.8 million, more than doubling from $6.0 million last year, indicating successful cost control and margin improvement despite a slight decline in sales.
- Slight Sales Decline: The company's net sales fell 1.3% year-over-year to $317.0 million, primarily impacted by a $15.5 million drop from exiting certain gastroenterology products, although international revenue rose 4.7%, showcasing resilience in global markets.
- Upgraded Full-Year Outlook: CONMED raised its 2026 organic revenue growth forecast to 5.0% to 6.5%, with reported revenue expected between $1.35 billion and $1.375 billion, reflecting strong confidence in future growth.
- Strategic Focus on High-Growth Areas: CEO Patrick J. Beyer emphasized the company's commitment to concentrating resources on minimally invasive surgery, smoke evacuation, and orthopedic soft tissue repair, aiming to drive long-term sustainable growth.
See More
CONMED Q1 Earnings Beat Expectations, Full-Year Outlook Raised
- Earnings Beat: CONMED reported a Q1 non-GAAP EPS of $0.89, exceeding expectations by $0.07, indicating strong market performance and boosting investor confidence.
- Slight Revenue Decline: Q1 revenue stood at $317 million, down 1.3% year-over-year but still beating expectations by $6.39 million, demonstrating the company's ability to maintain relatively stable revenue in a competitive environment.
- Upgraded Full-Year Outlook: Based on Q1 performance, the company raised its 2026 organic revenue growth forecast to 5.0% to 6.5%, up from the previous range of 4.5% to 6.0%, reflecting management's confidence in future growth.
- Positive Forex Impact: The updated revenue outlook incorporates a favorable foreign exchange impact of 40 to 50 basis points, showcasing the company's adaptability in global markets, while gastroenterology product revenue is expected to decrease to $14.5 million to $17.5 million, highlighting the necessity of strategic adjustments.
See More
CONMED Shares Enter Oversold Territory
- Oversold Signal: CONMED Corp (CNMD) saw its RSI drop to 29.4 during Monday's trading, indicating the stock has entered oversold territory, potentially attracting bullish investors looking for buying opportunities.
- Price Fluctuation: The stock price hit a low of $33.85, nearing its 52-week low of $33.21, suggesting that the recent heavy selling pressure is beginning to wane.
- Market Comparison: Compared to the current RSI of 47.6 for the S&P 500 ETF (SPY), CNMD's oversold condition may indicate an impending market sentiment reversal, prompting investors to watch for potential rebound opportunities.
- Historical Performance: With a 52-week high of $61.08 and a current trading price of $34.08, CNMD shows potential for value recovery after significant volatility, making it a stock to monitor for future gains.
See More
Conmed Corporation Stock Downgraded by Piper Sandler
- Rating Downgrade Impact: Piper Sandler downgraded Conmed (CNMD) from Overweight to Neutral, citing a lack of catalysts to spark investor interest, leading to a stock decline on Tuesday that reflects market concerns about the company's future growth.
- Demand Slowdown Analysis: Analyst Matt O'Brien noted that while Conmed's AirSeal robotic solution did not completely implode after Intuitive Surgical (ISRG) launched a competing product, poor messaging and execution missteps have negatively impacted the stock for two years.
- Market Outlook Comparison: O'Brien concurrently upgraded Tandem Diabetes (TNDM) to Overweight, indicating that he sees better prospects in other SMID-cap MedTech companies, which further exacerbates the negative outlook for Conmed.
- Lack of Catalysts: Despite Conmed's attractive valuation and M&A capacity, the analyst believes there are currently no clear catalysts to turn the company's situation around, reflecting a pessimistic sentiment regarding its future growth potential.
See More
CONMED Shares Enter Oversold Territory
- Oversold Signal: CONMED Corp (CNMD) saw its RSI drop to 29.95 during Tuesday's trading, indicating the stock has entered oversold territory, suggesting that the recent heavy selling may be exhausting, prompting investors to look for buying opportunities.
- Price Fluctuation: CNMD shares hit a low of $38.42, with the current trading price at $38.46, highlighting significant volatility compared to its 52-week low of $35.37 and high of $63.69, reflecting market sentiment.
- Market Comparison: In contrast to the S&P 500 ETF (SPY) RSI of 43.4, CNMD's oversold condition may attract bullish investors, especially during potential shifts in market sentiment.
- Investment Opportunity: Given the oversold signal, investors might consider buying CNMD shares as they rebound, aiming to capitalize on potential recovery opportunities and enhance portfolio returns.
See More
CONMED Q1 2026 Earnings Call Insights
- Strategic Divestiture: In Q1, CONMED completed the divestiture of certain GI products, strategically reallocating resources to focus on higher growth and higher-margin offerings, thereby enhancing execution and long-term shareholder value.
- Sales Performance Review: Total sales for the quarter were $317 million, a 1.3% year-over-year decline; however, excluding the impact of GI products, sales increased by 3.8% year-over-year, demonstrating resilience and growth potential in core operations.
- Profitability Analysis: Adjusted net income stood at $27.1 million, down 8.5% year-over-year, with adjusted EPS at $0.89, a 6.3% decrease; despite rising financing costs, the company maintains its full-year EPS guidance, reflecting management's confidence.
- Upgraded Future Outlook: CONMED raised its organic growth expectation for 2026 to 5.0%-6.5% and anticipates Q2 revenue between $336 million and $340 million, indicating a positive outlook on market demand.
See More
CONMED Reports Doubling of Q1 Profit, Raises Growth Outlook
- Profit Doubling: CONMED's Q1 net income surged to $13.8 million, more than doubling from $6.0 million last year, indicating successful cost control and margin improvement despite a slight decline in sales.
- Slight Sales Decline: The company's net sales fell 1.3% year-over-year to $317.0 million, primarily impacted by a $15.5 million drop from exiting certain gastroenterology products, although international revenue rose 4.7%, showcasing resilience in global markets.
- Upgraded Full-Year Outlook: CONMED raised its 2026 organic revenue growth forecast to 5.0% to 6.5%, with reported revenue expected between $1.35 billion and $1.375 billion, reflecting strong confidence in future growth.
- Strategic Focus on High-Growth Areas: CEO Patrick J. Beyer emphasized the company's commitment to concentrating resources on minimally invasive surgery, smoke evacuation, and orthopedic soft tissue repair, aiming to drive long-term sustainable growth.
See More
CONMED Q1 Earnings Beat Expectations, Full-Year Outlook Raised
- Earnings Beat: CONMED reported a Q1 non-GAAP EPS of $0.89, exceeding expectations by $0.07, indicating strong market performance and boosting investor confidence.
- Slight Revenue Decline: Q1 revenue stood at $317 million, down 1.3% year-over-year but still beating expectations by $6.39 million, demonstrating the company's ability to maintain relatively stable revenue in a competitive environment.
- Upgraded Full-Year Outlook: Based on Q1 performance, the company raised its 2026 organic revenue growth forecast to 5.0% to 6.5%, up from the previous range of 4.5% to 6.0%, reflecting management's confidence in future growth.
- Positive Forex Impact: The updated revenue outlook incorporates a favorable foreign exchange impact of 40 to 50 basis points, showcasing the company's adaptability in global markets, while gastroenterology product revenue is expected to decrease to $14.5 million to $17.5 million, highlighting the necessity of strategic adjustments.
See More
CONMED Shares Enter Oversold Territory
- Oversold Signal: CONMED Corp (CNMD) saw its RSI drop to 29.4 during Monday's trading, indicating the stock has entered oversold territory, potentially attracting bullish investors looking for buying opportunities.
- Price Fluctuation: The stock price hit a low of $33.85, nearing its 52-week low of $33.21, suggesting that the recent heavy selling pressure is beginning to wane.
- Market Comparison: Compared to the current RSI of 47.6 for the S&P 500 ETF (SPY), CNMD's oversold condition may indicate an impending market sentiment reversal, prompting investors to watch for potential rebound opportunities.
- Historical Performance: With a 52-week high of $61.08 and a current trading price of $34.08, CNMD shows potential for value recovery after significant volatility, making it a stock to monitor for future gains.
See More
Conmed Corporation Stock Downgraded by Piper Sandler
- Rating Downgrade Impact: Piper Sandler downgraded Conmed (CNMD) from Overweight to Neutral, citing a lack of catalysts to spark investor interest, leading to a stock decline on Tuesday that reflects market concerns about the company's future growth.
- Demand Slowdown Analysis: Analyst Matt O'Brien noted that while Conmed's AirSeal robotic solution did not completely implode after Intuitive Surgical (ISRG) launched a competing product, poor messaging and execution missteps have negatively impacted the stock for two years.
- Market Outlook Comparison: O'Brien concurrently upgraded Tandem Diabetes (TNDM) to Overweight, indicating that he sees better prospects in other SMID-cap MedTech companies, which further exacerbates the negative outlook for Conmed.
- Lack of Catalysts: Despite Conmed's attractive valuation and M&A capacity, the analyst believes there are currently no clear catalysts to turn the company's situation around, reflecting a pessimistic sentiment regarding its future growth potential.
See More
CONMED Shares Enter Oversold Territory
- Oversold Signal: CONMED Corp (CNMD) saw its RSI drop to 29.95 during Tuesday's trading, indicating the stock has entered oversold territory, suggesting that the recent heavy selling may be exhausting, prompting investors to look for buying opportunities.
- Price Fluctuation: CNMD shares hit a low of $38.42, with the current trading price at $38.46, highlighting significant volatility compared to its 52-week low of $35.37 and high of $63.69, reflecting market sentiment.
- Market Comparison: In contrast to the S&P 500 ETF (SPY) RSI of 43.4, CNMD's oversold condition may attract bullish investors, especially during potential shifts in market sentiment.
- Investment Opportunity: Given the oversold signal, investors might consider buying CNMD shares as they rebound, aiming to capitalize on potential recovery opportunities and enhance portfolio returns.
See More
