Edwards Lifesciences — Apr 23, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001099800-26-000021
Showing in the filing
Constant currency sales growth
“9% to 11%”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 14
Constant currency sales growth for FY2026
“9% to 11%”
Gross margin for FY2026
“78% to 79%”
R&D expense as a percentage of sales for FY2026
“approximately 17%”
Operating profit margin for FY2026
“high end of the company’s original 28% to 3 29% guidance range”
Constant currency operating margin expansion for FY2026
“approximately 150 basis points”
Sales growth rate for FY2026
“9% to 11%”
TAVR product group sales growth rate for FY2026
“7% to 9%”
Total company sales for FY2026
“$6.5 to $6.9 billion”
TAVR sales for FY2026
“$4.7 to $5.0 billion”
TMTT sales for FY2026
“$740 to $780 million”
Surgical sales growth for FY2026
“mid-single-digit”
Adjusted EPS for FY2026
“$2.95 to $3.05”
Total sales for Q2 FY2026
“between $1.66 and $1.74 billion”
Adjusted EPS for Q2 FY2026
“$0.70 to $0.76”
Exhibit 99.1 · the passage around this item
… earlier in the release
Highlights and Outlook • Q1 sales grew 16.7% to $1.65 billion 1 , constant currency 2 sales grew 12.7% • Q1 TAVR sales grew 14.4% to $1.20 billion 1 ; constant currency 2 sales grew 11.0% • Q1 TMTT sales of $173 million 1,3 , driven by repair and replacement therapies • Q1 EPS of $0.66 1 ; adjusted 2 EPS of $0.78 1 • Raising FY 2026 constant currency 2 sales growth guidance to 9% to 11% from 8% to 10% • Raising FY 2026 adjusted 2 EPS guidance midpoint; new range of $2.95 to $3.05 from $2.90 to $3.05 • Renewed clinical focus on proactive disease management with differentiated SAPIEN TAVR • Completed $500 million Accelerated Share Repurchase “Building on a year in 2025 marked by solid financial performance and strategic progress, we delivered another strong quarter in Q1, achieving 12.7% sales growth, which reflects the impact and durability of our focused strategy. We remain dedicated to solving large, urgent and complex patient needs and pursuing unique opportunities to innovate and lead in structural heart disease,” said Bernard Zovighian, Edwards’ CEO. “Based on our first quarter performance, we are raising our financial guidance for 2026. We continue to pursue additional meaningful growth opportunities across our portfolio, and our financial strength and strategic clarity give us confidence in the future.” Transcatheter Aortic Valve Replacement (TAVR) In the first quarter, the company reported TAVR sales of $1.2 billion, which grew 14.4% compared to the prior year, or 11.0% on a constant currency basis. SAPIEN growth in the U.S. was healthy, and it was even fa
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.