Integer Holdings Corporation (ITGR) has revised its outlook for 2026, forecasting organic sales to be flat or decrease by 1%. The new revenue projections range between $1.805 billion and $1.835 billion, reflecting a decline of 1% to 3% compared to 2025. Adjusted earnings per share are anticipated between $5.83 and $6.40, indicating a possible year-over-year decline of up to 9% due to customer forecast revisions and slower adoption of new products.
In the first quarter of 2026, ITGR reported revenues of $439.6 million, slightly exceeding estimates with a 0.5% increase year over year. However, adjusted earnings per share dropped by 8.4% to $1.20, and gross margins contracted to 24.9%. The adoption of three newly launched products in electrophysiology and neuromodulation is expected to hinder future sales growth by about 3% to 4% as the company navigates variable customer ordering patterns.
Integer’s debt stood at $1.25 billion at the end of the first quarter, with a debt-to-capital ratio of 0.44, higher than the industry average of 0.28. The company is currently rated 4 (Sell) by Zacks, with a price target of $77.
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