Boston Scientific lowers fiscal 2026 outlook as Watchman and EP markets face pressure
Boston Scientific's Q2 beat on revenue and adjusted EPS was overshadowed by a fiscal 2026 guide cut, citing an unexpected slowdown in the Watchman U.S. market and sharper-than-expected competitive share losses in electrophysiology. Lower sales and EPS ranges compress the forward growth narrative and raise execution risk. A restructuring plan signals cost discipline but underscores near-term pressure on margins and demand visibility.
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Boston Scientific reported second-quarter revenue of $5.442 billion and adjusted earnings of 86 cents per share, topping expectations. At the same time, the company cut its fiscal 2026 revenue and profit guidance, citing slower momentum for its Watchman heart implant and intensifying competition in the U.S. electrophysiology (EP) market. The updated outlook calls for 2026 sales of $21.178 billion$21.379 billion and adjusted EPS of $3.28$3.32, down from prior targets.