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Boston Scientific BSX Neuromodulation — Net Sales

Other product segments

Interventional Cardiology & Vascular Therapies
$4.64B
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$736M+9.4%
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$646M+2.1%
Cardiac Rhythm Management
$578M0.0%
Watchman
$506M+19.1%
Interventional Oncology & Embolization
$214M

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Other financials

Income statement

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Revenue$5.4B+7.5%
Gross profit$3.8B+12.4%
Operating income$1.2B+43.8%
Net income$907.0M+14.1%
EPS (diluted)$0.61+15.1%

Balance sheet

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Cash & equivalents$850.0M+146%
Total debt$659.0M-94.1%
Total equity$25.9B+16.4%
Total assets$44.4B+10.5%

Cash flow

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Operating cash flow$348.0M-35.7%
CapEx$177.0M-5.3%
Free cash flow$171.0M-51.7%

Valuation

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Market cap$69.46B-56.1%
P/E18.9×-44.4×
P/S3.3×-5.3×

Profitability

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Gross margin69.9%+1.7pp
Operating margin19.8%+2.8pp
Net margin17.5%+4.0pp
FCF margin16.9%-0.3pp

Returns & leverage

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Return on equity14.8%+5.2pp
Debt / equity-0.5×
Current ratio1.9×+0.4×

Where this comes from

Reported directly by Boston Scientific in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Boston Scientific’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 6:25 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000885725-26-000033
BusinessesThree Months Ended March 31, 2026 / U.S.Three Months Ended March 31, 2026 / Int'lThree Months Ended March 31, 2026 / TotalThree Months Ended March 31, 2025 / U.S.Three Months Ended March 31, 2025 / Int'lThree Months Ended March 31, 2025 / Total
Endoscopy$446$290$736$420$253$673
Urology465182646469165633
Neuromodulation2368231820467271
MedSurg1,1475541,7011,0934841,577
Interventional Cardiology & Vascular Therapies5526921,2444676571,124
Watchman4624450639034425
Electrophysiology603302905511219730
Cardiac Rhythm Management349229578358220578

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Boston Scientific's neuromodulation — net sales?
Boston Scientific (BSX) reported neuromodulation — net sales of $318M in Q1 2026.
How has Boston Scientific's neuromodulation — net sales changed year-over-year?
Boston Scientific's neuromodulation — net sales increased by 17.3% year-over-year, from $271M to $318M.
What is the long-term trend for Boston Scientific's neuromodulation — net sales?
Over 4 years (2021 to 2025), Boston Scientific's neuromodulation — net sales has grown at a 7.2% compound annual growth rate (CAGR), from $909M to $1.2B.
What does neuromodulation — net sales mean?
This metric represents the total revenue generated from the sale of neuromodulation medical devices, which are used to treat chronic pain and other neurological conditions through electrical stimulation. It reflects the market adoption and commercial performance of the company's portfolio of implantable pulse generators and related therapeutic hardware. This revenue stream is a critical indicator of the company's competitive position in the interventional pain management and neuro-technology markets.

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