Kilambi News
Wednesday, October 28, 2026

Boston Scientific sales growth slows to 1.5 percent after cyberattack

Life Sciences Wednesday, October 28, 2026 - Updated Oct 28, 2026 07:08

Boston Scientific reported third quarter net sales of $5.138 billion, up 1.5 percent, with GAAP net income of $582 million, as a cybersecurity incident disrupted manufacturing and shipments.

Why it matters: The quarter quantifies the cost of the August cyberattack for a major device maker, and the cut to full year guidance, to about 4.25 percent reported sales growth, shows the disruption reaching into the fourth quarter.

Data as of Third quarter 2026 results released October 28, 2026 and furnished to the SEC on Form 8-K (accession 0000885725-26-000066). Prior guidance and the September warning are from the company September 8, 2026 update as reported by Dow Jones.

Boston Scientific generated net sales of $5.138 billion in the third quarter of 2026, growth of 1.5 percent on a reported, operational and organic basis against the same quarter a year earlier, the company said on October 28 in results furnished to the SEC. GAAP net income attributable to common stockholders was $582 million, or $0.40 per share, down from $755 million, or $0.51 per share, a year earlier. Adjusted earnings per share were $0.73, against $0.75 a year earlier and against the $0.80 to $0.82 the company had guided for the quarter in July, before the cyberattack.

Chief executive Mike Mahoney called it a challenging year and credited the company’s teams for responding to the cybersecurity incident with urgency to restore operations. The incident, first identified on August 25, disrupted manufacturing, order processing and customer shipments, and in September the company warned it was unlikely to meet its third quarter and full year guidance.

The segment detail shows where the damage landed. MedSurg sales rose 0.6 percent reported to $1.733 billion, with endoscopy down 0.8 percent and urology down 3.2 percent, partly offset by neuromodulation growth of 13.1 percent. Cardiovascular sales rose 1.9 percent to $3.406 billion. By region, United States sales rose 0.5 percent, Europe, Middle East and Africa rose 4.4 percent reported, Asia-Pacific fell 0.6 percent, and Latin America and Canada rose 16.0 percent.

Guidance now reflects a slow finish to the year. Boston Scientific estimates full year 2026 net sales growth of approximately 4.25 percent reported and 3.75 percent organic, with adjusted earnings per share of $3.16 to $3.18, and it expects fourth quarter sales to decline by approximately 3.0 to 1.0 percent against the prior year. The company also reported device progress in the quarter, including first enrollment in the Elite AF trial of its next generation WATCHMAN device, Food and Drug Administration 510(k) clearances in its StoneSmart urology line, and a strategic collaboration with Heartflow on AI powered coronary procedure planning.

Sources

  1. Boston Scientific announces results for third quarter 2026 - Boston Scientific Corporation - 2026-10-28
  2. Boston Scientific Won't Meet Guidance Due to Cyberattack - Dow Jones Newswires via Morningstar - 2026-09-08