Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“And similar to the Edwards trials, there was some late catch-up in mortality.”
An analyst compares Medtronic CoreValve long-term mortality data to Edwards Lifesciences' TAVR trial results.
“Brooke has most recently led the integration of Edwards Critical Care, which she will continue to oversee as part of her expanded scope.”
Confirms BD's integration of the Critical Care business it acquired from Edwards Lifesciences (now BD's APM segment), a read-through on Edwards having divested that unit.
“the acquisitions of the Edwards Lifesciences' Critical Care Product Group, Parata Systems, Straub Medical, Tepha and others.”
BD lists its acquisition of Edwards Lifesciences' Critical Care Product Group as part of its M&A track record, a divestiture by Edwards as it streamlined its portfolio.
“in early September, we closed the acquisition of Edwards Critical Care, now Advanced Patient Monitoring or APM which contributed $74 million to BD Medical revenue”
BD closed its acquisition of Edwards Lifesciences' Critical Care division (now BD's Advanced Patient Monitoring unit), a divestiture for Edwards that immediately contributed $74 million in revenue to the acquirer.
“one-time charges related to the GennaValve acquisition that did not close as well as litigation expenses”
Edwards' planned acquisition of GennaValve did not close, producing one-time GAAP charges and removing associated spending from the 2026 operating plan.
“the share gain that we had from the Boston Scientific exit contributed a big chunk of that. We are pleased to see the stickiness of that share gain from quarter three to quarter four.”
Boston Scientific's exit from the TAVR market handed Edwards durable share gains, a negative read-through for Boston Scientific's structural-heart franchise.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Dave Roman | Goldman Sachs | 12 (8%) |
| Larry Biegelsen | Wells Fargo | 12 (17%) |
| Robbie Marcus | JPMorgan | 12 (8%) |
| Travis Steed | Bank of America | 12 (17%) |
| Vijay Kumar | Evercore ISI | 12 (25%) |
| Matt Taylor | Jefferies | 7 (0%) |
| Matt Miksic | Barclays | 5 (0%) |
| Joanne Wuensch | Citigroup | 4 (0%) |
| Pito Chickering | Deutsche Bank | 4 (0%) |
| Chris Pasquale | Nephron Research | 3 (33%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 1 | 12 (17%) |
| Evercore ISI | 1 | 12 (25%) |
| Goldman Sachs | 1 | 12 (8%) |
| JPMorgan | 1 |
“We continue to pursue this regulatory approval for JenaValve for a very simple reason.”
Edwards is still pursuing its FTC-challenged acquisition of JenaValve, aiming to enter the aortic regurgitation space, with a ruling expected in Q1.
“It sounded like just a modest contribution from the Boston exit.”
Boston Scientific's exit from the TAVR market rebalanced European competition and gave Edwards a modest sales tailwind, a negative read-through on Boston Scientific's structural-heart position.
“would you venture a guess that what proportion of the Boston Scientific exited sales you could get?”
An analyst asked how much of Boston Scientific's exited European TAVR sales Edwards could capture, after Boston Scientific's competitor exit rebalanced European TAVR market share toward Edwards in Q2.
“the acquisition of JenaValve, which is not closed yet”
Edwards Lifesciences' pending acquisition of JenaValve is expected to close in Q3 2025, weighing on gross margin and SG&A guidance until it closes.
“we have plans in place to offset the estimated impact of currently announced tariffs and the estimated dilution from the Yenovale acquisition, which we are planning to close midyear”
Edwards Lifesciences is planning to close its acquisition of Yenovale (a private structural-heart company) around midyear 2025, with an estimated $0.05-$0.10 EPS dilution the company is working to offset.
“you also had the exit of Boston Scientific pressures in Europe, not the exit, but the pressure on their business that they described.”
An analyst referenced competitive pressure Boston Scientific had described in its own European structural-heart business while asking Edwards to reconcile its strong Q4 with softer Q1 guidance.
| 12 (8%) |
| Wells Fargo | 1 | 12 (17%) |
| Jefferies | 1 | 7 (0%) |
| Barclays | 1 | 5 (0%) |
| Deutsche Bank | 1 | 4 (0%) |
Edwards delivered Q4 sales growth of 11.6% to $1.57B capping a full year of 10.7% growth, with TAVR growing 10.6% driven by proactive disease management. TMTT exceeded $500M for the full year with Q4 growing over 40%, and CMS formally opened the process to reconsider the TAVR NCD for broader coverage. Management expressed increased confidence in FY2026 guidance of 8-10% sales growth and $2.90-$3.05 EPS as introduced at the December investor conference.
Demand | Innovation & R&D | Product Launch | Competitive Dynamics | Revenue Growth | Regulation Policy | Guidance Reliability | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 4 | 9 | 1 | 7 | 2 | 4 | 1 |
| 2025Q1 | 7 | 4 | 5 | 4 | 4 | 6 | 2 | 3 |
| 2025Q2 | 6 | 3 | 3 | 4 | 1 | 3 | 4 | 5 |
| 2025Q3 | 6 | 6 | 2 | 2 | 1 | 2 | 1 | 3 |
| 2025Q4 | 6 | 5 | 2 | 3 | 4 | 2 | 1 | 1 |
| 2026Q1 | 2 | 3 | 3 | 6 | 1 | 2 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 7 | 7 | 6 | 6 | 6 | 2 |
| Innovation & R&D | 4 | 4 | 3 | 6 | 5 | 3 |
| Product Launch | 9 | 5 | 3 | 2 | 2 | 3 |
| Competitive Dynamics | 1 | 4 | 4 | 2 | 3 | 6 |
| Revenue Growth | 7 | 4 | 1 | 1 | 4 | 1 |
| Regulation Policy | 2 | 6 | 3 | 2 | 2 | 2 |
| Guidance Reliability | 4 | 2 | 4 | 1 | 1 | 3 |
| Margin | 1 | 3 | 5 | 3 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
EW Edwards Lifesciences | 9 | +16.7% | |
| ABT Abbott Laboratories | 6 | +7.8% | |
| ALGN Align Technology | 6 | +6.2% | |
| BSX Boston Scientific | 6 | +11.6% | |
| DXCM DexCom | 9 | +15.1% | |
| MDT Medtronic | 8 | +9.9% | |
| PODD Insulet Corporation | 8 | +33.9% | |
| STE Steris | 7 | +7.3% | |
| SYK Stryker Corporation | 4 | +2.6% | |
| ZBH Zimmer Biomet | 9 | +9.3% |