Edwards Lifesciences jumps on Q1 beat and higher 2026 sales, EPS outlook
Edwards Lifesciences (EW) shares are higher after the company reported Q1 sales of $1.65 billion and adjusted EPS of $0.78, exceeding expectations. Management raised full-year 2026 constant-currency sales growth guidance to 9%–11% and lifted the adjusted EPS midpoint to $2.95–$3.05.
1. What’s driving EW today
Edwards Lifesciences is moving higher on an earnings-and-guidance reset following its first-quarter update dated April 23, 2026. The company posted Q1 sales of $1.65 billion (12.7% constant-currency growth) and adjusted EPS of $0.78, then raised full-year 2026 constant-currency sales growth guidance to 9%–11% (from 8%–10%) and increased the midpoint of adjusted EPS guidance to $2.95–$3.05 (from $2.90–$3.05). (s27.q4cdn.com)
2. The key operating detail: TAVR strength
The quarter’s biggest underpinning was the company’s core TAVR franchise, where Q1 sales rose to $1.20 billion (11.0% constant currency). Edwards also raised its full-year 2026 TAVR sales growth outlook to 7%–9% (from 6%–8%), pointing to solid U.S. demand and faster growth outside the U.S., helped by competitive dynamics in Europe. (s27.q4cdn.com)
3. Broader portfolio adds support, plus buyback
Beyond TAVR, Edwards reported Q1 TMTT sales of $173 million, and highlighted continued adoption across EVOQUE and PASCAL as well as the U.S. FDA approval of SAPIEN M3 for mitral replacement. The company also disclosed completing a $500 million accelerated share repurchase during the quarter, with roughly $1.5 billion remaining under authorization—an incremental tailwind for per-share optics alongside the raised EPS view. (s27.q4cdn.com)