Israel's InMode Q3 revenue slightly beats estimates on Asia growth
INMD•InMode reported Q3 revenue of $92.14 million, slightly above the $91.60 million consensus, while adjusted EPS of $0.32 met expectations. It reaffirmed 2026 revenue guidance of $365 million to $375 million and expects non-GAAP EPS of $1.29 to $1.34.
1. Quarterly results
InMode's Q3 revenue was nearly flat year over year, with Asia revenue reaching a quarterly record on sustained demand across key markets. Consumables and service revenue fell 3% year over year. Adjusted EPS was $0.32, in line with expectations, and gross margin was 78%.
2. Margins and outlook
Operating margins narrowed as the company restructured its North American sales team, increased sales and marketing investments, and incurred higher professional services costs. Gross margin benefited from a non-recurring U.S. tariff refund that added about one percentage point. InMode reaffirmed 2026 revenue guidance of $365 million to $375 million, expects non-GAAP EPS of $1.29 to $1.34, and anticipates a non-GAAP gross margin of 74% to 76%.
