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ICU Medical quarterly revenue rises 4.4% to $560.4 million

ICU Medical's revenue growth is speeding up. Results for the quarter ended September 30, 2026, from the earnings release filed with the SEC on Nov 5, 2026.

Octans ResearchPublished

Snapshot

ICU Medical's revenue growth is speeding up: revenue rose 4.4% to $560.4 million in the quarter ended September 30, 2026, from $537.0 million a year earlier, after 0.5% year over year growth the quarter before.

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ICUI
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Market Data

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Company1D %Price
($ICUI)▲ +2.66%172.11

as of 16:00 ET · Realtime derived data

What We Know

Revenue for the quarter ended September 30, 2026 was $560.4 million, versus $537.0 million in the same quarter a year earlier, up 4.4%. Diluted earnings per share swung to $1.07 from a loss of $0.14 a share.

Bar chart: ICU Medical: revenue, last eight quarters. US$ millions by fiscal quarter end, as of Nov 5, 2026. Dec 2024 629.8; Mar 2025 604.7; Jun 2025 548.9; Sep 2025 537.0; Dec 2025 540.7; Mar 2026 530.2; Jun 2026 551.7; Sep 2026 560.4. Latest quarter $560.4M, Up 4.4% vs a year earlier.
Source: SEC EDGAR (earnings release and XBRL financial data)

Quarterly revenue by fiscal quarter end, oldest first: Dec 2024: $629.8 million; Mar 2025: $604.7 million; Jun 2025: $548.9 million; Sep 2025: $537.0 million; Dec 2025: $540.7 million; Mar 2026: $530.2 million; Jun 2026: $551.7 million; Sep 2026: $560.4 million.

Octans View

Year over year revenue change by quarter, computed from the filed figures: Dec 2025 down 14.1%; Mar 2026 down 12.3%; Jun 2026 up 0.5%; Sep 2026 up 4.4%. On those figures, ICU Medical's revenue growth is speeding up. That read compares the latest two year over year growth rates and nothing else.

Bear Case · Room for Disagreement

This brief covers reported revenue and diluted earnings per share only. It does not cover guidance, margins, segment results, cash flow or the earnings call, and it makes no forecast. Revenue is the total on the release line we matched; a company's own adjusted measures can differ.

Method and source. Octans Research matched the revenue line in the earnings release (Exhibit 99.1) to the year ago quarter the company reported in its own XBRL financial data; the two must agree before anything is published. The quarterly history comes from the same XBRL data. The text is generated from those verified figures by a fixed template; no model wrote it.

Chart

$ICUI adjusted close, last 6 months $ICUI adjusted close, last 6 months: series rising from 123 to 172 (+39.7%) from 2026-05-12 to 2026-11-06. Scale 100 to 200. 100120140160180200 2026-05-122026-11-06 $ICUI ADJUSTED CLOSE, LAST 6 MONTHS +39.7% 172.1
Source: Tiingo · As of 2026-11-06Indicative, not investment advice.

Sources

  1. [1]SEC EDGAR — ICU Medical earnings release for the quarter ended September 30, 2026 (Exhibit 99.1), filed Nov 5, 2026
  2. [2]SEC EDGAR — ICU Medical XBRL financial data (company facts)

These are the sources this piece was drafted from. How we verify. Found an error? Tell us and we correct it in public.

$560.4M

Revenue for the quarter ended September 30, 2026 was $560.4 million, versus $537.0 million in t… · What we know

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