InMode reported second quarter 2026 revenue of $95.6 million, flat year-over-year but beating analyst estimates of $88.2 million. Non-GAAP EPS came in at $0.35, also ahead of the $0.34 consensus, though down from $0.47 in the prior-year quarter. The key focus metric, consumables and service revenue, grew 13% to $22.3 million but missed expectations.
Key Highlights
- Q2 Revenue: Reported at $95.6 million, consistent with Q2 2025, driven by stable US capital equipment demand and record revenue in Asia.
- Q2 Non-GAAP EPS: Reached $0.35, down from $0.47 a year ago, reflecting significant margin compression. GAAP operating margin fell to 13% from 24% YoY due to higher costs, product mix, and increased sales and marketing investments.
- Consumables Revenue: Grew 13% year-over-year to $22.3 million, missing analyst expectations of $24.5 million.
- FY2026 Outlook: Management expects full-year revenues between $365 million and $375 million and non-GAAP EPS between $1.29 and $1.34.