Boston Scientific
0HOY.L
$97.07 -0.50%
Exchange: LSE | Sector: Healthcare | Industry: Medical Equipment Services
Q2 2024
Published: Aug 1, 2024

Earnings Highlights

  • Revenue of $4.12B up 14.5% year-over-year
  • EPS of $0.22 increased by 22.2% from previous year
  • Gross margin of 69.2%
  • Net income of 324.00M
  • "We are committed to expanding our product lines to meet the growing demand for innovative medical solutions, said CEO Mike Mahoney." - Mike Mahoney, CEO
0HOY.L
Boston Scientific Corporation

Executive Summary

Boston Scientific Corporation reported robust Q2 2024 results, with a revenue increase to $4.12 billion, up 14.48% year-over-year (YoY) and 6.85% quarter-over-quarter (QoQ). This growth was driven primarily by strong performance across its MedSurg and Cardiovascular segments, indicating successful demand recovery post-pandemic and continued adoption of its innovative medical devices. Despite challenges in gross profit margin which decreased slightly from previous quarters, net income showed a 20% improvement YoY, totaling $324 million, signaling effective cost management and operational efficiency. However, net income saw a decline of 34.41% on a sequential basis as operating income dipped by 22.96%, reflecting potential pressures in the market and competitive landscape.

Key Performance Indicators

Revenue
Increasing
4.12B
QoQ: 6.85% | YoY: 14.48%
Gross Profit
Increasing
2.85B
69.17% margin
QoQ: 7.67% | YoY: 12.69%
Operating Income
Increasing
520.00M
QoQ: -22.96% | YoY: 1.17%
Net Income
Increasing
324.00M
QoQ: -34.41% | YoY: 20.00%
EPS
Increasing
0.22
QoQ: -35.29% | YoY: 22.22%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 5,061.00 0.53 +22.8% View
Q1 2025 4,663.00 0.45 +20.9% View
Q4 2024 4,561.00 0.38 +22.4% View
Q3 2024 4,209.00 0.32 +19.3% View
Q2 2024 4,120.00 0.22 +14.5% View