Companies /Healthcare
Integra Lifesciences Holdings Corp
NASDAQ: IART Medical Devices
$13.86
▲ $0.42 (+3.12%) today
Markets open · 1:10pm ET

Integra LifeSciences (IART) Q2 2025 Earnings

Reported Jul 31, 2025, 6:15am ET · SEC source
$0.45
Beat +4.38%
EPS · est. $0.43
$415.6M
Beat +5.20%
Revenue · est. $395.1M
+14.1%
Beating market
IART vs S&P since report
4 quarters
Consecutive EPS beats

How Did IART Stock React to Q2 2025 Earnings?

% change · around the report
−5%0+5%+10%Jul 30Aug 7report 6:15am ETearnings−0.7%+2.1%
−5%0+5%+10%Jul 30Aug 7earnings−0.7%+2.1%
IART +2.1%S&P 500 −0.7%
−5%0+5%+10%Jul 30Aug 7report 6:15am ETearnings−0.4%+2.1%
−5%0+5%+10%Jul 30Aug 7earnings−0.4%+2.1%
IART +2.1%NASDAQ −0.4%
+6.22%
Day of report
−6.32%
Next session
−3.88%
One week
+15.37%
30 days

S&P 500 over the same 30 days: +1.30%.

Did IART Beat Earnings? Q2 2025 Results

Yes. Integra LifeSciences reported Q2 2025 earnings of $0.45 a share on Jul 31, 2025, beating the $0.43 consensus estimate by 4.4%. Revenue was $415.6M against a $395.1M estimate.

Integra LifeSciences delivered a stronger-than-expected second quarter, posting adjusted EPS of $0.45 against a consensus estimate of $0.43 for a 4.38% beat, while revenue of $415.61 million topped estimates by 5.20%, even as reported sales slipped 0.6% year over year amid ongoing quality remediation headwinds. The headline numbers, however, were overshadowed by a $511.37 million goodwill impairment charge tied to the company's depressed stock price, which drove a GAAP net loss of $484.07 million, or $6.31 per diluted share, compared to a loss of $0.16 a year ago. Adjusted gross margin contracted to 60.7% from 65.2%, reflecting the continued cost burden of the Boston facility transition and EU regulatory compliance. Despite the turbulence, Codman Specialty Surgical grew 0.7% to $303.96 million, and management noted mid-single-digit underlying growth when stripping out shipping hold impacts. Shares have significantly underperformed the broader market year-to-date, though the company updated full-year revenue guidance to $1.66 billion to $1.68 billion and reaffirmed adjusted EPS of $2.19 to $2.29, while projecting a meaningful organic growth acceleration in Q3.

Key Takeaways
  • Strong underlying demand for neurosurgery and tissue technology products with mid-single digit growth excluding shipping holds
  • ~20% growth in Integra Skin and ~10% growth in DuraSorb
  • High-single digit growth in MicroMatrix and Cytal
  • Neurosurgery growth driven by CUSA, Aurora, Mayfield, DuraSeal, Bactiseal and CereLink monitors
  • Revenue exceeded guidance; adjusted EPS at top end of guidance range

“I am proud of our team's performance and execution in the second quarter. Our strong revenue performance is a testament to our disciplined progress and the solid underlying demand trends for our portfolio of neurosurgery and tissue technology products.”

Integra LifeSciences CEO, on the earnings call

What Was Integra LifeSciences's Outlook in Q2 2025?

For Q3 2025, the company expects reported revenues of $410 million to $420 million, representing reported growth of 7.7% to 10.3% and organic growth of 7.3% to 9.9%, with adjusted EPS of $0.40 to $0.45. For full-year 2025, the company updated its revenue guidance to $1.655 billion to $1.680 billion (reported growth of 2.8% to 4.3%, organic growth of 0.6% to 2.1%) and reaffirmed adjusted EPS guidance of $2.19 to $2.29 per share. A profitability initiative has been launched with meaningful initial impact expected over the next 12 to 18 months.

IART YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$200.0M$400.0M$418.2M$415.6MRevenue$225.9M$209.3MGross Profit
$0$200.0M$400.0MRevenueGross Profit
IART income statement, Q2 2025 versus Q2 2024
Metric Q2 2025 Q2 2024 Year over year
Revenue $415.6M $418.2M −0.6%
Gross Profit $209.3M $225.9M −7.3%

IART Revenue by Segment

Neurosurgery$209.0M+1.7%
Wound Reconstruction and Care$84.7M−3.4%
Instruments$53.1M−2.7%
ENT$41.9M+0.4%
Private Label$26.9M−6.3%

Figures from SEC filings and company reports. Not investment advice.