Artivion reported quarterly revenues of $123.8 million for the three months ended September 30, 2026, up 9%, driven primarily by aortic stent grafts and On-X products. Gross margin declined to 61% of revenue from 66%.
AORT · Artivion, Inc.
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Artivian reported third-quarter total constant-currency revenue growth of 9% and an adjusted EBITDA decline of 8% year-over-year.
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 5, 2026TL;DR. Artivion grew revenue 9% to $123.8 million in Q3 2026, with On-X up 13%, stent grafts up 12%, rising U.S. AMDS implants after PMA approval, NEXUS launch preparation on track for January 2027 and Artisan trial enrollment at 56 patients. Against that, adjusted EBITDA fell 8% to $22.5 million, gross margin fell to 61.4% from 65.6%, GAAP swung to a $(7.9) million net loss, free cash flow was negative $17.6 million, 2027 carries a 2-point revenue and 4-point EBITDA growth headwind from the Baxter agreement expiration, and the AMDS starter set purchase remains challenging.
- + Total revenue grew 9% to $123.8 million in Q3 2026 from $113.4 million a year earlier
- + On-X revenue grew 13% year-over-year in Q3 2026
- + Aortic stent graft revenue grew 12% year-over-year
- + Preparations for the U.S. commercial launch of NEXUS in January 2027 are progressing well
- + U.S. AMDS implants increased versus the second quarter following PMA approval, with set-sale hurdles viewed as transient
- + Artisan (ARCEVO LSA) trial enrollment reached 56 patients and continues on schedule
- − Adjusted EBITDA fell 8% to $22.5 million from $24.6 million
- − Gross margin fell to 61.4% from 65.6% on mix and Onyx/Nexus manufacturing ramp costs
- − GAAP swung to a net loss of $(7.9) million, or $(0.16) per diluted share, from $6.5 million net income
- − Free cash flow was negative $17.6 million versus positive $17.7 million a year ago
- − 2027 faces a 2 percentage point revenue growth headwind and 4 percentage point EBITDA growth headwind from the completion of the Baxter/Perclot agreement
- − The AMDS starter set purchase requires $100,000 and has proven more difficult than expected
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
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Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted diluted income per common share, non-GAAP non-GAAP | $0.21 | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDA non-GAAP | $26.4M | second quarter of 2026 | — |
| Adjusted EBITDA, non-GAAP non-GAAP | $48.47M | Six Months Ended June 30, 2026 | — |
| Adjusted G&A, non-GAAP non-GAAP | $119.28M | Six Months Ended June 30, 2026 | — |
| Adjusted net income, non-GAAP non-GAAP | $10.52M | Six Months Ended June 30, 2026 | — |
| EBITDA, non-GAAP non-GAAP | $13.78M | Six Months Ended June 30, 2026 | — |
| Free cash flows, non-GAAP non-GAAP | -$18.86M | Six Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Medical Devices — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AORT
this stock
Artivion, Inc.
|
$931.88M | -58.1% | +18.0% | — | 7.0% |
|
ABT
Abbott Laboratories
|
$187.95B | -13.4% | +5.7% | 40.5 | 1.1% |
|
MDT
Medtronic plc
|
$131.57B | +7.1% | +8.4% | 25.3 | 1.8% |
|
SYK
Stryker Corp
|
$117.88B | -11.9% | +11.2% | 33.0 | 1.7% |
|
BSX
Boston Scientific Corp
|
$64.27B | -53.5% | +12.5% | 18.8 | 2.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 6, 2026
- This year
- 15
Artivion reported quarterly revenues of $123.8 million for the three months ended September 30, 2026, up 9%, driven primarily by aortic stent grafts and On-X products. Gross margin declined to 61% of revenue from 66%.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AORT | -5.5% | -12.3% | -17.6% | -15.4% | -58.1% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -8.1% | -11.1% | -18.1% | -15.2% | -68.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.