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GMED · Globus Medical Inc

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$72.14 -0.16 (-0.22%) At close · Nov 13
Market Cap
$9.56B
Shares
132.47M
Volume · Nov 13 1.55M Avg daily vol (3M) 1.59M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$72.14 Open$72.75 Day$71.72–73.45 52W close$71.05–96.82 Avg vol 30d1.9M Short int9.5M · 7.1% of shares · 8.1d Short vol59% Last earningsNov 5, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 5

Up next

Feb 23, 2027 Est · unconfirmed · in 14 wks

Latest documents

2026
Nov 5
Earnings call
Revenue guidance cut to $3.09 billion amid Nevro pressure

Globus Medical cut full-year 2026 revenue guidance to $3.09 billion, citing Nevro pressure and limited new-product contribution. Third-quarter revenue was $763.7 million, down 0.7%, while non-GAAP EPS was $1.23 and free cash flow reached a record $225 million.

4 source passages
At this time, Globus Medical is adjusting its full-year 2026 revenue guidance downward to $3.09 billion, compared to our previous guidance of $3.18 to $3.22 billion. We expect short-term top line pressure from the Nevro business and limited impact in 2026 from newly launched products. Our third quarter results totaled $763.7 million, declining 0.7% on an as-reported basis and declining 0.5% on a constant currency basis, reflecting the continued impacts of our right-sizing of Nevro, the timing of delayed new product launches within U.S. Spine, and lower contributions from competitive recruiting. Non-GAAP EPS was $1.23, growing 4% over the prior year quarter, while free cash flow was a record $225 million, despite a 13% increase in capital expenditures. Open the document at this passage
Nov 5
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Nine-month sales rise 9.5%, quarterly sales slip 0.7%

Globus Medical reported nine-month net sales growth of 9.5%, while third-quarter sales fell 0.7%. Operating cash flow rose to $677,332 in thousands, and the company had no borrowings under its $400.0 million revolving facility.

Revenue $763.72M ▼ 0.7% Net income $141.17M ▲ 18.7% Diluted EPS $1.04 ▲ 18.2%
Read from the MD&A section
6 source passages
Globus Medical, Inc. Total net sales | 2,313,185 | 2,112,511 | 200,674 | 9.5% Total net sales | 763,719 | 769,048 | (5,329) | (0.7%) Net cash provided by/(used in) operating activities | 677,332 | 504,860 | 172,472 that provides a revolving credit facility permitting borrowings up to $400.0 million and has a termination date of September 27, 2028. As of September 30, 2026, we had no outstanding borrowings under the September 2023 Credit Agreement and we were in compliance with all covenants. Open the document at this passage
Nov 5
Current report 8-K
Sales fell 0.7%; buyback increased $500 million

Globus Medical reported third-quarter net sales of $763.7 million, down 0.7%, GAAP net income of $141.2 million and diluted EPS of $1.04. It increased its share repurchase authorization by $500 million and cut full-year 2026 revenue guidance to $3.09 billion.

Financial results, Other events
6 source passages
Globus Medical Reports Third Quarter 2026 Results and Announces a $500 Million Increase to the Share Repurchase Program •Worldwide net sales were $763.7 million, a decrease of 0.7%, or a decrease of 0.5% on a constant currency basis. •GAAP net income for the quarter was $141.2 million. •GAAP diluted earnings per share (“EPS”) was $1.04, an increase of 18.2%. On November 2, 2026, our Board of Directors authorized the Company to repurchase an additional $500 million of shares of its common stock under our existing share repurchase program (the “Repurchase Program”), which does not have an expiration date. The Company is updating its guidance for full-year 2026 revenue to $3.09 billion from the previous range of $3.18 billion to $3.22 billion, representing 5.1% revenue growth as compared to fiscal 2025. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$3.14B
Trailing 12 months
Net income (TTM)
$557.64M
Trailing 12 months
Revenue growth YoY
-0.7%
Year over year
Operating margin
21.6%
Trailing 12 months
P / E (TTM)
17.8
Trailing earnings · reciprocal yield 5.6%
FCF yield
8.0%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$517.43M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.5%
Year over year · more shares
Price change (1Y)
-14.1%
Trailing year
Short interest
7.1%
Latest settlement · 8.1 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26

TL;DR. Globus Medical delivered Q2 2026 sales of $789.6M (+5.9% reported), with U.S. spine up 7% and international spine up 14%, while reaffirming full-year revenue guidance at $3.18B-$3.22B and raising non-GAAP EPS guidance to $4.95-$5.05 from $4.70-$4.80.

Bullish
  • + Q2 revenue grew 5.9% to $789.6M with non-Nevro base business up 9%, led by U.S. spine (+7%) and international spine (+14% as reported)
  • + Non-GAAP diluted EPS rose 55.8% to $1.34 and adjusted EBITDA margin expanded 740 bps to 35.4%
  • + Raised full-year 2026 non-GAAP EPS guidance to $4.95-$5.05 from $4.70-$4.80, implying 24.4%-26.9% growth over 2025
  • + Adjusted gross margin expanded 200 bps to 69.4%, marking seventh consecutive quarter of expansion
  • + Deployed $136.1M to repurchase 1.6M shares, with $253.9M remaining under authorization
Bearish
  • − Enabling Technologies revenue declined 25.8% to $26.1M due to shift toward flexible capital acquisition models
  • − GAAP diluted EPS declined 26.2% to $1.10 and GAAP net income fell 25.3% to $151.6M, primarily due to prior-year bargain purchase gain
  • − Full-year 2026 revenue guidance was reaffirmed rather than raised despite Q2 beat

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Strong Sell Momentum Very Weak Sentiment Neutral Fundamentals Excellent Quant / Vol High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Sell
50 / 200-day cross No cross
Price vs 200-day avg −13%
below
Price vs 50-day avg −6%
below
RSI (14) 42
neutral
MACD trend Negative
52-week position 4%
near low
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Weak
1-month return −6%
trailing
6-month return −15%
trailing
YTD return −17%
this year
Relative strength −16%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $77 › 200d $83 — 200d above 50d
Institutional flow Accumulating
560 of 609 funds reported for Sep 30 · net +1.5M sh shares · +64 new
Insider flow Distributing
Net -$7.5M over 90 days · 100% sells
Short interest Rising
7.14% of shares out · ▲ +15.5% MoM · 8.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
609 holders — near 3-yr high, broad support
Squeeze score 67
elevated · 0–100
Fundamentals
Excellent
Revenue growth +17%
Y/Y
Gross margin 35%
expanding
EPS growth +423%
Y/Y
Free cash flow $588.8M
Valuation P/E 17.8
below peers
Buyback $611.0M
remaining
Quant / Vol
risk profile
High
Volatility 38%
annualized · 1-yr
Max drawdown −27%
past year
ATR 4.7%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 4 of last 5
Latest guidance · from the Earnings Call filed Aug 6, 2026
full year 2026
Full year 2026 revenue guidance Maintained $3.18B – $3.22B
May 7, 2026 $3.18B – $3.22B changed to Aug 6, 2026 $3.18B – $3.22B
prior FY $2.94B midpoint +8.9% Y/Y
2026
Non-GAAP fully diluted earnings per share Non-GAAP Raised $4.95 – $5.05
May 7, 2026 $4.70 – $4.80 changed to Aug 6, 2026 $4.95 – $5.05
Non-GAAP tax rate Non-GAAP 23% – 24%
Adjusted gross profit margin Non-GAAP Maintained 69% – 70%
May 7, 2026 69% – 70% changed to Aug 6, 2026 69% – 70%
Previous outlook earlier release · from the Earnings Call filed May 7, 2026

Still-open targets the latest release did not restate under the same label.

R&D expense · 2026 5% – 6%
R&D expense as a percent of net sales · 2026 5% – 6%
Guided vs delivered · last 5 settled
Worldwide net sales (full-year 2025) full-year 2025
guided $2.86B – $2.9B
$2.94B Beat +2.0%
Worldwide net sales full year 2024
guided $2.47B – $2.49B
$2.52B Beat +1.6%
Full year fiscal 2023 revenue full year fiscal 2023
guided $1.55B
$1.57B Beat +1.2%
Net sales full year 2022
guided $1.03B
$1.02B Miss −0.2%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Sell
4 · 3 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−13% Bearish
Price vs 50-day avg
−6% Bearish
RSI (14)
42 Neutral
MACD trend
Negative Bearish
52-week position
4% Bearish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $77 › 200d $83 — 200d above 50d
Institutional flow Accumulating
560 of 609 funds reported for Sep 30 · net +1.5M sh shares · +64 new
Insider flow Distributing
Net -$7.5M over 90 days · 100% sells
Short interest Rising
7.14% of shares out · ▲ +15.5% MoM · 8.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
609 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $71 Now $72 · 4% Range high $97
vs 200-day avg -13% vs 50-day avg -6%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted EBITDA non-GAAP 525.14M Six Months Ended June 30, 2026 —
Adjusted EBITDA as a percentage of net sales non-GAAP 33.9% Six Months Ended June 30, 2026 —
Adjusted Gross Profit non-GAAP 1.07B Six Months Ended June 30, 2026 —
Adjusted Gross Profit % of Net Sales non-GAAP 69.3% Six Months Ended June 30, 2026 —
Constant Currency Net Sales Growth non-GAAP 14.5% Six Months Ended June 30, 2026 —
Free cash flow non-GAAP 339.32M Six Months Ended June 30, 2026 —
Non-GAAP diluted earnings per share non-GAAP $2.46 Six Months Ended June 30, 2026 —
Non-GAAP net income non-GAAP 339.19M 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
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
GMED
Globus Medical Inc
this stock
$9.56B -17.4% +16.7% 17.8 7.1%
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
Ownership
Institutional Holders Accumulating
Holders
631
% held
91.3%
Reported
560 of 609
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
518
View
Short & Settlement
Short Interest Rising
Shares short
9.5M
Days to cover
8.1d
Change
+1.3M sh
View
Short Volume
Short vol %
59%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
1.8K
Value
$136.7K
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
44.3%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$7.5M
Buyers / Sellers
0 / 2
Buyers Sellers
View
Congressional Trades Buy
Member
Gilbert Cisneros
Amount
$1.0K–$15.0K
Traded
Sep 3, 2026
View
Financials
Financials
Revenue (FY)
$2.9B
Net income (FY)
$537.9M
EPS diluted
$3.92
View
Buybacks
Remaining
$611.0M
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 5, 2026
This year
14

Globus Medical reported third-quarter net sales of $763.7 million, down 0.7%, GAAP net income of $141.2 million and diluted EPS of $1.04. It increased its share repurchase authorization by $500 million and cut full-year 2026 revenue guidance to $3.09 billion.

View
Proposed Sales
Value
$3.1M
Shares
41.7K
Filed
Nov 10, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 18, 2026
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
Globus Medical Acquires Synaptive…
Published
Nov 3, 2026
Upcoming events
1
View

Performance

5D 20D 120D MTD YTD
GMED +1.5% -6.0% -15.2% -7.6% -17.4%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -1.1% -4.8% -15.7% -7.4% -28.0%

Capital returns

Buyback program · as of Nov 2, 2026
Authorized
—
Spent (derived)
—
Remaining
$611.00M

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.

Key facts CIK 1237831 CUSIP 379577208 13F (30d) 507 filings 469 filers Visit website Investor relations