MCompany Does Not Provide H-1B Sponsorship
Merit Medical Systems develops, manufactures, and distributes disposable medical devices used in interventional, diagnostic, and therapeutic procedures across several specialties, including cardiology, radiology, oncology, critical care, and endoscopy. Its one-time-use devices are designed for hospital procedures and are supported by a global sales and clinical team that provides training and support. Merit differentiates itself with a broad, multi-specialty product portfolio, a worldwide manufacturing and distribution footprint, and strong customer service. The company aims to transform patient care by delivering reliable medical solutions that meet hospitals’ and patients’ needs globally.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
South Jordan, UT
Founded
1987
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Total Funding
$1.7B
Above
Industry Average
Funded Over
3 Rounds
Conestoga Capital Advisors highlighted Merit Medical Systems (NASDAQ: MMSI) in its third-quarter 2026 investor letter. The firm said organic revenue growth accelerated to 9% from 4% in the second quarter, the company's strongest quarterly rate in three years. Merit Medical makes disposable medical devices used in interventional, diagnostic, and therapeutic procedures. It raised its full-year revenue and earnings guidance, and new products and recent acquisitions are broadening its therapeutic portfolio. The stock closed at $93.53 on October 27, 2026, giving it a market capitalisation of $5.58 billion. It is up 6.12% this year and has traded between $59.74 and $94.85 over 52 weeks. Conestoga's Small Cap Composite fell 11.22% in the quarter, trailing the Russell 2000 Growth Index's 9.39% decline.
Merit Medical Systems' shares have surged 22.2% over the past month following stronger second-quarter results and raised guidance. Revenue rose 9.5% year-over-year to $418.8 million, beating estimates by 3.5%. Adjusted earnings of $1.19 per share increased 18% and exceeded expectations by 23.9%. Therapeutic revenues drove growth, advancing 15%, with Cardiac Therapies and Endoscopy up 24% and 29% respectively. Adjusted gross margin expanded 260 basis points to 55.8%, supported by pricing and operational improvements. However, challenges persist. Tariff costs are expected to reach approximately $16 million in 2026, potentially limiting margin expansion. The stock now trades at 20.3 times forward earnings, above its sub-industry multiple of 17.6 times, suggesting much of the growth outlook may already be priced in.
Merit Medical Systems announced that Sheri Lewis will join as Executive Vice President of Global Operations on 31 August 2026. Lewis brings 30 years of experience in global operations, manufacturing, and supply chain management, having previously held senior positions at SkinHealth Systems, Avantor, Medtronic, and Honeywell. Lewis will replace Neil Peterson, who is transitioning to Senior Advisor to ensure continuity until 5 March 2027. Peterson has served Merit for over 32 years, including four years as Chief Operating Officer. Merit Medical, founded in 1987, manufactures medical devices for interventional, diagnostic, and therapeutic procedures. The company employs approximately 7,500 people worldwide.
Merit Medical Systems reported Q2 2026 revenue of $418.8 million, up 9.5% year-on-year and beating analyst estimates of $405.3 million. The medical device company's non-GAAP profit of $1.19 per share exceeded consensus by 24%. The strong performance was driven by recent acquisitions, including Biolife and the C2 CryoBalloon, alongside organic growth in core platforms like Vascular Intervention and Cardiac Therapies. CEO Martha Aronson noted the company achieved its strongest quarterly organic growth in three years. Merit Medical raised its full-year revenue guidance to $1.64 billion at the midpoint, up from $1.62 billion, and lifted adjusted EPS guidance to $4.30. Operating margin expanded to 14.4% from 12.3% year-on-year.
Merit Medical Systems reported second-quarter revenue of $418.8 million, up 10% year-over-year, driven by broad-based demand across its product portfolio. Organic constant-currency growth reached 9%, the company's strongest quarterly performance in three years. Non-GAAP earnings per share increased 18%, whilst free cash flow totalled nearly $52 million. US sales rose 12% to $26.1 million, and international sales grew 5% to $7.3 million. The BioLife acquisition is expected to generate approximately $23 million in annualised revenue for 2026. View Point Medical's OneMark system launched in the US, expanding Merit's oncology market opportunity. Merit raised its 2026 outlook, now expecting 6.9%–7.6% constant-currency revenue growth and non-GAAP EPS of $4.25–$4.35.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
South Jordan, UT
Founded
1987
Find jobs on Simplify and start your career today
We update Merit Medical Systems's jobs every few hours, so check again soon!Browse all jobs