Full-Time
Develops musculoskeletal implants and enabling technologies
No salary listed
Sydney NSW, Australia
In Person
On-site role in Seven Hills, New South Wales; remote work not available.
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Globus Medical makes medical devices for musculoskeletal issues, especially spine, orthopedic, and neurosurgical care. Its products fall into two groups: Musculoskeletal Solutions with implantable devices, biologics, and surgical instruments, and Enabling Technologies with imaging, navigation, and robotics that help plan, guide, and analyze surgeries. The company stands out by offering an integrated platform that combines implants with enabling technologies to improve surgical precision and outcomes. Its goal is to help patients recover from musculoskeletal problems while expanding its product lines and geographic reach.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Lower Providence Township, Pennsylvania
Founded
2003
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Health Insurance
Professional Development Budget
Globus Medical reported second-quarter 2026 non-GAAP earnings per share of $1.34, beating the $1.12 consensus estimate. Revenue of $789.61 million also exceeded expectations of $786.86 million. The company raised full-year EPS guidance to $4.95-$5.05 from $4.70-$4.80 but maintained revenue guidance at $3.18-$3.22 billion. Second-quarter revenue grew 6% overall and 9% excluding Nevro, driven by 7% US Spine growth and 14% International Spine growth. Adjusted gross margin improved to 69.4%, up 200 basis points year-over-year. Adjusted EBITDA margin rose to 35.4% from 28.0%. Management cited Nevro and Enabling Technologies as potential risks to second-half performance. Enabling Technologies revenue fell 25.8% to $26.1 million as the company shifted towards flexible capital-acquisition options.
Globus Medical reported second quarter 2026 worldwide net sales of $789.6 million, up 5.9% year-over-year, or 5.6% on a constant currency basis. GAAP diluted earnings per share fell 26.2% to $1.10, primarily due to a $110.5 million bargain purchase gain from the Nevro acquisition in the prior year quarter. However, non-GAAP diluted EPS rose 55.8% to $1.34. US spine sales grew 7%, whilst international spine sales increased 14% as-reported and 12% on a constant currency basis. Excluding Nevro, overall revenue growth was 9%. The musculoskeletal technology company reaffirmed full-year 2026 revenue guidance of $3.18 billion to $3.22 billion. It raised its non-GAAP fully diluted EPS guidance to $4.95 to $5.05 from the previous range of $4.70 to $4.80.
Globus Medical reported strong first-quarter 2026 results, with revenue climbing 27% year-over-year to nearly $760 million and earnings per share rising to $1.12 from 68 cents, both exceeding analyst expectations. The $11 billion medical device company, which designs implantable devices and surgical instruments for spinal disorders, attributes growth to expanding market share, operational discipline, and dozens of new product launches. The company's US business has posted three consecutive quarters of at least 10% growth, whilst its international segment and enabling technologies division are also expanding. Following the strong performance, Globus raised its full-year EPS guidance by 30 cents to a range of $4.70-$4.80. The firm continues receiving FDA clearances to expand its product lineup.
Globus Medical shares rose 5.1% to $79.23 following strong first-quarter 2026 results. The medical device company posted adjusted earnings per share of $1.12 and revenues of $759.9 million, both exceeding Zacks Consensus Estimates. The company is expected to report quarterly earnings of $1.12 per share in its upcoming report, representing a 30.2% year-on-year increase. Revenues are forecast at $787.34 million, up 5.6% from the previous year. The consensus EPS estimate has been revised 2.5% higher over the past 30 days. Globus Medical currently carries a Zacks Rank #2 (Buy). The stock has declined 10.3% over the past four weeks despite the recent surge.
Madison Small Cap Fund has sold its entire position in Globus Medical, Inc. (NYSE:GMED) after several years, citing valuation concerns as the company's market capitalisation reached $12 billion, according to its Q1 2026 investor letter. The fund sold at approximately $90 per share, above its intrinsic value estimate of $85. Globus Medical has successfully integrated its Nuvasive acquisition and continues strong adoption of its robotics platform. Madison said it will redirect capital towards smaller alternatives. In Q1 2026, Globus Medical generated revenue of $759.9 million, up 27% year-over-year. The company's market capitalisation now stands at $10.93 billion, with shares gaining 36.71% over the past 52 weeks. Hedge fund ownership increased to 52 funds in Q1 from 42 in the previous quarter.