Boston Scientific’s corporate headquarters in Marlborough, Massachusetts, US. Credit: Boston Scientific Corporation.

Boston Scientific has posted GAAP net income attributable to its common stockholders of $261m or $0.18 earnings per share in Q2 2023, a 6% increase over $246m recorded during the same period last year.

In Q2 2023, the company reported net sales of approximately $3.6bn, witnessing 11% growth on a reported basis, 12% on an operational basis and 11.6% on an organic basis, compared with $3.2bn in the same period in the previous year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

During the quarter, the company’s operating expenses totalled $2.02bn as against the previous year’s expenses of $1.81bn.

Its MedSurg segment posted net sales growth of 9% on a reported basis, as well as 9.6% and 8.8% on an operational and organic basis, respectively during the latest quarter. The cardiovascular saw 12.2% net sales growth on reported and 13.4% operational and organic basis, respectively.

For the first half (H1) of 2023, the company reported net sales of almost $7bn as against $6.2bn in the same period of 2022.

The net income attributable to common stockholders in H1 2023 stood at $561m, as against $342m in H1 2022.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Boston anticipates net sales to see a growth range of approximately 8.5% to 10.5% on a reported basis and 7% to 9% on an organic basis in Q3 2023.

For the full year, it expects net sales to grow approximately 10.5% to 11.5% on a reported basis and roughly 10% to 11% organically.

Boston Scientific chairman and CEO Mike Mahoney said: “We had another quarter of excellent results fueled by our innovative portfolio, strong commercial execution and the high performance of our global team.

“We are excited about our long-term outlook and robust pipeline of unique innovations to address unmet patient needs.”