Inspire Medical Systems reports Q3 2026 earnings beat and raises full‑year EPS guidance

Inspire Medical Systems posted Q3 2026 revenue of $206.7 million, topping estimates by about 1%. Adjusted earnings were $0.14 per share, beating consensus forecasts by $0.05. The company reaffirmed its FY 2026 revenue outlook of $850‑$860 million and lifted adjusted EPS guidance to $1.30, a 4% increase. Management highlighted a new Category I CPT code for the Inspire V device and ongoing investments to improve patient flow.

The earnings beat and higher EPS guidance suggest stronger profitability than analysts expected, which may support a higher valuation for INSP. The new CPT code and coding updates could ease reimbursement pressures, potentially boosting future sales.

  • 1Q3 2026 revenue was $206.7 million, exceeding estimates by 1.1%.
  • 2Adjusted EPS for Q3 2026 was $0.14, beating estimates by $0.05.
  • 3Full‑year 2026 revenue guidance remains $850‑$860 million.
  • 4Adjusted FY 2026 EPS guidance was raised to $1.30, a 4% increase.
  • 5Operating margin declined to -13.9% year‑on‑year.
  • 6Management cited a new Category I CPT code for Inspire V effective Jan 1 2028.

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