Establishment Labs Holdings Inc (NAS:ESTA)
$ 87.06 +1.25 (+1.46%) Market Cap: 2.56 Bil Enterprise Value: 2.76 Bil PE Ratio: 0 PB Ratio: 174.12 GF Score: 75/100

Q1 2026 Establishment Labs Holdings Inc Earnings Call Transcript

May 6, 2026 / 12:30 PM GMT
Release Date Price: $74.54 (+5.00%)

Key Points

Positve
  • Establishment Labs Holdings Inc (ESTA) reported a strong start to 2026 with $59.9 million in revenue, marking a 45% growth over Q1 2025.
  • The U.S. business showed exceptional performance with a 216% revenue growth over Q1 2025, driven by the successful launch of the Motiva platform.
  • The company's minimally invasive platform generated $9.1 million in revenue, indicating strong market acceptance.
  • Gross margin improved by 350 basis points to 70.7%, reflecting operational efficiency and higher-margin product sales.
  • Establishment Labs Holdings Inc (ESTA) raised its full-year revenue guidance to $266.5 million to $268.5 million, up from the previous range of $264 million to $266 million, demonstrating confidence in continued growth.
Negative
  • Despite strong growth, the company remains cautious due to geopolitical uncertainties and is conservative in its business forecasts.
  • SG&A expenses increased by $3.9 million, primarily due to higher sales-related costs and foreign exchange impacts.
  • Cash decreased by $7.5 million during the quarter, driven by investments in the U.S. market, indicating ongoing financial pressures.
  • The company has not yet finalized a long-term agreement with its silicone supplier, Nusil, which could impact future cost structures.
  • The minimally invasive platform, while promising, is still in early stages of adoption in the U.S., and its long-term impact on market share remains uncertain.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ESTA.OQ - Establishment Labs Holdings Inc
Q1 2026 Establishment Labs Holdings Inc Earnings Call
May 06, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. Welcome to Establishment Labs First Quarter 2026 Earnings Call.

At this time, all participants will be in listen-only mode.

At the end of this call, we will open the line for a question-and-answer session, and instructions will follow at that time.

As a reminder, today's call is being recorded. I will now turn the call over to Malavika William. Global Head of Corporate Communications and Marketing. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and thank you, everyone, for
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