Q1 2026 Establishment Labs Holdings Inc Earnings Call Transcript

May 6, 2026 / 12:30 PM GMT

Release Date Price: $74.54 (+5.00%)

Transcript 10-Q8-K

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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