Q3 2025 LivaNova PLC Earnings Call Transcript

Nov 5, 2025 / 01:00 PM GMT

Release Date Price: €46.8 (+3.08%)

Transcript 10-Q8-K

Key Points

Positve

LivaNova PLC (LIVN) reported a 13% organic revenue growth in Q3 2025, driven by strong performance in the cardiopulmonary and epilepsy segments.
The cardiopulmonary segment saw a 16% revenue increase, with heart-lung machine revenue growing over 20% year-over-year.
The company successfully launched the Essence heart-lung machine in China, receiving positive feedback from hospitals and clinicians.
LivaNova PLC (LIVN) increased its full-year 2025 revenue growth forecast for the cardiopulmonary segment to 12.5-13.5%, up from 12-13% previously.
The company reported a significant improvement in cash flow, with a cash balance of $646 million as of September 30, 2025, up from $429 million at the end of 2024.

Negative

The adjusted gross margin decreased to 69% from 70% in the third quarter of 2024, impacted by unfavorable currency changes and product mix.
Third-party component supply constraints are limiting the rapid expansion of manufacturing capacity for cardiopulmonary consumables.
The company faces potential tariff impacts, with an estimated net impact of less than $5 million on adjusted operating income for the full year.
The Q4 2025 guidance appears conservative, with implied flat year-on-year EPS growth, raising concerns about potential gross and operating margin declines.
The rollout of the Essence heart-lung machine in China is expected to be a more meaningful growth driver in 2026, indicating a longer sales cycle.

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

LIVN.OQ - LivaNova PLC
Q3 2025 LivaNova PLC Earnings Call
Nov 05, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day ladies and gentlemen, and welcome to Leva Nova PLC 3rd quarter 225 earnings conference call.

If you'd like to register a question during today's event, please press star one on your telephone keypad.

As a reminder, this conference call is being recorded.

And I'd like to introduce your host for today's conference, Ms. Brianna Gotlin, Levanova's Vice President of investor relations. Please go ahead.

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Unidentified_2 [2]
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Thank you and welcome to our conference call and webcast discussing Lebanova's financial results for the third

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