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¿ìè's diversified healthcare leadership fuels Q2 results

With a portfolio spanning the continuum of healthcare, ¿ìè delivers growth as we broaden access to our life-changing products.

Strategy and Strength|July 17, 2025

Halfway through 2025, ¿ìè is on track with our key priorities and well-positioned to deliver on our financial commitments. Steady performance across multiple key business segments contributed to our second-quarter results.

Worldwide sales for the quarter totaled $11.1 billion, up 7.5% on an organic basis1 for the underlying base business2 (7.4% reported). Sales growth was led by a 12% organic increase in Medical Devices (13.4% reported), which delivered its 10th consecutive quarter of double-digit growth. Diabetes Care sales increased 19% on an organic basis (20.2% reported), with 25% organic growth in the U.S. Medical Devices sales were also boosted by double-digit growth in Heart Failure, Structural Heart, and Electrophysiology.

Established Pharmaceuticals sales increased almost 8% on an organic basis (6.9% reported), with double-digit increases in several countries across Asia, Latin America and the Middle East. Strong demand for Ensure and Glucerna fueled more than 6% organic growth in Adult Nutrition (6.1% reported), leading overall Nutrition sales performance.

Adjusted diluted earnings per share (EPS) was $1.26, reflecting double-digit growth compared to the prior year (GAAP diluted EPS was $1.01). We narrowed our full-year 2025 adjusted diluted EPS guidance3 range to $5.10 to $5.20, which reflects double-digit growth at the midpoint of $5.15. ¿ìè projects full-year 2025 organic sales growth, excluding COVID-19 testing-related sales, to be 7.5% to 8.0% or 6.0% to 7.0%, when including COVID-19 testing-related sales.

During the second quarter, we continued to advance our pipeline with purpose, delivering on our mission to broaden the impact of our breakthrough technologies. Notable milestones include:

  • Completed enrollment in the U.S. IDE trial for the TactiFlexâ„¢ Duo Pulsed Field Ablation (PFA) System—which is being evaluated for the treatment of patients with heart rhythm disorders such as atrial fibrillation.
  • Announced clinical data from the feasibility study—the world's first evaluation of a leadless pacemaker capable of delivering conduction pacing that closely mimics the heart's natural rhythm.
  • Received FDA approval for our —the first device of its kind designed to replace the mitral valve without the need for open-heart surgery.
  • Initiated development of a new cardiovascular device manufacturing facility—located in the state of Georgia to be completed by 2028.

For full financial data and reconciliation of non-GAAP measures, you can read ¿ìè’s full .

For more information, view a summary of ¿ìè’s earnings highlights and download it here.

References

1 Organic sales growth excludes the impact of foreign exchange and the impact of discontinuing the ZonePerfect® product line in the Nutrition business.
2 Excludes the impact of COVID-19 testing sales.
3 ¿ìè has not provided the related GAAP financial measures on a forward-looking basis for these forward-looking non-GAAP financial measures because the company is unable to predict with reasonable certainty and without unreasonable effort the timing and impact of certain items such as restructuring and cost reduction initiatives, charges for intangible asset impairments, acquisition related expenses, and foreign exchange, which could significantly impact ¿ìè’s results in accordance with GAAP. 

Forward-Looking Statements

Some statements in this news release may be forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. ¿ìè cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Economic, competitive, governmental, technological and other factors that may affect ¿ìè's operations are discussed in Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended Dec. 31, 2024, and are incorporated herein by reference. ¿ìè undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

Important safety information

For U.S. important safety information about Tendyne, visit .