TFX NYSE Russell 1000 Earnings call
Teleflex (TFX) · Q2 2026 results and valuation
Share price: $156.33 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 6 Aug 2026 and 7 May 2026
Net income turned to a profit from a loss last quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Turned profit
Net income vs Q1 2026
Outlook given
Net income 99.7M vs -8.2M
Revenue +4.0%
2 · How management spoke
Typical
Less upbeat than 54% of company calls
Answers to analysts: restrained, in line with the script.
Similar to last call.
3 · What stood out
Key theme
TFX repurchased approximately 1.9 million shares for $250 million through open market transactions, which serves as an accelerated share repurchase…
Valuation
Is Teleflex undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
The projected cash flow doesn't cover the debt, so the price is far above the model's fair value.
Current price
$156.33
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
out of range for 10 yrs
Fair value / share
$-69.54
Buy below
$-52.16
Price vs fair value
n/a
Price vs buy-below price
n/a
Management expects
Revenue +5% · from the Q2 2026 report: “2026 revenue growth guidance was reduced to 3.5% to 4.5% from the previous 4.5% to 5.5%.”
A guidance figure for revenue, usually one year ahead, not a 10-year free-cash-flow rate.
Read between the lines
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Guidance
2026 revenue growth guidance was reduced to 3.5% to 4.5% from the previous 4.5% to 5.5%.
Source quote
“We now expect pro forma adjusted constant currency revenue growth for 2026 to be in a range of 3.5% to 4.5% as compared to 4.5% to 5.5% previously.”
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Guidance
The company anticipates 2027 will reflect the underlying business by building a clearer financial profile with significant improvements in adjusted margins and interest expense.
Source quote
“Therefore, we anticipate 2027 will be more reflective of the underlying business, ultimately building a clearer financial profile with significant improvements in adjusted margins, interest expense and adjusted...”
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Figure
As announced early this week, Teleflex has successfully closed the OEM divestiture which resulted in proceeds of approximately $1.5 billion…
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Additionally, recent positive innovation milestones with EZPLAZ and Freesolve highlight our increased focus on future growth opportunities.”
“I look forward to partnering with the leadership team and our employees to build upon the strong foundation that's already in place and continue advancing Teleflex's transformation into a more...”
“I see meaningful opportunities to gain share, expand geographically and bring new products to market including through our innovation pipeline, which features differentiated products like Freesolve.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 570.3M | 548.3M | +4.0% | 442.5M | +28.9% |
| Gross profit | 331.7M | 307.4M | +7.9% | 265.8M | +24.8% |
| Operating income | 72.8M | 20.2M | +260.8% | 91.1M | −20.1% |
| Net income | 99.7M | -8.2M | Turned profit | 122.6M | −18.7% |
| EPS | 2.28 | -0.18 | Turned profit | 2.77 | −17.7% |
| P/E | 12-mo loss | 12-mo loss | — | 27.8 | — |
Topics
Most discussed now
- As you can imagine, as being new to the role, I want to reassess how and Teleflex's ability to go...
- New Looking forward, Teleflex sees opportunities to improve upon that a state operating margin through operating leverage associated with…
- New What I can tell you is that when I took this role, I got countless numbers of messages, text messages...
- New The next steps for that are procurement solicitation with the Department of War, then Teleflex has to negotiate contract then...
- New Those guidelines state that you should only use bioabsorbable scaffolds in a clinical trial setting.
Faded since Q1 2026
- Fading The 470 basis point decrease year-over-year was primarily due to the adverse impact of tariffs, quality remediation charges primarily…
- Fading The first quarter performance is aligned with Teleflex's mid-single-digit growth profile aspirations and represents a strong reflection…
Latest announcements
Official filings, newest first.
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Other events · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Acquisition or disposal; Regulation FD disclosure · SEC 8-K
- Material agreement; New financial obligation · SEC 8-K
- Director or officer change · SEC 8-K
- Other events · SEC 8-K
- Regulation FD disclosure; Other events · SEC 8-K