Integer Holdings Corporation (NYSE:ITGR) reported second-quarter 2026 results on Monday that came in ahead of analyst expectations, while also announcing a definitive agreement to be acquired by KKR in an all-cash transaction.
The medical device outsourcing specialist saw its shares rise 2.43% in pre-market trading following the earnings release and acquisition announcement.
Earnings and Revenue Exceed Expectations
For the quarter ended July 3, 2026, Integer reported adjusted earnings of $1.60 per share, exceeding Wall Street’s consensus estimate of $1.51 by $0.09.
Revenue totaled $464 million, modestly ahead of analysts’ forecast of $461.38 million. However, sales were down 2.6% from $476.5 million in the same quarter last year, while organic revenue declined 1.5%.
KKR Agrees to Acquire Integer
Alongside its quarterly results, Integer announced that it has signed a definitive agreement to be acquired by KKR.
The transaction values the company at $127 per share in cash, representing an enterprise value of approximately $5.7 billion.
Segment Performance Mixed During the Quarter
Revenue from the Cardio & Vascular segment declined 2% year over year to $280 million.
The company said the decrease reflected the previously disclosed impact associated with two new Electrophysiology products.
Meanwhile, the Cardiac Rhythm Management & Neuromodulation business recorded 1% sales growth to $174 million, although gains were partially offset by the effect of one new Neuromodulation product.
Sales in the Other Markets segment fell to $10 million from $18 million a year earlier, primarily due to the company’s exit from the Portable Medical business.
Profitability Softens Despite Earnings Beat
Adjusted EBITDA came in at $95 million, down 4% from $99 million in the second quarter of 2025.
GAAP diluted earnings per share from continuing operations declined to $0.69, compared with $1.04 in the prior-year period.
Company Withdraws Guidance
In light of the pending acquisition by KKR, Integer withdrew its previously issued financial guidance and canceled its scheduled earnings conference call.
As of July 3, 2026, total debt stood at $1.238 billion, an increase of $53 million compared with year-end 2025. The company’s leverage ratio was 3.2 times adjusted EBITDA.
Integer Holdings stock price
