The sharp reduction in adjusted EPS guidance despite a strong quarter signals potential margin pressure or increased spending. Watch Q2 2026 results for confirmation of cost trends. The stock may sell off on the guidance cut, but the underlying revenue momentum suggests any dip could be a buying opportunity if margins stabilize.
Price Chart
Executive Summary
AtriCure reported Q1 2026 revenue of $141.2M (+14.3% YoY) and achieved GAAP net income of $0.1M, beating EPS consensus of -$0.07. However, full-year 2026 adjusted EPS guidance was slashed from $0.09-$0.15 to $0.00-$0.04, overshadowing the strong quarter.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $141.2M, +14.3% YoY (12.8% constant currency)
- Gross margin expanded 246 bps to 77.4%
- GAAP net income $0.1M vs loss of $6.7M YoY; EPS $0.00 vs consensus -$0.07
- Adjusted EBITDA $17.1M, +95% YoY
- FY2026 revenue guidance reaffirmed at $600-$610M
- FY2026 adjusted EPS guidance lowered from $0.09-$0.15 to $0.00-$0.04
Financial Impact
Guidance cut on EPS from $0.09-$0.15 to $0.00-$0.04 implies ~70% midpoint decline; revenue guidance unchanged.
Risk Factors
- Full-year EPS guidance cut significantly lower; margin compression risk
- Selling, general & administrative expenses grew 11% YoY, outpacing revenue growth
- Historical stock reaction to earnings has been negative (last report down -2% at T+20)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001323885-26-000018 |
| Document: atrc-20260505.htm | 0001323885-26-000018 |
| Document: 0001323885-26-000018-index-headers.html | 0001323885-26-000018 |
| Document: 0001323885-26-000018-index.html | 0001323885-26-000018 |
| Document: 0001323885-26-000018.txt | 0001323885-26-000018 |
| 8-K Data (Synthetic) | 0001323885-26-000018 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Insider Cluster | $55.79 $58.32 | ▲ +4.53% | ▲ +2.88% | $55.14 (−1.17%) |
Aug 7, 2026 8w ago | Insider Cluster | $41.39 $44.30 | ▲ +7.03% | ▲ +6.63% | $55.14 (+33.22%) |
Jul 30, 2026 9w ago | Insider Cluster | $40.15 $39.49 | ▼ −1.64% | ▼ −5.27% | $55.14 (+37.33%) |
Jul 30, 2026 9w ago | Insider Cluster | $40.15 $39.49 | ▼ −1.64% | ▼ −5.27% | $55.14 (+37.33%) |
Jul 23, 2026 10w ago | 8-K | $35.04 $40.15 | ▲ +14.58% | ▲ +14.21% | $55.14 (+57.36%) |
Jun 14, 2026 15w ago | Institutional Cluster | $27.98 $28.44 | ▲ +1.64% | ▲ +3.03% | $55.14 (+97.07%) |
Jun 11, 2026 16w ago | Institutional Cluster | $28.41 $27.12 | ▲ +4.54% | ▲ +4.97% | $55.14 (−94.09%) |
May 22, 2026 19w ago | Insider Cluster | $28.29 $26.48 | ▼ −6.40% | ▼ −8.07% | $55.14 (+94.91%) |
May 5, 2026 21w ago | 8-K | $28.01 $26.69 | ▼ −4.71% | ▼ −5.84% | $55.14 (+96.86%) |
Apr 6, 2026 25w ago | DEFA14A | $29.19 $28.66 | ▼ −1.82% | ▼ −5.95% | $55.14 (+88.90%) |
US Market Status
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