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Jun 30, 2023
DexCom Q2 2023 Earnings Report
Reported a 25% revenue increase and raised 2023 revenue and margin guidance.
Key Takeaways
DexCom reported strong second-quarter results with a 25% increase in revenue to $871.3 million. The company also raised its full-year 2023 revenue and margin guidance, reflecting confidence in its growth trajectory and market opportunity.
Revenue grew 25% versus the same quarter of the prior year to $871.3 million.
U.S. revenue growth of 21% and international revenue growth of 38%.
GAAP operating income of $128.1 million or 14.7% of revenue.
Completed a $1.25 billion senior convertible notes offering.
DexCom
DexCom
DexCom Revenue by Segment
DexCom Revenue by Geographic Location
Revenue by Segment
Sensor and other Revenue
CapyFin.comHardware Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The company is increasing fiscal year 2023 guidance for revenue, Non-GAAP Gross Profit Margin, Non-GAAP Operating Margin, and Adjusted EBITDA Margin at the following levels:
Positive Outlook
- Revenue of approximately $3.500 - 3.550 billion (20-22% growth)
- Non-GAAP Gross Profit Margin of approximately 63%
- Non-GAAP Operating Margin of approximately 17%
- Adjusted EBITDA Margin of approximately 26.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income