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Jun 27, 2020

Masimo Q2 2020 Earnings Report

Masimo's Q2 2020 financial results were announced, revealing a strong increase in product revenue and GAAP net income per diluted share.

Key Takeaways

Masimo reported a 31.0% increase in total revenue to $301.0 million for Q2 2020, with product revenue also up by 31.1%. GAAP net income per diluted share was $0.96, and non-GAAP net income per diluted share was $0.85. Shipments of noninvasive technology boards and instruments reached a record 165,600.

Product revenue increased by 31.1% to $301.0 million.

GAAP net income per diluted share was $0.96.

Non-GAAP net income per diluted share was $0.85.

Shipments of noninvasive technology boards and instruments reached a record 165,600.

Total Revenue
$301M
Previous year: $230M
+31.0%
EPS
$0.85
Previous year: $0.76
+11.8%
Non-GAAP Operating Margin
21.1%
Previous year: 23.1%
-8.7%
Gross Profit
$192M
Previous year: $154M
+24.1%
Cash and Equivalents
$632M
Previous year: $409M
+54.6%
Free Cash Flow
$49.4M
Previous year: $18M
+175.4%
Total Assets
$1.64B
Previous year: $1.23B
+33.0%

Masimo

Masimo

Masimo Revenue by Segment

Forward Guidance

The Company is not providing financial guidance due to the many uncertainties still surrounding COVID-19 and its impact on the Company’s normal business patterns.