Inspire Medical Systems Lowers FY2026 Revenue Guidance After CMS Coding Clarification, Oppenheimer Says

MT Newswires Live02-13 00:46

Inspire Medical Systems (INSP) revised its fiscal 2026 revenue guidance lower after the coding clarification by the Centers for Medicare & Medicaid Services regarding incorrect current procedural terminology coverage for hypoglossal nerve stimulation, Oppenheimer said Thursday.

Inspire Medical revised its fiscal 2026 revenue guidance to $950 million to $1 billion from $1.003 billion to $1.013 billion previously, versus Oppenheimer's estimate of $988 million and market consensus of $1.006 billion. The company estimates diluted earnings per share between $1.23 to $1.81, the report said.

Oppenheimer said a new billing code for the company's Inspire V sleep apnea treatment could take at least three years to take effect, and it remains unclear how the billing modifier could impact reimbursements. Maintaining Inspire V inventory is also a challenge, the report said.

Oppenheimer maintained a perform rating on Inspire Medical without a price target.

Shares of the company were down by more than 11% in recent trading.

Price: 60.44, Change: -7.77, Percent Change: -11.39

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