LivaNova (LIVN) Q3 FY2026 earnings: revenue $393 million, up 9.9% on the year

LivaNova plc (LIVN) reported revenue of $393 million for Q3 FY2026, the quarter ended 30 September 2026, up 9.9% on the same quarter a year earlier. Net income was $34 million, up 28.0% on the year, and diluted earnings per share $0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$393 million

+9.9% on the year · +0.7% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

7.2%

15.1% a year earlier

Q4 FY2024Q3 FY2026

Net income

$34 million

+28.0% on the year · -68.4% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.11

-77.6% on the year · -94.3% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 3 kept.

Revenue rose 9.9 percent: Third-quarter revenue was $393.1 million, up 9.9% on a reported basis and 10.0% on a constant-currency basis from $357.8 million a year earlier.
GAAP operating income declined: On a U.S. GAAP basis, third-quarter operating income was $28.4 million, against $54.0 million a year earlier.
Oxygenator line began operation: Management said the new oxygenator manufacturing line reached operational production, an important step in expanding capacity to address customer demand.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	393	391	358	+0.7%	+9.9%
Cost of revenue	128	117	113	+9.6%	+13.5%
Gross profit	265	274	245	-3.1%	+8.2%
Gross margin	67.4%	70.1%	68.4%
Research and development	47.7	53.7	48.6	-11.1%	-1.8%
Selling, general and administrative	155	158	139	-2.0%	+11.8%
Operating income	28.4	49.5	54.0	-42.6%	-47.4%
Operating margin	7.2%	12.7%	15.1%
Interest expense	8.0	7.2	10.9	+10.8%	-26.8%
Pre-tax income	46.8	18.5	33.9	+153.1%	+37.9%
Income tax	12.4	-90.2	7.1		+74.2%
Effective tax rate	26.5%	-488.1%	21.0%
Net income	34.3	109	26.8	-68.4%	+28.0%
Net margin	8.7%	27.8%	7.5%
Diluted EPS	$0.11	$1.93	$0.49	-94.3%	-77.6%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	73.7	66.6	85.1	+10.6%	-13.4%
Capital expenditure	30.8	31.6	22.9	-2.5%	+34.5%
Free cash flow	42.9	35.0	62.2	+22.4%	-31.0%
Free cash flow margin	10.9%	9.0%	17.4%
Cash from investing	-23.1	-31.9	-23.1
Cash from financing	-2.9	-56.4	-9.4
Depreciation and amortisation	15.5	15.4	12.2	+0.5%	+26.5%
Share-based compensation	14.6	16.9	9.9	-13.8%	+46.3%
Diluted shares, weighted	57m	56m	55m	+1.9%	+4.0%
Shares outstanding at period end	55m	55m	55m	+0.1%	+0.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	1,372	1,325	1,157	+3.5%	+18.6%
Debt	299	293	434	+1.9%	-31.2%
Operating lease liabilities	48.8	49.7	43.1	-1.8%	+13.3%
Other liabilities	993	972	923	+2.1%	+7.6%
Total liabilities and equity	2,713	2,641	2,558	+2.7%	+6.1%
Fixed assets	293	273	219	+7.3%	+34.2%
Goodwill	779	779	791	-0.0%	-1.5%
Intangible assets	211	217	235	-2.9%	-10.1%
Investments	16.8	15.3	n/a	+10.0%
Cash and equivalents	563	517	646	+9.1%	-12.8%
Receivables	236	231	212	+2.2%	+11.7%
Inventory	178	173	168	+3.1%	+6.2%
Other assets	436	436	288	+0.0%	+51.1%
Total assets	2,713	2,641	2,558	+2.7%	+6.1%

Questions

What was LivaNova's revenue in Q3 FY2026?

LivaNova (LIVN) reported revenue of $393 million for Q3 FY2026, the quarter ended 30 September 2026, up 9.9% on the same quarter a year earlier.

How much did LivaNova earn in Q3 FY2026?

Net income for Q3 FY2026 was $34 million, up 28.0% on the year, and diluted earnings per share $0.11.

When did LivaNova report Q3 FY2026 results?

LivaNova filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 * †	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025 * †	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	270	240	254	253	275	263	294	286	310	295	319	318	322	317	353	358	361	362	391	393
Cost of revenue	68.4	71.7	69.8	81.7	91.4	89.3	88.7	84.3	120	91.7	104	97.1	107	101	114	113	121	119	117	128
Gross profit	202	168	184	171	184	174	205	202	190	203	215	221	214	216	239	245	240	244	274	265
Gross margin	75%	70%	73%	68%	67%	66%	70%	71%	61%	69%	67%	69%	67%	68%	68%	68%	66%	67%	70%	67%
R&D	44.1	40.9	34.2	35.7	44.9	50.0	51.1	46.5	46.2	45.7	44.7	48.8	43.3	37.9	47.2	48.6	52.1	58.7	53.7	47.7
SG&A	124	119	116	115	120	124	126	135	133	126	125	127	131	129	138	139	143	144	158	155
Operating income	24.8	9.5	31.8	-132	14.0	-2.3	17.4	4.5	-88.0	16.2	40.2	35.6	37.0	48.6	54.2	54.0	42.6	41.5	49.5	28.4
Operating margin	9%	4%	12%	-52%	5%	-1%	6%	2%	-28%	6%	13%	11%	12%	15%	15%	15%	12%	11%	13%	7%
Interest expense	6.3	7.8	14.4	12.7	13.4	13.4	14.8	15.0	15.6	15.9	15.5	15.9	15.8	15.3	12.3	10.9	10.9	8.3	7.2	8.0
Pre-tax income	-6.4	5.6	19.0	-106	6.4	9.8	5.3	-2.0	-94.3	-34.2	21.6	44.4	56.5	-316	33.3	33.9	27.6	27.5	18.5	46.8
Tax rate	n/a	46%	13%	n/a	74%	24%	78%	n/a	n/a	n/a	24%	26%	1%	n/a	18%	21%	-12%	16%	-488%	27%
Net income	-5.1	3.0	16.4	-107	1.7	7.4	1.2	-7.3	16.3	-41.9	16.3	33.0	55.9	-327	27.2	26.8	30.9	22.3	109	34.3
Net margin	-2%	1%	6%	-42%	1%	3%	0%	-3%	5%	-14%	5%	10%	17%	-103%	8%	7%	9%	6%	28%	9%
Diluted EPS	-$0.10	$0.06	$0.30	-$2.01	$0.03	$0.14	$0.02	-$0.14	$0.30	-$0.78	$0.30	$0.60	$1.02	-$6.01	$0.50	$0.49	$0.56	$0.40	$1.93	$0.11
Operating cash flow	33.5	25.8	-10.2	35.6	18.7	20.8	-17.9	18.1	54.0	10.0	43.4	51.0	78.7	24.0	62.9	85.1	82.4	15.2	66.6	73.7
Capital expenditure	7.6	5.2	6.1	6.0	9.1	7.7	5.7	8.7	12.9	6.4	12.2	18.1	10.4	10.8	15.1	22.9	32.2	14.3	31.6	30.8
Free cash flow	25.9	20.6	-16.4	29.6	9.6	13.1	-23.6	9.4	41.0	3.6	31.2	32.8	68.3	13.2	47.8	62.2	50.2	0.9	35.0	42.9
Shares outstanding	53m	53m	54m	54m	54m	54m	54m	54m	54m	54m	54m	54m	54m	55m	55m	55m	55m	55m	55m	55m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.