What is the revenue and EPS growth rate for Abbott Laboratories year over year?

What were the key takeaways from Abbott Laboratories's earnings call?

What factors drove the changes in Abbott Laboratories's revenue and profit?

What were the key takeaways from Abbott Laboratories’s earnings call?

What guidance did Abbott Laboratories's management provide for the next earnings period?

What does Abbott Laboratories do and what are its main business segments?

Did Abbott Laboratories beat or miss consensus estimates last quarter?

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- **Organic Growth Momentum**: 7.5% organic sales growth driven by Medical Devices (12.5%) and Established Pharmaceuticals (7%).
- **Star Performers**: CGM sales hit $2B (+17%), EP ablation catheters grow double-digit, and TriClip launched in Japan.
- **2026 Confidence**: CEO reaffirms 7.5% sales and 10% EPS growth targets, citing new products and headwind resolution.
- **Tariff Mitigation**: Gross margin pressure from tariffs, but cost control efforts limit impact.
- **China Recovery**: Diagnostics headwinds expected to ease in 2026, with international growth compensating for China volume declines.

**【CEO Summary Section】**
- **Organic Sales Growth**: 7.5% excluding COVID tests, driven by double-digit growth in Medical Devices (12.5%) and high single-digit growth in Established Pharmaceuticals (7%).
- **Key Product Performances**: 
  - Diabetes Care: Continuous glucose monitor (CGM) sales reached $2B, up 17%.
  - Electrophysiology (EP): Ablation catheters grew double-digit in the U.S. and internationally, with Volt PFA catheter launch in Europe successful.
  - Structural Heart: 11% growth led by TAVR share gains and TriClip adoption in Japan.
- **New Product Contributions**: Recently launched products added $0.5B in sales, with 100+ basis points to organic growth. 2026 outlook includes launches of Volt in the U.S., TactiFlex Duo, and biosimilars.
- **Challenges**: Tariffs impacted gross margin, but cost control measures mitigated部分影响.

**【CFO Financial Commentary】**
- **Adjusted EPS**: $1.30, in line with consensus, reflecting 7.5% organic sales growth and 40 basis points improvement in operating margin.
- **Gross Margin**: 55.8% of sales, down due to tariffs, but tariff mitigation efforts expected to reduce impact in 2026.
- **R&D and SG&A**: 6.4% and 26.4% of sales, respectively, supporting innovation and commercial execution.
- **FX Impact**: 1.4% favorable year-over-year, expected to remain similar in Q4.

**【Q&A Key Highlights】**
- **2026 Outlook**: CEO confident in delivering 7.5% organic sales growth and 10% EPS growth, citing underlying momentum, new product launches, and easing headwinds in Diagnostics.
- **Diabetes Growth**: U.S. CGM growth at 25% YTD, with dual-analyte sensor launch in 2026 targeting intensive insulin users. CMS coverage for non-insulin type 2 diabetes expected in 2026.
- **EP Franchise**: Double-digit growth in 2025, with Volt PFA catheter U.S. launch in mid-2026. EP pipeline includes balloon TAVR and mitral valve replacement trials.
- **China Dynamics**: Diagnostics headwinds from VBP and DRG updates expected to ease in 2026, with international growth offsetting China volume declines.
- **Sustainability of Device Growth**: CRM and Vascular businesses transitioning to mid-single-digit growth, supporting overall Medical Devices double-digit growth.


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