TransMedics Group/$TMDX

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About TransMedics Group

TransMedics Group Inc is a commercial-stage medical technology company transforming organ transplant therapy for end-stage organ failure patients across multiple disease states. It has developed the Organ Care System (OCS) to comprehensively address the limitations of cold storage. The OCS is a portable organ perfusion, optimization, and monitoring system that utilizes technology to replicate near-physiologic conditions for donor organs outside of the human body. The company has developed and is commercializing a proprietary system to preserve and deliver human organs for transplant in a near-physiologic condition to address the limitations of cold storage organ preservation.
Ticker
$TMDX
Sector
Health
Primary listing
NASDAQ
Employees
898

TMDX Metrics

BasicAdvanced
$3B
21.81
$4.01
1.88
-

What the Analysts think about TMDX

Analyst ratings (Buy, Hold, Sell) for TransMedics Group stock.
Analyst projections of the future price of TransMedics Group stock.

Bulls say / Bears say

TransMedics delivered Q2 2026 revenue of $189.9 million, up 21% year over year, and raised the low end of its full-year revenue outlook to $737 million while retaining a $757 million upper bound. The outlook implies approximately 22% to 25% growth for 2026. (TransMedics)
The higher-margin, recurring service ecosystem is scaling: Q2 service revenue increased 29% to $78.8 million, faster than product revenue growth, while TransMedics owned 22 aircraft and completed its PAD Aviation investment to build a broader organ-transplant logistics network. (SEC)
There are potential clinical and market-expansion catalysts beyond current guidance. In May, TransMedics unveiled CHOPS to support enrollment in the OCS ENHANCE Heart Part B and OCS DENOVO Lung trials, while management’s 2026 outlook assumes no incremental revenue from those trials, leaving room for upside if development progresses favorably. (TransMedics)
Profitability is under pressure despite continued growth: Q2 2026 operating margin fell to 12.5% from 23.2% a year earlier, while first-half operating margin declined to 10.2% from 21.3% as TransMedics increased operating and growth investments. (SEC)
The aviation-led logistics strategy adds execution and regulatory risk. TransMedics specifically cites FAA compliance, pilot availability and operational disruptions as risks, while its PAD Aviation investment is excluded from 2026 revenue guidance and has yet to contribute to the outlook. (SEC; TransMedics)
Financial-governance execution remains a watchpoint: the June 2026 filing said a previously identified material weakness in inventory controls had not yet been remediated, and the company is also transitioning to a new CFO effective September 21, 2026. (SEC; TransMedics)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.

TMDX Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

TMDX Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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