Insulet's stock surged 5.14% during the pre-market session on Wednesday, following the release of its fourth-quarter financial results that exceeded analyst expectations.
The medical device maker reported quarterly revenue of $783.8 million, beating the consensus estimate of $768.7 million, while adjusted earnings per share came in at $1.55, above the expected $1.45. The strong performance was driven by robust demand for its Omnipod wearable insulin pumps, with total Omnipod revenue rising 33.5% year-over-year.
Insulet also provided optimistic guidance, forecasting first-quarter revenue growth of 25% to 27% and full-year 2026 revenue growth of 20% to 22% in constant currency, with adjusted EPS expected to climb more than 25%. Additionally, the company announced a $350 million increase to its share repurchase authorization and plans to allocate approximately $300 million toward buybacks in the first quarter of 2026, which analysts view as a bullish signal supporting investor confidence.