Abbott Laboratories

ABT Q1 2025 Earnings

Reported Apr 16, 2025 at 7:36 AM ET · SEC Source

Q1 25 EPS

$1.09

BEAT +1.75%

Est. $1.07

Q1 25 Revenue

$10.36B

MISS 0.57%

Est. $10.42B

vs S&P Since Q1 25

-69.3%

TRAILING MARKET

ABT -32.2% vs S&P +37.1%

Market Reaction

Did ABT Beat Earnings? Q1 2025 Results

Abbott Laboratories posted a mixed but largely encouraging first quarter of 2025, beating Wall Street's profit expectations while falling just short on revenue. Adjusted diluted EPS came in at $1.09, clearing the $1.07 consensus estimate by 1.75%, wh… Read more Abbott Laboratories posted a mixed but largely encouraging first quarter of 2025, beating Wall Street's profit expectations while falling just short on revenue. Adjusted diluted EPS came in at $1.09, clearing the $1.07 consensus estimate by 1.75%, while reported sales of $10.36 billion grew 4.0% year over year but trailed the $10.42 billion consensus by 0.57%. The real engine behind the quarter was Medical Devices, where 9.9% reported sales growth to $4.89 billion was led by FreeStyle Libre continuous glucose monitor sales surging 18.3% to $1.70 billion, helping offset a weak Diagnostics segment dragged down by sharply lower COVID-19 testing revenue. Despite acknowledging tariff headwinds in the hundreds of millions of dollars, a challenge shared across the broader medtech sector, Abbott reaffirmed its full-year guidance for organic sales growth of 7.5% to 8.5% and adjusted diluted EPS of $5.05 to $5.25, with second-quarter adjusted EPS projected at $1.23 to $1.27, signaling management's confidence in its diversified global manufacturing footprint.

Key Takeaways

  • Diabetes Care continuous glucose monitors grew 21.6% organically, reaching $1.7 billion in quarterly sales
  • Medical Devices segment led growth with 12.6% organic sales increase
  • Strong U.S. sales growth of 8.4% on a reported basis
  • Adult Nutrition organic growth of 8.7% driven by Ensure and Glucerna
  • Adjusted gross margin expanded 140 basis points to 57.1%
  • Adjusted operating margin improved 130 basis points to 21.0%
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ABT YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

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ABT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
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ABT Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Once again, Abbott's diversified business model delivered top-tier sales and EPS growth. It is this diversification and execution that allows Abbott to navigate through periods of uncertainty and continually deliver sustainable growth.”

— Robert B. Ford, Q1 2025 Earnings Press Release