NASDAQ$DXCM
DexCom Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Dexcom's revenue grew, strategic initiatives advanced, but execution fell short of expectations, leading to updated guidance and a share repurchase program announcement.
DexCom reported a 15% year-over-year revenue increase to $1.004 billion for Q2 2024. The company launched Direct-to-Watch, secured coverage for Dexcom ONE in France, and advanced pump connectivity. However, execution did not meet expectations, prompting updated fiscal year 2024 guidance and a $750 million share repurchase program.
- Revenue increased by 15% year-over-year to $1.004 billion.
- U.S. revenue grew by 19%, while international revenue increased by 7%.
- GAAP operating income was $158.0 million, representing 15.7% of revenue.
- Launched Direct-to-Watch in the U.S. and several international markets.
Headline financials
Revenue & EPS history
DexCom · Revenue · Quarterly
$1B
Forward guidance
Dexcom is updating fiscal year 2024 guidance for Revenue and Non-GAAP Gross Profit Margin, and reiterating guidance for Non-GAAP Operating Margin and Adjusted EBITDA Margin. Third quarter 2024 Revenue of approximately $975 million to $1.00 billion (1 - 3% organic growth).
Tailwinds
- Revenue of approximately $4.00 - 4.05 billion (11 - 13% organic growth)
- Non-GAAP Gross Profit Margin of approximately 63%
- Non-GAAP Operating Margin of approximately 20%
- Adjusted EBITDA Margin of approximately 29%
- Third quarter 2024 Revenue of approximately $975 million to $1.00 billion (1 - 3% organic growth)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+1.6%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+1.8%
Avg return
30 days after
56%
36 / 64 earnings
Positive
+31.1%
Q2 2018
Best reaction
-42.8%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.8% | +1.4% | +23.8% | |
| Q4 2025 | +7.6% | +11.9% | -1.3% | |
| Q3 2025 | +1.6% | -13.1% | -6.9% | |
| Q1 2025 | +16.0% | +18.6% | +22.1% | |
| Q4 2024 | +5.9% | +6.6% | -15.9% | |
| Q3 2024 | +1.3% | -0.3% | +0.5% | |
| Q2 2024 | -42.8% | -37.7% | -33.8% | |
| Q1 2024 | -9.8% | -7.6% | -7.6% | |
| Q4 2023 | -4.8% | -7.6% | +6.8% | |
| Q3 2023 | +5.9% | +5.3% | +33.9% | |
| Q2 2023 | +1.3% | -6.6% | -22.9% | |
| Q1 2023 | -2.9% | -5.5% | -7.9% | |
| Q4 2022 | +7.3% | +7.9% | -1.9% | |
| Q3 2022 | +17.8% | +16.0% | +9.2% | |
| Q2 2022 | -4.3% | +2.9% | -1.5% | |
| Q1 2022 | -1.1% | -4.3% | -30.0% | |
| Q4 2021 | -6.1% | -6.8% | -12.9% | |
| Q3 2021 | +11.6% | +14.5% | +6.0% | |
| Q2 2021 | +12.1% | +13.3% | +13.2% | |
| Q1 2021 | -9.3% | -12.8% | -13.2% | |
| Q4 2020 | +3.3% | +1.2% | -10.4% | |
| Q3 2020 | -16.5% | -23.5% | -25.2% | |
| Q2 2020 | +0.9% | +2.9% | +1.0% | |
| Q1 2020 | +3.1% | +1.9% | +8.0% | |
| Q4 2019 | +15.4% | +20.3% | -0.8% | |
| Q3 2019 | +26.8% | +33.9% | +46.4% | |
| Q2 2019 | -5.2% | -9.1% | +9.7% | |
| Q1 2019 | -0.6% | +0.9% | +0.2% | |
| Q4 2018 | -5.9% | -4.1% | -11.3% | |
| Q3 2018 | +10.5% | +14.2% | -1.0% | |
| Q2 2018 | +31.1% | +28.1% | +51.8% | |
| Q1 2018 | +14.2% | +16.6% | +25.6% | |
| Q4 2017 | -1.4% | +6.6% | +3.0% | |
| Q3 2017 | +6.1% | +11.1% | +29.0% | |
| Q2 2017 | +7.1% | +6.8% | +12.0% | |
| Q1 2017 | -7.1% | -4.3% | -16.0% | |
| Q4 2016 | +2.9% | +1.6% | +7.3% | |
| Q3 2016 | -19.6% | -20.9% | -19.0% | |
| Q2 2016 | -1.9% | -1.5% | -1.0% | |
| Q1 2016 | -5.5% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2015 | -3.0% | — | — | |
| Q2 2015 | +9.9% | — | — | |
| Q1 2015 | -0.7% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q3 2014 | +15.7% | — | — | |
| Q2 2014 | +10.9% | — | — | |
| Q1 2014 | -1.8% | — | — | |
| Q4 2013 | -3.1% | — | — | |
| Q3 2013 | +16.4% | — | — | |
| Q2 2013 | +18.7% | — | — | |
| Q1 2013 | +10.0% | — | — | |
| Q4 2012 | +9.2% | — | — | |
| Q3 2012 | -1.5% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q4 2011 | -3.6% | — | — | |
| Q3 2011 | -16.2% | — | — | |
| Q2 2011 | -17.7% | — | — | |
| Q1 2011 | -1.7% | — | — | |
| Q4 2010 | +5.3% | — | — | |
| Q3 2010 | -22.1% | — | — | |
| Q2 2010 | +5.5% | — | — | |
| Q1 2010 | -9.2% | — | — |
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