Dec. 4 at 11:11 PM
$ITGR Main emphasis during the December 3rd Investor Presentation was the core business is still forecasted to grow 47% in 2026. The three headwinds relate to three new products where demand is lighter than expected. The headwinds will effect Q4 2025, Q1 and Q2 2026 but the fundamentals of the business remain strong. During the first half of 2026 the gross margins could be up 4% or down 5%. The range is dependent on the demand related to the three products but they launch new products in the 2nd half which will accelerate growth. These 2nd half product launches are related to more mature products so the company views this as an air pocket isolated to the first half of 2026 and Q4 of 2025. By Q3 of 2026 they see above market growth. The 200$ million share repurchase program is the first ever done by Integer which is opportunistic and supports their belief that the huge overreaction by the market is overdone.
