PODD · 8-K · 20260805PR000167

Gross Margin Drivers

INSULET CORP · 2026-08-05 · Importance 73 · Surprise 66

GAAP gross profit increased to $562.6 million from $452.2 million, while GAAP gross margin was 70.2% of revenue. Estimated warranty and related costs associated with voluntary medical device corrections reduced second-quarter gross profit by $21.9 million and represented the principal quantified adjustment to gross profit. Excluding those costs, adjusted gross profit was $584.4 million and adjusted gross margin was 72.9%. Six-month GAAP gross margin was 69.8%, compared with 70.7% in the prior-year period, while six-month adjusted gross margin was 72.0%.

Key facts

• Second quarter cost of revenue: $239.1 million and gross profit: $562.6 million for the three months ended June 30, 2026. source
• Six months gross profit: $1,091.6 million and operating income: $251.8 million for the six months ended June 30, 2026. source
• Voluntary MDCs and related costs recorded in the quarter: $21.9 million impact to gross profit and $25.0 million impact to adjusted EBITDA for the three months ended June 30, 2026 (as an adjustment). source