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Cyberattack Halts Boston Scientific Production
8 Sep
Summary
- Cyber incident disrupted manufacturing and global shipments.
- Company expects material impact on Q3 and full-year 2026 results.
- Previous sales and profit forecasts are unlikely to be met.
Boston Scientific has reported that a widespread cybersecurity incident has severely impacted its operations. The incident led to a halt in manufacturing processes and disrupted the shipment of orders across the globe. This disruption is expected to have a significant negative effect on the company's financial performance.
As a result of the cyberattack, Boston Scientific anticipates a material impact on its third-quarter and full-year 2026 financial results. The medical device maker has stated that it is unlikely to achieve its previously issued sales and adjusted profit forecasts for these periods. The company's stock experienced a decline in premarket trading following this disclosure.
