Company: BSX
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000885725-25-000041
Chunk: 10

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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. Uncertainty around inflationary pressures, interest rates, trade and tariff policies, foreign currency fluctuations and changes in tax laws, as well as actions by governments in response thereto, could create additional economic challenges which could negatively impact our business operations and results. We anticipate incurring incremental costs under the current schedule of reciprocal tariffs on U.S. imports recently announced by the U.S. government, as well as the subsequent increase in tariffs introduced by China on U.S. manufactured products. While some of the announced tariffs have been paused and the U.S. and other governments continue negotiations on such measures, these and any further tariff increases on our products by the U.S., China or any other country or region, as well as sanctions or other measures that restrict international trade could have a material adverse impact on our business operations and results. We continue to monitor the situation while exploring opportunities to mitigate the impacts of such tariffs. There can be no guarantee that we will be able to offset the impact of tariffs, the ultimate impact of which will depend on various factors, including the timing, scope, duration and nature of any tariffs, any other trade restrictions or opportunities to mitigate such impacts. In addition, geopolitical developments and uncertainties, including related to various ongoing global conflicts and tensions, may create economic, supply chain, transportation, energy, and other challenges, including disruptions to business operations, which could negatively impact our business and results of operations. 

45

Gross Profit 

Our Gross profit was $3.424 billion for the second quarter of 2025, $2.850 billion for the second quarter of 2024, $6.633 billion for the first six months of 2025 and $5.498 billion for the first six months of 2024. The following is a reconciliation of our gross profit margin and a description of the drivers of the changes from period to period:

Percentage of Net SalesThree MonthsSix MonthsGross profit margin - period ended June 30, 202469.2%68.9%Sales pricing, volume and mix1.61.8All other, including inventory charges and other period expenses(3.1)(2.6)Gross profit margin - period ended June 30, 202567.7%68.2%

Gross profit margin decreased in the second quarter and first six months of 2025, as compared to the same periods in the prior year. The primary factors that impacted gross profit margin in the second quarter and first six months of 2025 were inventory charges of approximately $