NovoCure's stock soared 25.78% during intraday trading on Thursday, following the release of its first-quarter 2026 financial results which significantly exceeded analyst expectations.
The oncology device maker reported Q1 revenue of $174.06 million, representing a 12% year-over-year increase and beating the consensus estimate of $167.87 million. The company also improved its gross margin to 78% from 75% in the prior year, driven by lower array costs and better utilization. Revenue growth was primarily fueled by active patient growth in European markets.
Adding to the positive sentiment, NovoCure raised its full-year 2026 net revenue guidance to a range of $690 million to $710 million, up from the previous forecast of $675 million to $705 million. The company also anticipates topline data from its Phase 3 TRIDENT trial in the second quarter of 2026, providing additional catalysts for investor optimism.
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