Iovance shares soar after Q2 revenue beat

Iovance Biotherapeutics

06/08/2026 18:06

Updates
** Iovance Biotherapeutics IOVA.O shares jump ~37% to more than one-year high of $5.95 
** Co posts Q2 revenue of $99.3 million, beating analysts' estimate of $87.83 million, as per LSEG data
** CEO Frederick Vogt says based on Q2 performance and strong demand trends, co is reviewing previously issued 2026 revenue forecast of $350 million to $370 million and will provide an update during Q3
** Quarterly net loss per share narrowed to 11 cents from loss of 33 cents a year ago
     ** As of June 30, 2026, Iovance's cash position was ~$304 million and current cash is expected to fund operations into H2 2028
** Stock up 116% YTD

 (Reporting by Sriparna Roy in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com;))