Corrected: Puma Biotechnology lifts 2026 outlook as Q2 revenue rises on NERLYNX demand
CORRECTED-Puma Biotechnology lifts 2026 outlook as Q2 revenue rises on NERLYNX demand Corrects adj EPS figure to $0.19 from $0.20 in KD table
Overview
U.S. cancer drug maker's Q2 product revenue rose yr/yr on higher NERLYNX demand
Q2 adjusted EPS rose yr/yr
Company raised 2026 revenue and net income guidance on increased NERLYNX demand
Outlook
Puma raises 2026 net product revenue guidance to $205–209 mln from $202–206 mln
Company lifts 2026 net income forecast to $17–20 mln from $16–19 mln
Puma expects third-quarter 2026 total revenue of $56–59 mln
Result Drivers
NERLYNX DEMAND - Co said higher Q2 product revenue was driven by increased demand for NERLYNX
R&D EXPENSES - Co said higher operating costs were mainly due to increased clinical trial expense for alisertib
COMMERCIAL EXECUTION - Management attributed improved results to commercial execution and progress in clinical development
Company press release: ID:nBw8RncCSa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Total Revenue |
| $56.50 mln |
|
Q2 Adjusted EPS | Beat | $0.19 | $0.04 (1 Analyst) |
Q2 EPS |
| $0.16 |
|
Q2 Adjusted Net Income | Beat | $10.10 mln | $1.90 mln (1 Analyst) |
Q2 Net Income |
| $8.20 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the pharmaceuticals peer group is "buy."
Wall Street's median 12-month price target for Puma Biotechnology Inc is $5.00, about 37.4% below its August 5 closing price of $7.99
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 16 three months ago
Reuters Recommended Reads
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Puma Biotechnology Inc reports results for the quarter ended June 30 - Earnings Summary
Corrected: Puma Biotechnology lifts 2026 outlook as Q2 revenue rises on NERLYNX demand
Brief: Puma Biotechnology Q2 Adjusted EPS USD 0.2