Xeris Biopharma Q1 product revenue jumps 43%, beats estimates

Xeris Biopharma Holdings

07/05/2026 12:27

Overview

U.S. biopharma firm's Q1 product revenue rose 43% yr/yr, beating analyst expectations

Net income turned positive in Q1 from a loss a year earlier

Company raised lower end of 2026 revenue guidance to $380 mln-$390 mln

Outlook

Xeris Biopharma raises 2026 revenue guidance to $380 mln-$390 mln

Company expects commercial team expansion impact in H2 2026 and beyond

Xeris anticipates Phase 3 initiation for XP-8121 later in 2026

Result Drivers

RECORLEV GROWTH - Nearly doubled net revenue yr/yr, driven by increased patient demand and greater prescriber awareness, per CEO John Shannon

COMMERCIAL TEAM EXPANSION - Expansion completed in Q1, with expected greater impact in H2 and beyond, per CEO

FAVORABLE PRODUCT MIX - Gross margin improved to 87%, up from 85% last year, primarily due to favorable product mix dynamics

Company press release: ID:nBw6qT232a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Product Revenue
Beat
$82.45 mln
$79.99 mln (6 Analysts)
Q1 EPS
$0.01
Q1 Net Income
$2.23 mln
Q1 Operating Income
$7.92 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Xeris Biopharma Holdings Inc is $10.00, about 57% above its May 6 closing price of $6.37

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 41 three months ago

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.)