NovoCure surges on Q2 outcomes
NovoCure (Nasdaq: NVCR), a developer of most cancers therapies by focusing electrical fields on the expansion, reported $184 million income for the second quarter of 2026, 16% greater than within the corresponding quarter of 2025, and above the consensus analysts’ estimate of $172 million.
The corporate’s share value has jumped by almost 25% in at present’s session to this point, giving it a market cap of two.25 billion. The corporate raised its 2026 income steerage from $690-710 million to $710-725 million.
Within the present quarter, the corporate posted income of $5.4 million from its comparatively new product for treating lung most cancers, Optune Lua. That is virtually double the income from the product within the first quarter (it was not available on the market within the corresponding quarter).
Specialists had been divided on how the market would settle for this product, and questioned how far the outcomes of the medical trials would persuade medical doctors to undertake it. The even newer product for treating pancreatic most cancers, which was permitted on the market solely in February, generated income of $1.6 million within the second quarter. NovoCure expects income of $20-30 million in 2026 as an entire from these two merchandise.
The profitable launch of the brand new merchandise is essential for the corporate in its predominant market, the remedy of mind most cancers, by which it appeared to have reached saturation in recent times, significantly within the US market. The expansion in income from this product got here primarily exterior the US, whereas US gross sales had been flat.
On the best way to profitability
Within the coming yr, NovoCure is anticipated to change into nearer to 2 extra new markets. Within the fourth quarter of 2026, the US Meals and Drug Administration is because of determine whether or not to offer approval to the corporate’s product for treating metastases within the mind from lung most cancers. In the identical quarter, NovoCure is anticipated to finish recruitment of sufferers for a Part III trial of its product for first-line remedy of glioblastoma, a type of mind most cancers. A profitable trial will allow NovoCure to supply its product at an earlier stage of the illness, and therefore to extra sufferers for an extended time frame.
NovoCure’s second quarter internet loss was smaller than anticipated, at $15 million, or $0.13 per share. Analysts had estimated a lack of $0.33 per share. The narrower loss was partly due to an enchancment within the firm’s gross revenue margin, from 74% to 78%.
NovoCure, which had $440 million money on the finish of the second quarter, has not been worthwhile since 2019, due to heavy funding in medical trials and advertising. CEO Frank Leonard, who took up his submit on the finish of 2025, burdened initially of this yr that he was lastly steering the corporate in the direction of profitability.
Printed by Globes, Israel enterprise information – en.globes.co.il – on July 23, 2026.
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