GENEDX $WGS Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $123.1M (Est. $123M) 🟡; +5% YoY
🔹 Adj. EPS: $0.28 (Est. $0.07) 🟢
🔹 GAAP EPS: -$0.41
🔹 Exome & Genome Revenue: $110.4M; +12% YoY
🔹 Exome & Genome Volume: 32,134; +25% YoY
🔹 Non-GAAP Gross Margin: 72%; -200 bps YoY
FY26 Guide:
🔹 Revenue: $475M-$490M (Est. $482M) 🟡
🔹 Exome & Genome Revenue Growth: At least 17%
🔹 Exome & Genome Volume Growth: At least 28%
🔹 Adjusted Gross Margin: ~71%
🔹 Adjusted Net Income: ~$12M
Q4 Guide:
🔹 Revenue: $135M
🔹 Exome & Genome Revenue: $121M
🔹 Exome & Genome Volume: 34,500 tests
🔹 Adjusted Gross Margin: At least 71%
🔹 Adjusted Net Income: ~$12M
Customers & Assets:
🔹 Accession Growth: +28% YoY
Announcements:
🔹 GUARDIAN Study: 30,000 newborns enrolled; 72.3% parental participation
🔹 BRIDGES-NBS: Screen up to 30,000 newborns for 700+ conditions over two years
Key Updates:
🔹 Adjusted Net Income: $8.6M
🔹 Medicaid Coverage: 25 state programs now cover whole genome sequencing
🔹 ASHG: 27 scientific abstracts presented
Comments:
🔸 “Our Q3 results reflect profitable execution in a growing market, as we translate the rising demand for exome and genome testing into durable revenue growth”
🔸 “Our priorities are clear: improve the economics of our testing, expand utilization, and deliver leading products at scale.”
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