Fulgent Genetics, Inc. (FLGT) · Nov 5, 2026 · Earnings

Fulgent Genetics Q3 earnings beat as loss outlook improves

Beat — Non-GAAP EPS $(0.09) vs roughly $(0.65) consensus; revenue $90.4M vs roughly $86–88M

Fulgent Genetics earnings beat Q3 expectations, while disciplined spending and better collections drove a sharply improved 2026 loss and cash outlook.

Fulgent is trying to stabilize its laboratory-services business after billing and revenue-cycle problems while funding a longer-term shift toward AI-enabled diagnostics and oncology therapeutics. Its prior quarter explicitly tied weaker collections and revised revenue guidance to the billing-system transition, while the company continued advancing FID-007 and FID-022.

	Q3 2026	Q3 2025	Consensus / prior guide
Revenue (Statement of Operations Data)	$90.4M (+7.5%)	$84.1M	~$86–88M consensus
Non-GAAP EPS (Non-GAAP Income Reconciliation)	$(0.09)	$0.14	~$(0.65) consensus
GAAP EPS (Statement of Operations Data)	$(0.48)	$(0.21)
GAAP gross margin (Non-GAAP Operating Margin)	35.3%	42.2%
FY2026 non-GAAP loss guide (Outlook)	$46–50M		$63–67M prior guide
FY2026 cash guide (Outlook)	$630M		$610M prior guide

The quarter beat the market’s operating bar by a wide margin. Revenue reached $90.4 million, above published expectations of roughly $86–88 million, while non-GAAP loss per share of $0.09 was materially better than estimates around $0.65. The improvement also followed a stronger collection environment: the CFO said the quarter was driven by an improvement in collection rates and progress addressing the billing-system issue.

The more important change is below the quarterly headline: management materially reduced expected cash burn. The company kept revenue guidance at $330–340 million, but cut its full-year non-GAAP loss outlook from $63–67 million to $46–50 million and raised expected year-end cash from approximately $610 million to $630 million. That is a meaningful improvement in the near-term financial trajectory, attributed to disciplined spending and better collections.

The beat does not mean the core business has fully healed. Revenue growth was modest, GAAP gross margin fell to 35.3% from 42.2%, and the GAAP loss widened to $13.2 million from $6.6 million as operating expenses and amortization remained heavy. Non-GAAP operating loss also deteriorated year over year, so the better outlook reflects collections and spending control more than a clean margin recovery.

The therapeutics and AI narrative remains future-facing rather than newly proven here. Management pointed to momentum in FID-007 and FID-022 and continued AI integration in the laboratory, but this filing provides no clinical result or quantified AI-driven financial contribution. 〔0〕

Bottom line: This was a clear earnings beat and a substantial improvement in expected cash burn, strengthening Fulgent’s stabilization story. The underlying margin structure is still weak, so the result advances the turnaround rather than completing it.

What to watch next

Q4 earnings report, early 2027

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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Fulgent Genetics Q3 earnings beat as loss outlook improves

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