earnings
confidence high
sentiment neutral
materiality 0.70
Novavax Q2 2026 revenue $57M, net loss $53M; raises full-year revenue framework to $235-275M
NOVAVAX INC
2026-Q2 EPS reported
-$0.38
revenue$196,212,000
- Total revenue $57M (down 76% YoY); net loss $53M vs net income $107M in Q2 2025.
- Raised full-year 2026 Adjusted Total Revenue framework to $235-275M (from $230-270M).
- Sanofi partnership: Phase 3 CIC trial start triggers $125M milestone; tech transfer completion mid-2027 triggers $75M milestone.
- Cash $724M as of June 30, 2026, down from $751M at Dec 31, 2025.
- Combined R&D and SG&A expense guidance improved to $370-410M (from $380-420M).