other material
confidence high
sentiment positive
materiality 0.75
Iovance raises FY2026 revenue guidance to $410-$420M from $350-$370M on Amtagvi, Proleukin demand
IOVANCE BIOTHERAPEUTICS, INC.
- FY2026 total revenue guidance raised to $410-$420M, up $55M (~15%) at the midpoint from the prior $350-$370M range; implies nearly 60% annual growth.
- Iovance most recently reported record Q2 2026 total product revenue of $99.3M, driven by strong U.S. demand for Amtagvi (lifileucel) and Proleukin.
- Authorized treatment center (ATC) network has grown to ~100 centers, with expansion to at least 110 ATCs expected by year-end 2026.
- Interim CEO Frederick Vogt cites current manufacturing schedule as giving strong visibility into Q3 and Q4 revenues, plus efficiencies accelerating progress toward profitability.
- Q3 2026 financial results expected in early November 2026; this update completes the guidance review announced with Q2 results.