earnings
confidence high
sentiment neutral
materiality 0.80
Alkermes Q2 rev $496M, GAAP net income $0.5M; CEO transition to Blair Jackson Aug 1; guidance lowered on CVR charge
Alkermes plc.
- Q2 2026 total revenues $496.0M; GAAP net income $0.5M; adjusted EBITDA $139.2M.
- Blair Jackson to become CEO on Aug 1, 2026; Richard Pops remains Chairman.
- Updated 2026 GAAP net loss guidance widened to ($95M)-($115M) from ($70M)-($90M) due to $26.4M CVR fair value increase.
- LUMRYZ net sales $96.6M in Q2, including ~$7M inventory benefit; phase 3 idiopathic hypersomnia data positive.
- Cash and investments $691.6M at June 30, 2026, up from $538.2M at March 31, 2026.