secwatch.observer — SEC 8-K summary
======================================

Issuer:     Alkermes plc. (ALKS)
CIK:        0001520262
Form:       8-K
Filed at:   2026-07-28T11:05:18+00:00
Accession:  0001193125-26-318844
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkermes Q2 rev $496M, GAAP net income $0.5M; CEO transition to Blair Jackson Aug 1; guidance lowered on CVR charge
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520262/000119312526318844/0001193125-26-318844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520262/000119312526318844/alks-20260728.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-318844

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer