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Exelixis EXEL Q1 2026 earnings

Reported May 5, 2026 · After market close

Revenue$610.8MBeat by $3.3M
EPS$0.87Beat by $0.12
Revenue estimate$607.5M
EPS estimate$0.75

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$649.6M
EPS estimate$0.89

Financials

Q1 2026

Income statement

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Revenue$610.8M+10.0%
Gross profit$590.9M+10.2%
Operating income$251.3M+34.5%
Net income$210.5M+31.9%
EPS (diluted)$0.79+43.6%

Balance sheet

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Cash & equivalents$226.2M+23.1%
Total debt$169.5M-9.4%
Total equity$1.9B-9.2%
Total assets$2.6B-8.6%

Cash flow

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Operating cash flow$251.8M+19.1%
CapEx$1.5M-48.9%
Free cash flow$250.3M+20.1%

Valuation & ratios

Valuation

as of 04/03/26
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Market cap$11.29B+10.1%
Enterprise value$11.24B+9.5%
P/E13.6×-2.4×
P/S4.8×+0.3×

Profitability

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Gross margin96.4%-0.3pp
Operating margin39.4%+6.3pp
Net margin35.1%+7.1pp
FCF margin38.6%+2.9pp

Returns & leverage

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Return on equity41%+10.8pp
Debt / equity0.1×0.0×
Current ratio3.3×-0.2×

Segments

By product

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Gross product revenues$795.4M+10.2%
License revenues$56.9M+34.1%
Collaboration$55.8M+32.4%
Collaboration services revenues-$4.0M-211%
Discounts and allowances-$240.4M-15.3%

By segment

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Reportable Segment$610.8M+10.0%

FAQ

When did Exelixis report Q1 2026 earnings?
Exelixis (EXEL) reported Q1 2026 earnings on May 5, 2026 after market close.
What were Exelixis's Q1 2026 revenue and EPS?
Exelixis reported revenue of $610.8M and eps of $0.87 for Q1 2026.
Did Exelixis beat estimates in Q1 2026?
Revenue beat the consensus estimate of $607.5M by $3.3M. EPS beat the consensus estimate of $0.75 by $0.12.
How did Exelixis's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.0% from $555.4M a year earlier and eps grew 40.3% from $0.62.
Where can I find Exelixis's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000939767-26-000058) and the 10-Q periodic report (0000939767-26-000059) directly on SEC EDGAR. The filing index links above go to sec.gov.