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Insmed INSM Q1 2026 earnings

Reported May 7, 2026 · Before market open

Revenue$306.0MBeat by $5.2M
EPS-$0.76Beat by $0.14
Revenue estimate$300.8M
EPS estimate-$0.90

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$501.2M
EPS estimate-$0.37

Financials

Q1 2026

Income statement

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Revenue$306.0M+230%
Gross profit$258.5M+261%
Operating income-$153.3M+38.2%
Net income-$163.6M+36.3%
EPS (diluted)-$0.76+46.5%

Balance sheet

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Cash & equivalents$582.2M+44.4%
Total debt$580.3M-49.2%
Total equity$704.9M+611%
Total assets$2.1B+15.2%

Cash flow

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Operating cash flow-$222.7M+15.0%
CapEx$3.5M-65.4%
Free cash flow-$226.2M+16.9%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$35.25B+155%
Enterprise value$35.25B+142%
P/S43×+6.8×

Profitability

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Gross margin81.8%+5.3pp
Operating margin-140.6%-43.9pp
Net margin-144.4%-45.3pp
FCF margin-112.5%-35.3pp

Returns & leverage

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Return on equity-294.5%
Debt / equity0.8×-10.7×
Current ratio4.5×-1.4×

Segments

By product

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ARIKAYCE external R&D expenses$98.1M+5.7%

FAQ

When did Insmed report Q1 2026 earnings?
Insmed (INSM) reported Q1 2026 earnings on May 7, 2026 before market open.
What were Insmed's Q1 2026 revenue and EPS?
Insmed reported revenue of $306.0M and eps of $-0.76 for Q1 2026.
Did Insmed beat estimates in Q1 2026?
Revenue beat the consensus estimate of $300.8M by $5.2M. EPS beat the consensus estimate of $-0.90 by $0.14.
How did Insmed's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 229.6% from $92.8M a year earlier and eps grew 46.5% from $-1.42.
Where can I find Insmed's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001140361-26-019430) and the 10-Q periodic report (0001104506-26-000032) directly on SEC EDGAR. The filing index links above go to sec.gov.