VCYT · Veracyte, Inc.
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AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. Veracyte delivered Q2 revenue of $150.3M (+15% YoY) with adjusted EBITDA margin of 29.2%, launched Prosigna LDT and TrueMRD for MIBC, and raised full-year revenue guidance to $590–$596M (14–15% growth), though it trimmed Decipher volume expectations by ~1,000 tests in the low-risk setting due to NCCN guideline changes.
- + Q2 total revenue grew 15% to $150.3M with testing revenue up 19% to $145.7M, including Decipher +20% and Affirma +18%.
- + Raised full-year 2026 total revenue guidance to $590–$596M (14–15% growth) and testing revenue to $576–$582M (17–18% growth).
- + Q2 adjusted EBITDA margin reached 29.2%, above the long-term 25%+ target, with GAAP net income of $25.5M.
- + Launched Prosigna LDT and TrueMRD for MIBC, securing first Medicare coverage for the whole-genome TrueMRD platform.
- + Generated $45.8M of cash from operations, ending with $485.2M in cash, equivalents, and short-term investments.
- − Cut Decipher full-year volume expectations by ~1,000 tests in the low-risk setting following late-2024 NCCN guideline change.
- − Affirma's no-result-rate benefit of ~400 bps and strong PPCs create tougher year-over-year comps for 2027.
- − Biopharmaceutical and other revenue declined to $0.8M from $4.3M YoY due to Veracyte SAS restructuring/liquidation.
- − Prosigna still lacks Medicare reimbursement and its contribution is excluded from 2026 guidance.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Diagnostics & Research — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VCYT
this stock
Veracyte, Inc.
|
$3.29B | -2.9% | +16.0% | 29.2 | 10.0% |
|
TMO
Thermo Fisher Scientific Inc.
|
$225.48B | +5.2% | +14.5% | 32.8 | 1.5% |
|
DHR
Danaher Corp /De/
|
$140.70B | -12.6% | +8.5% | 35.5 | 1.4% |
|
NTRA
Natera, Inc.
|
$47.41B | +43.6% | -2.8% | — | 3.8% |
|
IQV
Iqvia Holdings Inc.
|
$43.69B | +16.1% | +41.6% | 32.5 | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VCYT | -8.5% | -4.1% | +28.4% | -5.4% | -2.9% |
| SPY | -1.2% | -1.8% | +17.8% | -0.4% | +12.1% |
| vs SPY | -7.4% | -2.3% | +10.5% | -5.0% | -15.0% |