NeoGenomics IncRaised 2026 revenue and EBITDA guidance, beat Q2 estimates, and expects margin improvement.

NeoGenomics raised its full-year 2026 revenue guidance to a range of $802 million to $806 million, driven by strong clinical performance and durable growth in next-generation sequencing. Total second-quarter revenue reached $201.7 million, up 11% year-over-year and approximately $4 million above prior guidance, while adjusted EBITDA rose 36% to $14.4 million. Clinical revenue grew 14%, with NGS revenue surging 26% and now comprising one-third of clinical revenue, prompting management to lift its NGS growth forecast to the mid-20s from the prior low-20s estimate. The company lowered expectations for its nonclinical segment, now projecting a high-single-digit decline in 2026 versus the earlier low-to-mid-single-digit decline, as pharma revenue fell 26% in the quarter. NeoGenomics also raised its full-year adjusted EBITDA guidance to $56 million to $58 million and expects 100 to 150 basis points of gross margin improvement, supported by Lab of the Future efficiencies and a commercial reorganization into dedicated oncology and pathology teams.
NeoGenomics IncRaised 2026 revenue and EBITDA guidance, beat Q2 estimates, and expects margin improvement.