Novocure Hits New High on Raised Revenue Outlook and FDA Approval Hopes

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Novocure Ltd shares surged to a new 52-week high on Thursday after the company raised its full-year 2026 revenue guidance and investors anticipated premarket approval for its brain therapy candidate. The stock reached an intraday record of $20.55 before closing up 28.39 percent at $19.99. Novocure lifted its revenue growth forecast to a range of $710 million to $725 million, up from $690 million to $710 million previously, and now expects positive adjusted EBITDA of up to $15 million, reversing an earlier loss outlook. The improved guidance followed second-quarter revenues of $183.6 million, a 16 percent increase from the prior year, while net loss narrowed 61 percent to $15.6 million. The company is awaiting FDA premarket approval in the fourth quarter for its TTFields therapy in patients with brain metastases from non-small cell lung cancer.

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Biotech & Genomic Medicine · 1 stocks
Novocure Ltd
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Raised 2026 revenue guidance and improved EBITDA outlook

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