Q2 2026 Revenue US$247M Strong Momentum Pipeline Progress

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Stock TELIX Pharmaceuticals Ltd (TLX.ASX)
Release Time 21 Jul 2026, 8:26 a.m.
Price Sensitive Yes
 Telix Pharmaceuticals Q2 2026 Update: Revenue Growth and Pipeline Progress
Key Points
  • Group revenue of US$247M, up 7% QoQ and 21% YoY
  • Precision Medicine revenue of US$202M, up 9% QoQ and 30% YoY
  • FDA alignment for ProstACT Global Phase 3 study of TLX591-Tx
  • Patient enrollment nearing completion for BiPASS study
  • Strategic collaboration with Regeneron for next-generation therapies
Full Summary

Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ: TLX) reported a strong Q2 2026 performance with group revenue of US$247 million, up 7% quarter-over-quarter and 21% year-over-year. Precision Medicine revenue was US$202 million, up 9% QoQ and 30% YoY. The company expects FY 2026 revenue and other income to exceed US$1 billion. The FDA confirmed safety data for ProstACT Global Phase 3 trial, enabling progression of Part 2 in the U.S. BiPASS Phase 3 study enrollment is nearing completion. Telix also announced a strategic collaboration with Regeneron for next-generation radiopharmaceutical therapies.

Guidance

FY 2026 revenue expected to exceed US$1 billion, R&D expenditure guidance updated to US$230M-US$270M

Outlook

Telix expects to achieve key regulatory, commercial, and clinical milestones, with continued investment in R&D to accelerate high-value programs.