Telix Pharmaceuticals Ltd (TLX.AU) saw its stock price soar 5.02% during Tuesday's intraday trading session.
The significant upward movement follows the company's release of its unaudited Q1 2026 group revenue of US$230 million, representing an 11% increase from the previous quarter. Furthermore, Telix reaffirmed its full-year 2026 revenue guidance of US$950 million to US$970 million, signaling confidence in its ongoing performance.
Growth was particularly strong in the Precision Medicine segment, where Q1 revenue reached US$186 million, a 16% increase quarter-over-quarter, supported by the performance of its products Illuccix and Gozellix. The company also reiterated its research and development spending guidance.