PacBio Q4 revenue rises 14% driven by strong consumable sales

Reuters
02/13
PacBio Q4 revenue rises 14% driven by strong consumable sales

Overview

  • Life science tech firm's Q4 revenue rose 14% yr/yr, driven by record consumable sales

  • Adjusted net income for Q4 beat analyst expectations

  • Company completed sale of short-read sequencing assets, strengthening balance sheet

Outlook

  • Company plans to launch SPRQ-Nx to lower sequencing costs in 2026

  • PacBio aims to drive growth with strengthened balance sheet post asset sale

  • Company did not provide specific financial guidance for 2026

Result Drivers

  • RECORD CONSUMABLE SALES - Consumable revenue reached an all-time high, contributing significantly to Q4 revenue growth

  • ASSET SALE - Completed sale of short-read sequencing assets, strengthening balance sheet

  • DECLINE IN REVIO PLACEMENTS - Revio system placements decreased compared to the previous year

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted Net Income

Beat

-$37.60 mln

-$44.30 mln (4 Analysts)

Q4 Adjusted Gross Profit

$17.80 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."

  • Wall Street's median 12-month price target for Pacific Biosciences of California Inc is $2.00, about 8.7% above its February 11 closing price of $1.84

Press Release: ID:nGNX8cG9QQ

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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