Shares of 10x Genomics, Inc. (TXG) surged 11.54% in after-hours trading on Thursday, following the release of the company's third-quarter 2025 financial results that exceeded analyst expectations.
The life sciences technology company reported a Q3 earnings per share (EPS) of $(0.22), beating the estimated $(0.29). Revenue for the quarter came in at $149.002 million, surpassing the projected $142.490 million. Despite posting a net loss of $27.5 million, the company's performance showed significant improvement compared to expectations.
10x Genomics also impressed investors with a robust gross margin of 67% for the quarter. Looking ahead, the company provided an optimistic outlook for the fourth quarter, projecting revenue between $154 million and $158 million. This positive guidance, coupled with the better-than-anticipated Q3 results, appears to have fueled investor enthusiasm, driving the stock's significant after-hours rally.