Amicus Therapeutics' Q2 revenue up more than expected on Galafold demand

Reuters
Jul 31
Amicus <a href="https://laohu8.com/S/LENZ">Therapeutics</a>' <a href="https://laohu8.com/S/QTWO">Q2</a> revenue up more than expected on Galafold demand

Overview

  • Amicus Q2 2025 revenue of $154.7 mln beats analyst expectations

  • Galafold Q2 revenue rises 12% at CER, driven by patient demand

  • Co reiterates 2025 guidance for GAAP profitability in H2 2025

Outlook

  • Amicus expects 2025 revenue growth of 15% to 22%

  • Company anticipates GAAP profitability in H2 2025

  • Galafold revenue growth projected at 10% to 15% in 2025

  • Pombiliti + Opfolda revenue growth expected at 50% to 65% in 2025

Result Drivers

  • GALAFOLD DEMAND - Driven by patient demand and strong compliance, Galafold revenue rose 12% at CER

  • POMBILITI + OPFOLDA LAUNCHES - High demand and new launches in five countries fueled 58% revenue growth at CER

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$154.70 mln

$147.10 mln (11 Analysts)

Q2 EPS

-$0.08

Q2 Net Income

-$24.40 mln

Q2 Adjusted Operating Expenses

$30 mln

Q2 Operating Expenses

$30 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Amicus Therapeutics Inc is $15.00, about 59.1% above its July 30 closing price of $6.13

  • The stock recently traded at 76 times the next 12-month earnings vs. a P/E of 79 three months ago

Press Release: ID:nGNX6DRVY

(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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