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CareDx Q3 revenue beats estimates on testing services growth; raises FY2026 outlook

By Reuters News


Overview

  • U.S. precision diagnostics firm's Q3 revenue rose 39%, beating analyst expectations

  • Q3 adjusted EBITDA nearly doubled yr/yr to $30 mln

  • Company raised 2026 revenue and adjusted EBITDA guidance


Outlook

  • CareDx raises 2026 revenue guidance to $520 mln-$530 mln

  • Company now expects 2026 adjusted EBITDA of $90 mln-$100 mln

  • CareDx plans a Q1 2027 commercial launch of AlloHeme and broader HistoMap Kidney availability in 2027


Result Drivers

  • TESTING SERVICES - Revenue rose 65% to $119 mln, including $12 mln from Specialty Oncology and $15 mln of prior-period revenue

  • PHARMACY SERVICES - Patient and Digital Solutions revenue rose 31%, mainly due to growth in CareDx Pharmacy services

  • NAVERIS ACQUISITION - Specialty Oncology contributed $12 mln to Testing Services revenue following the acquisition of Naveris


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$139 mln

$120.61 mln (7 Analysts)

Q3 Net Income

$19 mln

Q3 Adjusted EBITDA

$30 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 CareDx, Inc. is $61.00, about 15.4% below its October 28 closing price of $72.13

  • The stock recently traded at 58 times the next 12-month earnings vs. a P/E of 30 three months ago


Reuters Recommended Reads

  • Oct 29 - Alnylam Pharmaceuticals Q3 revenue rises on AMVUTTRA demand

  • Oct 28 - GE Healthcare Q3 profit beats estimates on advanced imaging segment

  • Oct 28 - Boston Scientific Q3 revenue beats estimates despite cybersecurity disruption


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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