
Genmab Q1 FY26 operating profit slips to $180 million; revenue climbs 25% to $896 million

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Genmab reported a 25% increase in revenue to $896 million for Q1 FY26, while operating profit decreased to $180 million from $188 million. Royalty revenue rose 26% to $742 million, driven by higher sales of DARZALEX and Kesimpta. Costs of product sales increased by 55% to $65 million, primarily due to higher profit-sharing with AbbVie. Operating expenses, excluding acquisition charges, grew 25% to $606 million, reflecting investments in pipeline expansion. The FDA approved an sBLA for DLBCL, and Genmab maintained its 2026 financial guidance.
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