Alkermes

Q2 FY2026 EarningsQ2 2026 revenue reached $496.0M, up 27.0% YoY, driven by the inclusion of LUMRYZ ($96.6M) following the Avadel acquisition. Total proprietary net sales grew 34.0% YoY to $411.7M, while manufacturing and royalty revenues remained stable at $84.3M. GAAP net income fell to $0.5M from $87.1M due to significant acquisition-related costs, though Adjusted EBITDA rose 10.0% YoY to $139.2M. The company maintained its full-year revenue guidance ($1.73B-$1.84B) but lowered its GAAP net income outlook due to a $26.4M contingent consideration adjustment.