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Novartis Q2 2026 earnings beat as cancer, MS drugs drive growth
['Colleen Cabili', 'July', 'Min Read']
Yahoo Finance
Net income fell 19% to $3.26 billion, weighed down by higher income taxes and interest expense.
Breast cancer drug Kisqali posted sales of $1.7 billion, up 43% in constant currencies, while leukemia treatment Scemblix rose 89% to $562 million.
Multiple sclerosis drug Kesimpta grew 32% to $1.42 billion, and prostate cancer treatment Pluvicto climbed 43% to $651 million.
Novartis reaffirmed its full-year 2026 guidance, forecasting low single-digit net sales growth and a low single-digit decline in core operating income in constant currencies.
In July, Novartis agreed to acquire Myricx Bio, a biotechnology company developing antibody-drug conjugates targeting cancer, the company said.