Filing Flows › Alector (ALEC) › Q2 2026
Alector (ALEC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Alector (ALEC) reported revenue of $3.3M for the second quarter 2026 (Q2 2026), -58% from a year earlier and +217% from the quarter before. Operating margin was -734.7%, net loss $23.0M (692.5% of revenue).
Alector, Q2 2026: revenue $3.3M (-58% year over year), operating margin -734.7%, net loss $23.0M, operating cash flow −$34.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3M | +217% | -58% |
| Operating profit | −$24.4M | — | — |
| Net earnings | −$23.0M | — | — |
| Operating cash flow | −$34.2M | — | — |
What changed
Revenue was $3.3M in Q2 2026, down 58% year over year and up 217% from the previous quarter.
Operating costs exceeded revenue by $24.4M, an operating margin of -734.7%. Total costs fell 34% while revenue fell 58%. The quarter ended with a net loss of $23.0M, wider than the previous quarter's $22.9M loss.
Operating cash flow was −$34.2M. Non-cash charges added back $1.0M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $14.9M. Capital expenditures of $31K exceeded it, leaving free cash flow of −$34.2M.
Questions
What was Alector's revenue in the second quarter 2026?
Alector (ALEC) reported revenue of $3.3M for the second quarter 2026 (Q2 2026), -58% from a year earlier and +217% from the quarter before.
Was Alector profitable in the second quarter 2026?
Operating loss was $24.4M (-734.7% of revenue) and net loss $23.0M.
Source: Alector 10-Q on SEC EDGAR.