Filing Flows › Alector (ALEC) › Q3 2026 › vs Q2 2026
Alector (ALEC) Q3 2026 vs Q2 2026 (quarter over quarter)
Alector's revenue rose $160M (49×) from $3.3M in Q2 2026 to $163M in Q3 2026. Operating margin 76.0% against -734.7% (+810.8 pts).
Alector, Q3 2026: revenue $163M (50× year over year), operating margin 76.0%, net earnings $125M, operating cash flow −$24.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 76.0% | -734.7% | +810.8 pts |
| Net margin | 76.5% | -692.5% | +769.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $163M | $3.3M | $160M | 49× |
| Other income, net | $819K | $1.5M | −$714K | -47% |
| Operating profit | $124M | −$24.4M | $148M | — |
| Costs & expenses | $39.0M | $27.7M | $11.3M | +41% |
| Pre-tax earnings | $125M | −$22.9M | $148M | — |
| Research & development | $30.0M | $19.5M | $10.6M | +54% |
| General & admin | $9.0M | $8.3M | $738K | +9% |
| Net earnings | $125M | −$23.0M | $148M | — |
| Income tax | $60K | $130K | −$70K | -54% |
| Operating cash sources | $152M | $14.9M | $137M | +919% |
| Depreciation & amortization | $981K | $1.0M | −$68K | -6% |
| Share-based compensation | $2.0M | $2.6M | −$614K | -24% |
| Cash used in operations | $24.2M | $34.2M | −$10.1M | -29% |
| Working capital & other | $152M | $14.9M | $137M | +919% |
Questions
How much did Alector's revenue grow quarter over quarter in Q3 2026?
Alector's revenue rose $160M (49×) from $3.3M in Q2 2026 to $163M in Q3 2026. Operating margin 76.0% against -734.7% (+810.8 pts).