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Incyte (INCY) Q3 2026 earnings results (third quarter 2026)

10-Q filed Oct 29, 2026

Incyte (INCY) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +14% from a year earlier and -7% from the quarter before. Operating margin was -45.5%, net loss $785M (50.4% of revenue).

Revenue$1.6B
Year over year+14%
Quarter over quarter-7%
Operating margin-45.5%
Net earnings−$785M

Incyte, Q3 2026: revenue $1.6B (+14% year over year), operating margin -45.5%, net loss $785M, operating cash flow −$675M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$1.6B-7%+14%
Operating profit−$708M-201%-260%
Net earnings−$785M-234%-285%
Operating cash flow−$675M-233%-221%

What changed

Revenue was $1.6B in Q3 2026, up 14% year over year and down 7% from the previous quarter. JAKAFI was the largest line at 53% of revenue. OPZELURA added $0.07B year over year (up 36%), 35% of the total change. ICLUSIG declined 11%.

Operating costs exceeded revenue by $0.71B, an operating margin of -45.5%. Total costs grew 146% against revenue growth of 14%. The quarter ended with a net loss of $0.78B, after a profit of $0.59B the previous quarter.

Operating cash flow was −$0.68B. Non-cash charges added back $0.02B of depreciation and amortization and $0.07B of share-based compensation.

Questions

What was Incyte's revenue in the third quarter 2026?

Incyte (INCY) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +14% from a year earlier and -7% from the quarter before.

Was Incyte profitable in the third quarter 2026?

Operating loss was $708M (-45.5% of revenue) and net loss $785M.

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Source: Incyte 10-Q on SEC EDGAR.