Filing Flows › Natera (NTRA) › Q2 2026
Natera (NTRA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Natera (NTRA) reported revenue of $753M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +8% from the quarter before. Operating margin was -10.1%, net loss $67.0M (8.9% of revenue).
Natera, Q2 2026: revenue $753M (+38% year over year), operating margin -10.1%, net loss $67.0M, operating cash flow $54.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $753M | +8% | +38% |
| Operating profit | −$75.8M | — | — |
| Net earnings | −$67.0M | — | — |
| Operating cash flow | $54.8M | +36% | +46% |
What changed
Revenue was $752.8M in Q2 2026, up 38% year over year and up 8% from the previous quarter. Product revenues was the largest line at 99% of revenue. Product revenues added $203.5M year over year (up 37%), 99% of the total change.
Operating costs exceeded revenue by $75.8M, an operating margin of -10.1%. Total costs grew 26% against revenue growth of 38%. The fastest-growing cost line was Research & development (+56%). The quarter ended with a net loss of $67.0M, narrower than the previous quarter's $85.1M loss.
Operating cash flow was $54.8M (up 46% year over year). Non-cash charges added back $15.5M of depreciation and amortization and $103.1M of share-based compensation. Working capital and other items added $3.2M. Capital expenditures of $63.4M exceeded it, leaving free cash flow of −$8.6M.
Questions
What was Natera's revenue in the second quarter 2026?
Natera (NTRA) reported revenue of $753M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +8% from the quarter before.
Was Natera profitable in the second quarter 2026?
Operating loss was $75.8M (-10.1% of revenue) and net loss $67.0M.
Source: Natera 10-Q on SEC EDGAR.