EURONEXT-BRU$ARGX

Argenx Se · Q2 2026 earnings

Q2 2026 earnings · · Investor relations

Briefing

Argenx Se reported strong Q2 2026 results with $1.5 billion in global product net sales, up 60% year-over-year.

Argenx SE announced its half-year 2026 financial results on July 23, 2026, highlighting robust Q2 performance driven by VYVGART sales growth. The company achieved $1.516 billion in product net sales for the quarter, leading to an operating profit of $494 million and net profit of $472 million. Diluted EPS reached $7.32, significantly ahead of prior year.

  • Global product net sales of $1.516 billion, +60% YoY and +17% QoQ.
  • Operating profit of $494 million and net profit of $472 million for the quarter.
  • Diluted EPS of $7.32, compared to $3.74 in Q2 2025.
  • Successful U.S. launch expansion of VYVGART to all gMG serotypes.

Headline financials

Total Revenue

$1.52B

No prior period
EPS (adj)

$7.32

No prior period
Product Net Sales

$1.52B

No prior period
Net Income

$472M

No prior period
Operating Income

$494M

No prior period

Revenue & EPS history

Argenx · Revenue · Quarterly

$1.52B

Q2 2026
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Argenx · $1.52B total across 1 segment · Q2 2026

  • VYVGART
    $1.52B

Forward guidance

Company remains on track with multiple registrational study readouts expected in H2 2026 and beyond.

Tailwinds

  • ALKIVIA myositis readout in 3Q26
  • EMPASSION MMN readout in 4Q26
  • Pipeline expansion with multiple new indications and molecules

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.3%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+3.8%

Avg return

30 days after

56%

18 / 32 earnings

Positive

+11.2%

Q4 2017

Best reaction

-9.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q4 2026+1.7%-8.1%-19.0%
Q1 2025-9.1%-12.9%-5.9%
Q4 2024+0.3%-0.3%-5.4%
Q3 2024+8.0%+9.2%+11.8%
Q2 2024+6.5%+9.7%+11.3%
Q1 2024-3.0%-7.8%-2.7%
Q3 2023+6.6%+7.7%-2.9%
Q2 2023-1.1%-3.3%-2.7%
Q1 2023+3.0%+2.4%+0.9%
Q4 2022-5.9%-8.1%+1.0%
Q3 2022+1.4%-1.1%-2.6%
Q2 2022+1.8%-0.0%+7.3%
Q1 2022+8.0%+2.2%+8.0%
Q4 2021-8.7%-9.5%+11.7%
Q3 2021+8.0%+14.8%-1.2%
Q2 2021-1.0%+1.3%+9.5%
Q1 2021+6.3%+0.8%+20.4%
Q4 2020-8.4%-0.3%-10.7%
Q3 2020-2.5%+0.8%+4.9%
Q2 2020-7.8%-7.2%-8.2%
Q1 2020+5.7%+10.0%+45.0%
Q4 2019-6.1%-2.1%-13.2%
Q3 2019+0.4%+4.9%+24.8%
Q2 2019+1.5%-4.4%-6.4%
Q1 2019-3.2%-6.2%-3.0%
Q4 2018+0.4%-2.3%-6.9%
Q3 2018-5.0%-3.9%+17.2%
Q2 2018-1.2%-0.9%+1.8%
Q1 2018+2.6%+3.5%+13.2%
Q4 2017+11.2%+7.7%+5.0%
Q3 2017+1.1%+0.7%+13.4%
Q2 2017-0.6%-0.6%+4.2%
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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