NASDAQ$IMCR

Immunocore Holdings plc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Immunocore reported Q1 2026 with $106.7M revenue, net income of $13M, and diluted EPS of $0.25.

For the period ended 2026-03-31, Immunocore reported $106.7M revenue. KIMMTRAK net revenue $106.7M (+14% YoY). Net income $13.0M vs $5.0M; diluted EPS $0.25. Cash and marketable securities of roughly $745M at quarter-end. No formal EPS guidance; pipeline and KIMMTRAK geographic expansion discussed qualitatively.

  • KIMMTRAK net revenue $106.7M (+14% YoY).
  • Net income $13.0M vs $5.0M; diluted EPS $0.25.
  • Cash and marketable securities of roughly $745M at quarter-end.

Headline financials

Total Revenue

$107M

Previous: $93.9M+13.6%
EPS (adj)

$0.25

Previous: $0.10+150.0%
Capital Expenditures

-$1.78M

Previous: -$298K-497.7%
Net Income

$13M

Previous: $5.02M+158.2%
Operating Income

$7.28M

Previous: -$3.62M+301.3%

Revenue & EPS history

Immunocore · Revenue · Quarterly

$107M

Q1 2026+13.6%vs Q1 2025
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

No formal EPS guidance; pipeline and KIMMTRAK geographic expansion discussed qualitatively.

Tailwinds

  • Commercial revenue growth with operating profit.
  • Strong liquidity supports R&D.
  • Partner revenue from Medison and other distributors.

Headwinds

  • Dependence on KIMMTRAK franchise.
  • R&D spend remains elevated near $61M quarterly.
  • FX and tax rate volatility.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-1.2%

Avg return

30 days after

48%

10 / 21 earnings

Positive

+8.3%

Q3 2023

Best reaction

-11.0%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.6%+0.0%-2.1%
Q4 2025-4.8%-3.0%-12.6%
Q3 2025-3.2%+9.7%+21.5%
Q1 2025+6.3%+5.3%+32.8%
Q4 2024+5.3%-1.1%+1.3%
Q3 2024+4.0%+5.0%-4.5%
Q2 2024+0.8%+1.7%-9.5%
Q1 2024-1.9%-6.6%-31.7%
Q4 2023-4.6%-7.2%-7.7%
Q3 2023+8.3%+4.6%+15.8%
Q2 2023-3.3%-5.9%-12.7%
Q1 2023-1.5%+3.2%-4.6%
Q4 2022-4.9%-5.1%-9.9%
Q3 2022+2.9%+13.7%+9.3%
Q2 2022+1.6%+5.8%-13.5%
Q1 2022-11.0%+2.7%+1.4%
Q4 2021-0.7%+7.5%+37.7%
Q3 2021+0.4%-0.2%-21.3%
Q2 2021-4.9%-9.5%-1.4%
Q1 2021-1.5%-9.4%-5.3%
Q4 2020+0.1%+6.8%-7.1%
Q3 2020
Q2 2020
Q1 2020
Q4 2019

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