Legend Biotech Q4 Earnings Miss Expectations with Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
0mins
Should l Buy LEGN?
Source: seekingalpha
- Earnings Performance: Legend Biotech reported a Q4 non-GAAP EPS of $0.01, missing expectations by $0.18, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth Shortfall: The company reported revenue of $306.3 million, a 64.2% year-over-year increase, yet it fell short of expectations by $3.91 million, suggesting that despite significant growth, market demand did not fully meet projections.
- Strong Cash Reserves: As of December 31, 2025, Legend Biotech had approximately $949 million in cash and cash equivalents, providing a solid financial foundation for future R&D and market expansion efforts.
- Market Outlook Analysis: Despite the disappointing earnings report, the growth of Carvykti is bolstered by FDA regulatory support, which may drive a recovery in the company's performance, particularly in the multiple myeloma treatment sector.
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Analyst Views on LEGN
Wall Street analysts forecast LEGN stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 21.170
Low
48.00
Averages
68.10
High
90.00
Current: 21.170
Low
48.00
Averages
68.10
High
90.00
About LEGN
Legend Biotech Corporation is a global biopharmaceutical company. The Company is engaged in the discovery, development, manufacturing and commercialization of cell therapies for oncology and other indications. Its lead product candidate, ciltacabtagene autoleucel (cilta-cel), referred to as LCAR- B38M, is an autologous chimeric antigen receptor (CAR-T) cell therapy that targets the B-cell maturation antigen (BCMA), which is a highly expressed protein in several hematologic malignancies, including multiple myeloma (MM). In addition to cilta-cel, the Company has a portfolio of earlier-stage autologous CAR-T product candidates targeting various cancers, including Non-Hodgkins Lymphoma, acute lymphoblastic leukemia, gastric cancer, esophageal cancer, pancreatic cancer, colorectal cancer, small cell lung cancer, and non-small cell lung cancer. It is also engaged in developing an allogeneic gamma delta CAR-T product candidate and an allogeneic CAR-NK product candidate targeting BCMA for MM.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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