10x Genomics Reports Q1 Revenue of $150.8M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy TXG?
Reports Q1 revenue $150.8M, consensus $146.56M. "We had a solid start to the year, with double-digit growth in Single Cell consumables reaction volumes and double-digit growth in Spatial consumables revenue," said Serge Saxonov, Co-founder and CEO of 10x Genomics. "The biggest highlight is our recent launch of Atera, which represents the most significant product introduction in our history. We are extremely encouraged by the extraordinary early customer response."
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Analyst Views on TXG
Wall Street analysts forecast TXG stock price to fall
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 22.420
Low
9.00
Averages
13.00
High
18.00
Current: 22.420
Low
9.00
Averages
13.00
High
18.00
About TXG
10x Genomics, Inc. is a life science technology company. The Company's integrated solutions include instruments, consumables and software for single cell and spatial biology systems. Its single cell portfolio, powered by Chromium platform, includes its Chromium X Series, Chromium Connect and legacy Chromium Controller instruments, microfluidic chips and related consumables, which enables throughput analysis of individual biological components. Its Visium platform enables researchers to understand the spatial positions of biological analytes within tissues at high resolution. Its Xenium platform for in situ analysis is designed to give scientists the ability to not only locate and type cells in their tissue context. Its products include Chromium Single Cell Gene Expression, Chromium Single Cell Gene Expression Flex, Chromium Single Cell Immune Profiling, Chromium Single Cell assay for transposase accessible chromatin (ATAC), Visium Spatial Gene Expression, and others.
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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- Earnings Per Share Surge: Expected earnings per share are projected to rise from $6.48 to $7.86, marking a 28% increase, which not only reflects improved profitability but also has the potential to attract more investor interest, thereby driving the stock price higher.
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- Wide Applications: Atera supports spatial studies on both fresh-frozen and FFPE tissues, catering to diverse needs in discovery and translational research, helping institutions gain deeper insights into tumor microenvironments.
- High-Throughput Demand: Leading life sciences organizations have committed to utilizing Atera at scale, reflecting strong demand for high-throughput and high-sensitivity spatial analysis, driving progress in biopharma and translational research.
- Data Analysis Platform: 10x has also introduced a new cloud analysis platform to securely store and analyze spatial datasets, combining GPU-accelerated analysis to significantly enhance biologists' efficiency in deriving insights from raw data.
See More
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- Wide Applications: Atera supports large-scale spatial studies across both fresh-frozen and FFPE tissues, catering to diverse needs in discovery and translational research, thereby enhancing the depth and breadth of scientific inquiry.
- Clinical Data Showcase: Data from the June Lab at the University of Pennsylvania presented at the AACR 2026 highlighted Atera's application in tumor microenvironment studies, revealing the complexities of tumor dynamics post-CAR T cell therapy.
- Strong Market Demand: Leading life sciences organizations and research institutions have committed to utilizing Atera at scale, reflecting a robust demand for high-throughput, high-sensitivity spatial analysis that drives advancements in biopharma and translational research.
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- 10x Genomics Growth Struggles: 10x Genomics, valued at $2.94 billion, reported only 1.9% annual revenue growth in the last two years, failing to meet healthcare sector standards, and its smaller revenue base has hindered its ability to achieve economies of scale, resulting in negative returns on capital.
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- Small-Cap Investment Risks: While small-cap stocks offer savvy investors the chance to act before broader market recognition, they also carry increased downside risks due to limited Wall Street coverage and lack of scale compared to larger competitors, necessitating careful selection by investors.
See More
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- Signs of Market Recovery: The rise in health care stocks reflects optimistic expectations for economic recovery, particularly post-pandemic, as demand for health services continues to grow, potentially boosting the performance of related companies.
- Increased Investor Attention: With the improved performance of the health care sector, investors may reassess their portfolios and increase allocations to health stocks, thereby driving further growth and stability in the industry.
- Optimistic Industry Outlook: The strong performance in the health sector could attract more capital inflows, especially in the fields of innovative drugs and medical technologies, which are expected to provide momentum for future growth.
See More
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