Exelixis Provides 2026 Financial Guidance: Anticipates $2.525B to $2.625B in Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 11 2026
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Source: Businesswire
- Financial Outlook: Exelixis anticipates total revenues for 2026 to range from $2.525 billion to $2.625 billion, representing a significant growth from $2.320 billion in 2025, indicating strong potential in the oncology treatment sector.
- Product Revenue Growth: The company expects net product revenues to reach $2.325 billion to $2.425 billion in 2026, reflecting CABOMETYX's sustained leadership in the renal cell carcinoma and neuroendocrine tumor markets, further solidifying its market share.
- Increased R&D Investment: Research and development expenses are projected to rise to $875 million to $925 million in 2026, up from $825 million in 2025, demonstrating the company's commitment to advancing new drug development and clinical trials.
- Stock Repurchase Program: Since March 2023, Exelixis has repurchased $2.16 billion in stock and plans to buy back an additional $750 million by the end of 2026, aimed at enhancing shareholder value and boosting market confidence.
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Analyst Views on EXEL
Wall Street analysts forecast EXEL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXEL is 44.09 USD with a low forecast of 30.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
7 Buy
8 Hold
1 Sell
Moderate Buy
Current: 42.660
Low
30.00
Averages
44.09
High
52.00
Current: 42.660
Low
30.00
Averages
44.09
High
52.00
About EXEL
Exelixis, Inc. is an oncology company. The Company has produced four marketed pharmaceutical products, two of which are formulations of its flagship molecule, cabozantinib. It is also advancing and evolving its product pipeline portfolio, including its lead investigational asset, zanzalintinib. Cabozantinib is an inhibitor of multiple tyrosine kinases, including MET, AXL, VEGF receptors and RET and has been also approved as CABOMETYX tablets for advanced renal cell carcinoma, for previously treated hepatocellular carcinoma and for previously treated, radioactive iodine-refractory differentiated thyroid cancer, and as COMETRIQ capsules for progressive, metastatic medullary thyroid cancer. The Company's other two products are COTELLIC, an inhibitor of MEK approved as part of multiple combination regimens to treat specific forms of advanced melanoma and MINNEBRO an oral, non-steroidal, selective blocker of the mineralocorticoid receptor approved the treatment of hypertension in Japan.
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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