EXELIXIS Q4 ADJUSTED EPS REACHES USD 0.94, BEATING IBES ESTIMATE OF USD 0.79
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2026
0mins
Should l Buy EXEL?
Source: moomoo
Earnings Report: EXELIXIS reported a Q4 adjusted EPS of $0.94, indicating strong financial performance.
Comparison with Estimates: The reported EPS surpassed the IBES estimate of $0.79, reflecting better-than-expected results.
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Analyst Views on EXEL
Wall Street analysts forecast EXEL stock price to fall
16 Analyst Rating
7 Buy
8 Hold
1 Sell
Moderate Buy
Current: 51.100
Low
30.00
Averages
44.09
High
52.00
Current: 51.100
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.
Exelixis Shows Significant Future Growth Potential
- Strong Stock Performance: Exelixis shares have risen 101% over the past five years, slightly outperforming the S&P 500, indicating robust performance and investment appeal in the biotech sector.
- Cabometyx Drives Growth: As Exelixis' flagship product, Cabometyx saw a 10% year-over-year revenue increase to $610.8 million in Q1, with projected midpoint revenue of $2.58 billion for FY 2026, reflecting sustained demand and strong sales capabilities in the cancer treatment market.
- New Drug Development Progress: The investigational drug zanzalintinib has completed phase 3 trials and is awaiting regulatory approval for metastatic colorectal cancer, with potential peak sales of $5 billion, showcasing the company's strategic focus on addressing unmet medical needs.
- Optimistic Future Outlook: Despite the impending patent cliff for Cabometyx, Exelixis has several early-stage pipeline candidates expected to drive financial growth in the coming years, suggesting a bright medium-term outlook with potential for stock doubling by 2031.
See More
Exelixis Poised for Doubling Growth Over Next Five Years
- Strong Stock Performance: Exelixis has seen its stock price rise by 101% over the past five years, outperforming the S&P 500, indicating robust performance in the biotech sector, with potential for another doubling in the next five years attracting investor interest.
- Cabometyx Growth: The company's flagship product, Cabometyx, generated $610.8 million in revenue in Q1 2023, a 10% year-over-year increase, with projected revenue of $2.58 billion for fiscal year 2026, underscoring its strong market position in liver and kidney cancers.
- Next-Gen Drug Potential: Exelixis is developing zanzalintinib, which has completed phase 3 trials and is awaiting regulatory approval for metastatic colorectal cancer, addressing a significant unmet need with projected peak sales of $5 billion, enhancing the company's growth prospects.
- Diverse Pipeline Strategy: Beyond Cabometyx, Exelixis is testing zanzalintinib for various cancers, including renal cell carcinoma, and successful indications could provide substantial financial support, ensuring continued growth in the competitive oncology market.
See More
Exelixis Q1 2026 Earnings Call Insights
- CABOMETYX Growth Momentum: Exelixis reported the highest number of new patient starts for CABOMETYX in Q1, with TRx market share increasing from 44% to 47%, indicating strong demand in the renal cell carcinoma and neuroendocrine tumor markets, further solidifying its leadership position.
- Capital Repurchase Plan: The company repurchased approximately $430.8 million of stock in Q1 and received board approval for a new $750 million stock repurchase plan, aimed at enhancing shareholder confidence while providing funding for future R&D investments.
- ZANZA R&D Progress: Management emphasized that the CRC NDA application for ZANZA and atezolizumab is the company's top priority, with a PDUFA expected in early December 2026, highlighting the strategic focus on colorectal cancer treatment.
- Strong Financial Performance: Q1 total revenues were approximately $611 million, with GAAP net income around $210.5 million, demonstrating effective control over operating expenses despite pressures from the 340B program and Medicare discounts.
See More
Exelixis (EXEL) Q1 2026 Earnings Transcript
See More
Three Biotech Companies Worth Watching
- Krystal Biotech's Breakthrough: In 2023, Krystal Biotech received approval for Vyjuvek, a gene therapy for Dystrophic Epidermolysis Bullosa, achieving $389.1 million in revenue, a 34% year-over-year increase, indicating strong market potential in rare diseases.
- Madrigal Pharmaceuticals' FDA Approval: In 2024, Madrigal gained FDA approval for Rezdiffra, the first drug for metabolic dysfunction-associated steatohepatitis, with 2025 revenue reaching $958.4 million, a staggering 432% increase, showcasing robust growth in an emerging market.
- Exelixis' Oncology Innovations: Exelixis' Cabometyx remains the leading treatment for liver and kidney cancers, with no generic competition expected until 2030, while the company plans to launch several next-gen cancer therapies in the next five years, further solidifying its market position.
- Significant Market Potential: The combination of innovation and market demand in these three companies suggests that their stocks could yield substantial returns in the future, particularly in the ongoing developments within rare diseases and oncology.
See More
Three Biotech Stocks Worth Watching
- Krystal Biotech's Breakthrough: Focused on rare diseases, Krystal Biotech received approval for Vyjuvek, a gene therapy for Dystrophic Epidermolysis Bullosa, achieving $389.1 million in revenue in 2023, a 34% year-over-year increase, indicating strong market performance.
- Madrigal Pharmaceuticals' Market Potential: Madrigal's Rezdiffra, approved by the FDA in 2024 as the first treatment for metabolic dysfunction-associated steatohepatitis, generated $958.4 million in revenue in 2025, a staggering 432% increase, showcasing its potential in a large patient market.
- Exelixis' Innovative Drugs: Exelixis' Cabometyx, a leading treatment for liver and kidney cancers, is expected to face no generic competition until 2030, while its development of next-gen cancer therapies could further drive growth in the coming years.
- Competitive Advantages: These three companies demonstrate significant market potential and innovation capabilities, with Krystal Biotech and Madrigal expanding their product lines to enhance market share, while Exelixis maintains a strong position in oncology through robust financial performance and R&D efforts.
See More
Exelixis Shows Significant Future Growth Potential
- Strong Stock Performance: Exelixis shares have risen 101% over the past five years, slightly outperforming the S&P 500, indicating robust performance and investment appeal in the biotech sector.
- Cabometyx Drives Growth: As Exelixis' flagship product, Cabometyx saw a 10% year-over-year revenue increase to $610.8 million in Q1, with projected midpoint revenue of $2.58 billion for FY 2026, reflecting sustained demand and strong sales capabilities in the cancer treatment market.
- New Drug Development Progress: The investigational drug zanzalintinib has completed phase 3 trials and is awaiting regulatory approval for metastatic colorectal cancer, with potential peak sales of $5 billion, showcasing the company's strategic focus on addressing unmet medical needs.
- Optimistic Future Outlook: Despite the impending patent cliff for Cabometyx, Exelixis has several early-stage pipeline candidates expected to drive financial growth in the coming years, suggesting a bright medium-term outlook with potential for stock doubling by 2031.
See More
Exelixis Poised for Doubling Growth Over Next Five Years
- Strong Stock Performance: Exelixis has seen its stock price rise by 101% over the past five years, outperforming the S&P 500, indicating robust performance in the biotech sector, with potential for another doubling in the next five years attracting investor interest.
- Cabometyx Growth: The company's flagship product, Cabometyx, generated $610.8 million in revenue in Q1 2023, a 10% year-over-year increase, with projected revenue of $2.58 billion for fiscal year 2026, underscoring its strong market position in liver and kidney cancers.
- Next-Gen Drug Potential: Exelixis is developing zanzalintinib, which has completed phase 3 trials and is awaiting regulatory approval for metastatic colorectal cancer, addressing a significant unmet need with projected peak sales of $5 billion, enhancing the company's growth prospects.
- Diverse Pipeline Strategy: Beyond Cabometyx, Exelixis is testing zanzalintinib for various cancers, including renal cell carcinoma, and successful indications could provide substantial financial support, ensuring continued growth in the competitive oncology market.
See More
Exelixis Q1 2026 Earnings Call Insights
- CABOMETYX Growth Momentum: Exelixis reported the highest number of new patient starts for CABOMETYX in Q1, with TRx market share increasing from 44% to 47%, indicating strong demand in the renal cell carcinoma and neuroendocrine tumor markets, further solidifying its leadership position.
- Capital Repurchase Plan: The company repurchased approximately $430.8 million of stock in Q1 and received board approval for a new $750 million stock repurchase plan, aimed at enhancing shareholder confidence while providing funding for future R&D investments.
- ZANZA R&D Progress: Management emphasized that the CRC NDA application for ZANZA and atezolizumab is the company's top priority, with a PDUFA expected in early December 2026, highlighting the strategic focus on colorectal cancer treatment.
- Strong Financial Performance: Q1 total revenues were approximately $611 million, with GAAP net income around $210.5 million, demonstrating effective control over operating expenses despite pressures from the 340B program and Medicare discounts.
See More
Exelixis (EXEL) Q1 2026 Earnings Transcript
See More
Three Biotech Companies Worth Watching
- Krystal Biotech's Breakthrough: In 2023, Krystal Biotech received approval for Vyjuvek, a gene therapy for Dystrophic Epidermolysis Bullosa, achieving $389.1 million in revenue, a 34% year-over-year increase, indicating strong market potential in rare diseases.
- Madrigal Pharmaceuticals' FDA Approval: In 2024, Madrigal gained FDA approval for Rezdiffra, the first drug for metabolic dysfunction-associated steatohepatitis, with 2025 revenue reaching $958.4 million, a staggering 432% increase, showcasing robust growth in an emerging market.
- Exelixis' Oncology Innovations: Exelixis' Cabometyx remains the leading treatment for liver and kidney cancers, with no generic competition expected until 2030, while the company plans to launch several next-gen cancer therapies in the next five years, further solidifying its market position.
- Significant Market Potential: The combination of innovation and market demand in these three companies suggests that their stocks could yield substantial returns in the future, particularly in the ongoing developments within rare diseases and oncology.
See More
Three Biotech Stocks Worth Watching
- Krystal Biotech's Breakthrough: Focused on rare diseases, Krystal Biotech received approval for Vyjuvek, a gene therapy for Dystrophic Epidermolysis Bullosa, achieving $389.1 million in revenue in 2023, a 34% year-over-year increase, indicating strong market performance.
- Madrigal Pharmaceuticals' Market Potential: Madrigal's Rezdiffra, approved by the FDA in 2024 as the first treatment for metabolic dysfunction-associated steatohepatitis, generated $958.4 million in revenue in 2025, a staggering 432% increase, showcasing its potential in a large patient market.
- Exelixis' Innovative Drugs: Exelixis' Cabometyx, a leading treatment for liver and kidney cancers, is expected to face no generic competition until 2030, while its development of next-gen cancer therapies could further drive growth in the coming years.
- Competitive Advantages: These three companies demonstrate significant market potential and innovation capabilities, with Krystal Biotech and Madrigal expanding their product lines to enhance market share, while Exelixis maintains a strong position in oncology through robust financial performance and R&D efforts.
See More
