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Genmab's DARZALEX royalties boost H1 sales to $8.17B, signaling strong full-year growth potential.

Company Fundamentals
28 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Genmab reported strong first-half results driven by DARZALEX sales reaching $8.17 billion, already surpassing half of its $16 billion full-year sales target. If second-half sales remain steady, total sales could hit $16.59 billion, exceeding the high end of guidance. DARZALEX royalties are expected to increase from 14.2% in Q1 to about 16.9% for the year. However, risks include high valuation, reliance on DARZALEX, significant net debt, weak cash conversion, and pipeline uncertainties.

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