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Veracyte reports 15% revenue growth in Q3 2026 and launches $100M share buyback program

Company Fundamentals
04 Nov 2026, 23:05 WIB
GlobeNewsWire
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Bullish
Veracyte reports 15% revenue growth in Q3 2026 and launches $100M share buyback program

Veracyte announced a 15% year-over-year revenue increase to $151.8 million in Q3 2026, driven by growth in its cancer diagnostic tests, including Decipher Prostate and Afirma. The company reported strong profitability with a GAAP net income of $31.5 million and generated $40.3 million in operating cash. It also acquired Convergent Genomics to expand its urology portfolio and secured Medicare reimbursement for its Prosigna breast cancer test. Veracyte authorized a $100 million share repurchase program to return value to shareholders, signaling confidence in its long-term growth prospects.

Veracyte's Q3 2026 financial results provide context for readers interested in health sector trends. As of Nov 05, 2026 04:11 WIB, out of 150 priced health-sector US stocks tradable on Pluang, 108 rose and 42 fell. Notable movers include Novavax Inc (NVAX) with a price of USD 10.64 and a 1-day change of +9.92%, Envista Holdings Corporation (NVST) at USD 27.17 with a +9.69% change, and Tenet Healthcare Corporation (THC) priced at USD 291.92 with a +9.46% change. The most notable figure is NVAX's Pluang order activity showing 84% Buy interest.

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