Myriad Genetics MYGN Q2 2026: A $0.25 Loss and Guidance Pulled
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Myriad Genetics crashed to a $0.25 loss per share on mounting payer friction and a $11 million prior-period revenue adjustment, missing estimates by 332%, and now suspended full-year EBITDA guidance as it launches a "reset" efficiency program called Ascend to stabilize cash burn.
Continue ReadingShow less
Myriad Genetics reported a loss of $0.25 per share for Q2 2026, badly missing the consensus estimate of roughly $0.06 per share — a shortfall of more than 332%. Revenue came in at $190.7 million, about 7% below the $206 million analysts had expected. The company attributed the pressure to mounting payer friction and a $11 million prior-period revenue adjustment that weighed heavily on the quarter's results.
The miss is not an isolated stumble. Looking back over recent quarters, Myriad swung to a $0.29 loss in Q3 2025 against expectations of just $0.01, and continued to underperform in Q1 2026 with a $0.09 loss versus a $0.07 estimate. The pattern points to a business dealing with persistent top-line and reimbursement headwinds that have been difficult to contain.
Disclosure
1 INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA( www.finra.org )/SIPC( www.sipc.org ). 2 The probability of a member receiving $3,000 is 0.028%. If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Members must fund their account with a minimum of $50.00 to qualify. The probability percentage is subject to decrease. Members are only eligible for the Stock Award promotion upon opening their first brokerage account; subsequent cash brokerage accounts are ineligible for the promo, including for members with multiple accounts. 3Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. 4There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. (Sponsor)
In response, management suspended its full-year EBITDA guidance and announced a restructuring initiative called Ascend, framed as a company "reset" designed to stabilize cash burn and improve operational efficiency. Investors will be watching whether Ascend produces measurable results in the quarters ahead, and whether payer relations improve enough to restore revenue predictability.
Mentioned: MYGN