Tempus AI Revenue Up 23%; Gains Cut Net Loss: Rapid Earnings Reaction
Tempus AI reported a 23% revenue increase to $411.5M in Q3, with Data and Applications revenue up 33%. The net loss narrowed to $14.9M, though operating loss remained high. Adjusted EBITDA rose to $25.6M. The company raised its 2026 revenue outlook, and shares rose 3.9% in pre-market trading.
How this was made

The 30-second read
Why it matters
The key tradable tension is growth and gross margin strength versus the quality of earnings and dilution from stock-based compensation, with guidance raising revenue but not adjusted EBITDA.
Market read
Fresh quarterly numbers and guidance can drive positioning, but the market may discount non-operating gains and scrutinize operating progress and EBITDA delivery.
What to watch
Adjusted EBITDA outlook is said to hold around $65M, so traders should focus on whether Q4 EBITDA reaches the implied level and whether hereditary testing revenue re-accelerates.
Background
The article frames Tempus AI’s Q3 as a mix of strong revenue growth and margin improvement in Data and Applications, alongside persistent operating losses.
Ticker impact
Tempus AI reported Q3 revenue up 23% to $411.5M, narrowed net loss, and raised its 2026 revenue outlook, with pre-market shares up ~3.9%.
Likely near-term support as investors price in stronger top-line growth, with follow-through dependent on whether adjusted EBITDA guidance is met.
The piece contains fresh quarterly results plus an updated 2026 revenue outlook and discusses the quality of earnings (non-operating unrealized gains vs operating loss).
Market effects
Signals improving unit economics in AI data/testing services, but highlights that stock-based pay and non-operating gains can distort headline losses.
Limited, company-specific US growth story for AI healthcare data analytics.
Low; no cross-border policy or global macro linkage beyond general AI healthcare sentiment.
Counterpoint
Treat the net-loss narrowing cautiously because the article attributes most improvement to unrealized marketable-securities gains that can reverse.
Key entities
- companyTempus AI
NASDAQ-listed AI healthcare data and testing company reporting Q3 results and updated 2026 revenue outlook.

