Tests for tiny traces of cancer rose 300% at Tempus, reaching about 12,000
Tempus reported Q3 2026 revenue of $411.5M, up 23% YoY, with Oncology volume growth at 32% and MRD tests rising 300% to ~12,000. Data & Apps revenue grew 33%. The company raised full-year revenue guidance and announced collaborations with Merck, Moderna, and BMS. Tempus also cleared FDA approvals for AI cardiology products and plans to acquire Personalis.
How this was made
The 30-second read
Why it matters
The earnings beat and guidance raise expectations for continued growth in AI‑driven diagnostics, potentially lifting related stocks.
Market read
The earnings release provides fresh data on Tempus' growth trajectory, influencing health‑tech and biotech equities.
What to watch
Pending Personalis acquisition and new FDA clearances could drive future revenue beyond the current quarter.
Background
Tempus Labs reported its Q3 2026 results, highlighting a 23% revenue increase, a 300% jump in MRD tests, and new strategic collaborations with Merck, Moderna and BMS.
Market effects
Strong growth in oncology diagnostics and data services may boost health‑tech sector sentiment.
US biotech and health‑tech stocks could see modest upside following the earnings beat.
Limited; impact confined to US‑listed health‑tech and data‑analytics peers.
Counterpoint
Investors may question the sustainability of rapid MRD test growth given competitive pressures.
Key entities
- companyTempus Labs
AI‑driven precision medicine company reporting Q3 results.
- partnerMerck
Strategic collaborator on neoantigen therapy.
- partnerModerna
Strategic collaborator on neoantigen therapy.
- partnerBMS
Strategic collaborator on oncology data licensing.


