Harmony Biosciences (HRMY) Q3 WAKIX Revenue Rose 12% to $268.9M
Harmony Biosciences (HRMY) reported Q3 2026 WAKIX revenue of $268.9M, a 12% increase from the prior year, and maintained its 2026 guidance of $1.0B–$1.04B. Net income was $48.2M, down from $50.9M. The company expects Q1 2027 Phase 1b data for BP-205 and mid-2027 Phase 2 starts.
How this was made

The 30-second read
Why it matters
The earnings release provides the first detailed financial update for Q3 2026, setting expectations for 2026 guidance and future pipeline milestones.
Market read
First earnings report of the quarter; provides new data for traders evaluating small‑cap biotech exposure.
What to watch
The upcoming Phase 1b data for BP-205 in Q1 2027 could be a catalyst that outweighs short‑term guidance concerns.
Background
Harmony Biosciences is a specialty biotech with a commercial product (WAKIX) and an early‑stage pipeline (BP-205).
Ticker impact
Harmony Biosciences reported Q3 2026 revenue of $268.9M, up 12%, and reiterated 2026 guidance of $1.0B–$1.04B.
modest downside as investors price in flat guidance and slight earnings miss
Revenue growth is positive, but unchanged guidance and a dip in net income suggest limited upside; market may react cautiously.
Market effects
Biotech sector may see modest impact as the report highlights a commercial franchise with early‑stage pipeline.
U.S. biotech investors may adjust exposure to small‑cap growth stocks.
Limited; primarily relevant to U.S. biotech and specialty pharma investors.
Counterpoint
If investors focus on the 12% revenue growth and upcoming BP-205 data, the stock could rally on upside potential.
Key entities
- companyHarmony Biosciences
Biotech firm reporting Q3 2026 results.