$LEGN

Legend Biotech Corp

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No SEC Form 4 filings for $LEGN in the last 30 days.

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Will Legend Biotech’s (LEGN) Move to Q2 Profitability Reshape Its Investment Narrative?

Legend Biotech (LEGN) reported Q2 2026 revenue of $387.5M, up from $255.1M, and net income of $33.2M, reversing a prior loss. H1 2026 revenue was $692.6M, with net loss reduced to $21.1M. The company projects $2.2B revenue and $464.7M earnings by 2029. Analysts highlight CARVYKTI's role in profitability and pipeline assets. Management changes and CARVYKTI's dominance remain key risks.

Legend Biotech (LEGN) Turns Profitable In Q2, Is The Stock Cheap?

Legend Biotech (LEGN) reported Q2 2026 revenue of $387.5M and net income of $33.2M, reversing a year-earlier loss. The stock has declined 38.5% over 1 year and 68.3% over 3 years, but is up 1.9% year-to-date. Analysts suggest the stock may be undervalued at $21.92, with a fair value estimate of $54.23, citing growth potential in multiple myeloma treatments and expansion opportunities.

LEGN sentiment & insider activity

Over the past 7 days, alphai's AI scored 1 news story mentioning LEGN (Legend Biotech Corp). Coverage has been balanced: 0 bullish, 1 neutral, and 0 bearish.

Recent LEGN coverage spans earnings, financial news and corporate actions.

What's driving LEGN

alphai scores every news story that mentions LEGN with an AI model for sentiment and relevance, and aggregates insider trades from Legend Biotech Corp's SEC EDGAR Form 4 filings. Figures refresh continuously.

News on $LEGN

Score
$LEGNHighAI 8/10

Will Legend Biotech’s (LEGN) Move to Q2 Profitability Reshape Its Investment Narrative?

Legend Biotech (LEGN) reported Q2 2026 revenue of $387.5M, up from $255.1M, and net income of $33.2M, reversing a prior loss. H1 2026 revenue was $692.6M, with net loss reduced to $21.1M. The company projects $2.2B revenue and $464.7M earnings by 2029. Analysts highlight CARVYKTI's role in profitability and pipeline assets. Management changes and CARVYKTI's dominance remain key risks.

$LEGNMed

Legend Biotech (LEGN) Turns Profitable In Q2, Is The Stock Cheap?

Legend Biotech (LEGN) reported Q2 2026 revenue of $387.5M and net income of $33.2M, reversing a year-earlier loss. The stock has declined 38.5% over 1 year and 68.3% over 3 years, but is up 1.9% year-to-date. Analysts suggest the stock may be undervalued at $21.92, with a fair value estimate of $54.23, citing growth potential in multiple myeloma treatments and expansion opportunities.

Certain Restricted Share Units of Legend Biotech Corporation are subject to a Lock-Up Agreement Ending on 16-AUG-2026.

Legend Biotech Corporation disclosed that certain restricted share units held by executive officers, directors, and a shareholder are under a 60-day lock-up ending 16 Aug 2026, starting 17 Jun 2026. After the lock-up, about 175 million ordinary shares (including ADSs) may enter public sale; total shares outstanding are 386,879,583.

$LEGNMedAI 8/10

Legend Biotech (LEGN) Q2 2026 Earnings Call Transcript

Legend Biotech (LEGN) reported Q2 2026 results on an earnings call. Worldwide CARVYKTI net trade sales were $657M (+50% YoY), with U.S. $472M (+32%) and ex-U.S. $185M (+128%). Total revenue was $387.5M (+52%), adjusted net income $63.1M ($0.16/share), and cash $965M. Q3 gross margin guidance was lower-50% range.

$HLTLow

Here Are Wednesday’s Top Wall Street Analyst Research Calls: The Gap, Genmab, Hilton Worldwide, Intuitive Surgical, Marriott International, Merck, Novo Nordisk, Okta, and More

24/7 Wall St. lists Wednesday analyst research calls. Upgrades include Hilton (HLT) to Buy with a $365 target, Intuitive Surgical (ISRG) to Outperform with a $500 target, Merck (MRK) to Outperform with a $143 target, and Okta (OKTA) to Outperform with a $170 target. Downgrades include The Gap (GAP) to Hold, and Novo Nordisk (NVO) to Hold. Initiations cover Genmab (GMAB) and Marriott (MAR).

$LEGNMed

Why is Legend Biotech stock sliding today?

Legend Biotech (LEGN) fell 2.4% in pre-open trading after a Q2 2026 earnings beat. Adjusted EPS was $0.16 versus $0.07 consensus, and revenue was $387.5 million versus $362.81 million expected, with the company reporting its first quarter of company-wide profitability. Oppenheimer downgraded it to Perform and cut its price target to $40 from $75, citing competitive pressure on CARVYKTI and limited near-term catalysts.

$LEGNMedAI 8/10

Legend Biotech (LEGN) Q2 2026 Earnings Call Transcript

Legend Biotech (LEGN) reported Q2 2026 results on an earnings call. Worldwide CARVYKTI net trade sales were $657 million, up 50% YoY. Total revenue was $387.5 million, up 52% YoY, with adjusted net income of $63.1 million ($0.16/share). Cash was $965 million. Q3 gross margin guidance was in the lower 50% range.

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