BeiGene: Raises Revenue and Performance Forecast Range for Fiscal Year 2026

Beigene announced an adjustment to its operating performance forecast for the year 2026, expecting revenue to be revised from 43.6-45.2 billion yuan to 44.9-46.2 billion yuan, with the gross margin remaining at a high level of around 80%. Total expenses, including R&D, remained unchanged. Revenue, after deducting operating costs, was adjusted from 4.8-5.5 billion yuan to 6.5-7.1 billion yuan, and adjusted operating costs were revised from 10-10.6 billion yuan to 11.5-12.2 billion yuan. The adjustment is attributed to the expansion of Baiyueze in markets such as the United States. There is uncertainty in the performance forecast, and investors are reminded to pay attention to risks.