Prenetics Q2 EPS beats estimate, revenue misses consensus
Prenetics Global posted a Q2 EPS of $(0.53), beating the $(0.71) estimate by 25.35%, while revenue of $46.488 million missed the $48.920M consensus by 4.97%. Sales surged 162.94% YoY from $17.680 million. The company continues to focus on IM8 growth and positive cash flow generation.

*this image is generated using AI for illustrative purposes only.
Prenetics Global Limited (NASDAQ: PRE) reported a mixed set of results for the second quarter of fiscal year 2026, with earnings per share beating analyst expectations while total revenue fell short of consensus estimates.
The company recorded a loss per share of $(0.53), which beat the analyst consensus estimate of $(0.71) by 25.35 percent. This represents a significant improvement over the loss of $(0.82) per share reported in the same period last year, marking a 35.37 percent reduction in losses year-on-year.
However, top-line growth did not meet market expectations. Prenetics reported quarterly sales of $46.488 million, missing the analyst consensus estimate of $48.920 million by 4.97 percent. Despite the miss against estimates, this figure represents a robust 162.94 percent increase over sales of $17.680 million in the same period last year.
Financial Performance and Guidance
The previous reporting highlighted a consolidated revenue of $46.5 million, driven primarily by the IM8 brand. The new data refines this figure to $46.488 million. The IM8 brand, co-founded with David Beckham, remains the primary growth engine, having generated $45.0 million in revenue for the quarter in prior disclosures, marking a 359% year-on-year surge.
| Metric | Q2FY26 Value | Analyst Estimate | Year-on-Year Change |
|---|---|---|---|
| Earnings Per Share | $(0.53) | $(0.71) | Loss narrowed 35.37% |
| Revenue | $46.488 million | $48.920 million | +162.94% |
Management had previously highlighted July 2026 as the strongest month in the company’s history, with IM8 recording $20.9 million in monthly revenue. Building on this momentum, Prenetics raised its full-year FY26 guidance for IM8 revenue to $220-230 million and initiated guidance for fiscal year 2027, projecting IM8 revenue of $400 million or more.
What the Numbers Show
The divergence between earnings performance and revenue expectations highlights the operational leverage achieved by the company. While revenue missed the specific consensus target of $48.920 million, the actual figure of $46.488 million still represents a massive 162.94% expansion from the prior year’s $17.680 million. More notably, the improvement in EPS from $(0.82) to $(0.53) suggests that cost structures are scaling more efficiently than revenue, allowing the company to reduce its loss burden significantly even as it navigates slight shortfalls against high market expectations.
Cash Flow and Strategic Shifts
A key operational milestone was achieved in July 2026, when the company recorded its first month of positive consolidated Adjusted Free Cash Flow. Management expects this metric to remain positive for the third quarter and beyond. The financial results reflect a strategic repositioning under IFRS 5, with discontinued operations presented separately following the divestiture of non-core businesses such as ACT Genomics, Europa, and Insighta.
How sustainable is the positive Adjusted Free Cash Flow trend, and what specific operational levers is management pulling to maintain profitability as IM8 scales?
What are the primary risks or market saturation points that could prevent Prenetics from achieving its aggressive $400 million+ revenue target for IM8 in FY27?
How will the divestiture of non-core businesses like ACT Genomics and Insighta impact long-term R&D capabilities and diversification beyond the consumer wellness sector?




















