10x Genomics, Inc. Earnings Recaps
Q1 2026
May 8, 2026
Shares declined 5% as investors reacted negatively to cautious commentary on growth momentum and the outlook, despite new product launches. The market appears disappointed by signs of deceleration and lack of clear near-term revenue upside from the recently introduced Atara platform.
Key takeaways
- Q1 revenue reached $151 million, up 9% year-over-year excluding a prior nonrecurring item.
- Single cell consumable volumes showed double-digit growth, driven by FLEX and FLEX Apex products.
- Spatial biology consumables also grew double digits, supported by Xenium; however, adoption remains early-stage.
- The new Atara instrument, touted as a major innovation enabling spatial whole transcriptome analysis at scale, is in early launch with promising initial feedback but no quantifiable contribution yet.
- Management emphasized the long-term potential of Atara but did not provide clear near-term guidance upside, suggesting cautious investor expectations on ramp and margins.
Q3 2025
Nov 7, 2025
10X Genomics reported a solid third quarter, exceeding revenue expectations with $149 million driven by strong demand for both single-cell and spatial biology products despite ongoing macroeconomic challenges.
Key takeaways
- Total revenue of $149 million surpassed guidance, reflecting strong execution amid macro pressures.
- Significant year-over-year growth in spatial consumables, particularly for Xenium, continued to drive momentum.
- Expansion of product offerings, including new Chromium Flex and Xenium protein, is anticipated to enhance market adoption and streamline workflows.
- Ended the quarter with a robust $482 million cash position, ensuring flexibility for strategic investments.
- Customer sentiment indicates sustained cautious spending behavior, particularly concerning capital expenditures.