Jun 2026 (Q2 FY26) — Jul 30, 2026
Guardant Health Q2 FY26 — Strong Growth Across Segments, Key Shield Milestones, and FDA Approvals
Read the full callGuardant Health earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 335 | +44.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -38.5 | +7.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -120 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $65.46 on 17 Oct 2025 → $157.88. High $187.22 (5 Oct 2026), low $65.46 (17 Oct 2025).
Overview
Call summaries
Guardant Health Q2 FY26 — Strong Growth Across Segments, Key Shield Milestones, and FDA Approvals
Read the full callGuardant Health Q1 FY26 — Strong Revenue Growth and Shield Momentum
Read the full callEvery analysed call
Financials
Net profit, year on year: −20% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 191 | 202 | 203 | 232 | 265 | 281 | 302 | 335 |
| Expenses | 309 | 328 | 315 | 339 | 364 | 402 | 423 | 464 |
| Operating profit | -117 | -126 | -111 | -106 | -99 | -121 | -121 | -129 |
| Operating margin | −61.3% | −62.4% | −54.6% | −45.9% | −37.3% | −43.0% | −40.2% | −38.5% |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -108 | -110 | -95 | -100 | -93 | -130 | -112 | -120 |
| Tax rate | −0.0% | −0.7% | −0.3% | −0.0% | −0.1% | 1.3% | −0.3% | −0.1% |
| Net profit | -108 | -111 | -95 | -100 | -93 | -128 | -112 | -120 |
| EPS ($ per share) | -0.88 | — | -0.77 | -0.80 | -0.74 | — | -0.85 | -0.90 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -281 | -353 | -607 | -1,008 | -1,662 | -2,142 | -2,578 | -2,995 |
| Total liabilities | 62 | 115 | 916 | 1,559 | 1,550 | 1,628 | 1,625 | 2,113 |
| Fixed assets | 31 | 44 | 63 | 124 | 168 | 145 | 137 | 146 |
| Investments | 278 | 380 | 962 | 441 | 870 | — | — | — |
| Total assets | 587 | 963 | 2,272 | 2,204 | 1,610 | 1,786 | 1,486 | 2,014 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -72 | -47 | -104 | -209 | -309 | -325 | -240 | -185 |
| Cash from investing | -153 | -318 | -617 | -63 | 150 | 840 | -261 | -627 |
| Cash from financing | 293 | 367 | 1,410 | -67 | -189 | 477 | -1 | 671 |
| Net cash flow | 68 | 3 | 690 | -341 | -350 | 992 | -504 | -140 |
| Capital expenditure | -20 | -19 | -36 | -75 | -77 | -20 | -35 | -48 |
| Free cash flow | -92 | -66 | -140 | -284 | -387 | -345 | -275 | -233 |
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Reportable | 100% | 100% | 100% | 100% | 100% | 100% | +44.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Oncology test volumes | ~86KOncology test volumes rose 47% to approximately 86,000 tests, up from 59,000 in the prior year period.Source: earnings call transcript | ~104KOncology test volumes rose 63% to approximately 104,000 tests, up from 64,000 in the prior year period with strength across all products.Source: earnings call transcript | — |
| Shield tests Screening | ~44KWe delivered $42 million of Shield testing revenue driven by approximately 44,000 tests compared to $6 million revenue and approximately 9,000 tests in Q1 of 2025.Source: earnings call transcript | ~66KWe delivered $53 million of Shield testing revenue, driven by approximately 66,000 tests compared to $15 million of revenue and approximately 16,000 tests in Q2 of 2025.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Q2 FY2026 · share of revenue
As GH cuts its regions in its filings; they can nest, so they need not add to 100%.
456 filings between Oct 21, 2025 and Oct 14, 2026.
Purchases
$78.5K
1 purchase by 1 insider
Sales
$173.91M
143 sales by 15 insiders
38% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 11 other filings, 6 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Talasaz AmirAli | — | $84.25M | Aug 21, 2026 |
| Eltoukhy Helmy | — | $22.03M | Jun 5, 2026 |
| Freeman Chris | — | $16.92M | Aug 10, 2026 |
| Monroe Terilyn J. | — | $15.95M | Aug 12, 2026 |
| Bell Michael Brian | — | $8.81M | Jun 5, 2026 |
| CLARK IAN T | — | $6.06M | Aug 4, 2026 |
| Kalia Kumud | $78.5K | $5.91M | Sep 11, 2026 |
| Chudova Darya | — | $4.36M | Sep 15, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 14, 2026 | Azar Alex M II Director | Sale 10b5-1 plan | 69 | $11.0K |
| Oct 12, 2026 | Azar Alex M II Director | Option exercise | 137 | $0 |
| Oct 1, 2026 | Eltoukhy Helmy Co-Chief Executive Officer | Option exercise | 9,716 | $0 |
| Oct 1, 2026 | Saia John G. Chief Legal Officer | Option exercise | 1,668 | $0 |
| Oct 1, 2026 | Saia John G. Chief Legal Officer | Tax withheld | 3,706 | $647.6K |
| Oct 1, 2026 | Kalia Kumud Chief Information Officer | Option exercise | 1,084 | $0 |
| Oct 1, 2026 | Eltoukhy Helmy Co-Chief Executive Officer | Option exercise | 23,997 | $0 |
| Oct 1, 2026 | Chudova Darya Chief Technology Officer | Option exercise | 1,340 | $0 |
| Oct 1, 2026 | Chudova Darya Chief Technology Officer | Option exercise | 1,701 | $0 |
| Oct 1, 2026 | Saia John G. Chief Legal Officer | Option exercise | 974 | $0 |
| Oct 1, 2026 | Kalia Kumud Chief Information Officer | Tax withheld | 3,067 | $536.0K |
| Oct 1, 2026 | Chudova Darya Chief Technology Officer | Tax withheld | 4,320 | $754.9K |
| Oct 1, 2026 | Bell Michael Brian Chief Financial Officer | Option exercise | 1,871 | $0 |
| Oct 1, 2026 | Bell Michael Brian Chief Financial Officer | Option exercise | 3,324 | $0 |
| Oct 1, 2026 | Talasaz AmirAli Co-Chief Executive Officer | Option exercise | 23,997 | $0 |
| Oct 1, 2026 | Talasaz AmirAli Co-Chief Executive Officer | Option exercise | 9,716 | $0 |
| Oct 1, 2026 | Kalia Kumud Chief Information Officer | Option exercise | 1,607 | $0 |
| Oct 1, 2026 | Freeman Chris Chief Commercial Officer | Tax withheld | 3,143 | $549.2K |
| Oct 1, 2026 | Saia John G. Chief Legal Officer | Option exercise | 1,496 | $0 |
| Oct 1, 2026 | Chudova Darya Chief Technology Officer | Option exercise | 3,324 | $0 |
| Oct 1, 2026 | Kalia Kumud Chief Information Officer | Option exercise | 1,995 | $0 |
| Oct 1, 2026 | Monroe Terilyn J. Chief People Officer | Option exercise | 2,659 | $0 |
| Oct 1, 2026 | Chudova Darya Chief Technology Officer | Option exercise | 1,668 | $0 |
| Oct 1, 2026 | Saia John G. Chief Legal Officer | Option exercise | 2,925 | $0 |
| Oct 1, 2026 | Bell Michael Brian Chief Financial Officer | Option exercise | 2,085 | $0 |
| Oct 1, 2026 | Freeman Chris Chief Commercial Officer | Option exercise | 1,292 | $0 |
| Oct 1, 2026 | Freeman Chris Chief Commercial Officer | Option exercise | 2,527 | $0 |
| Oct 1, 2026 | Talasaz AmirAli Co-Chief Executive Officer | Tax withheld | 17,087 | $2.99M |
| Oct 1, 2026 | Freeman Chris Chief Commercial Officer | Option exercise | 1,668 | $0 |
| Oct 1, 2026 | Freeman Chris Chief Commercial Officer | Option exercise | 1,929 | $0 |
| Oct 1, 2026 | Bell Michael Brian Chief Financial Officer | Tax withheld | 3,914 | $684.0K |
| Oct 1, 2026 | Monroe Terilyn J. Chief People Officer | Option exercise | 1,360 | $0 |
| Oct 1, 2026 | Monroe Terilyn J. Chief People Officer | Tax withheld | 2,098 | $366.6K |
| Oct 1, 2026 | Kalia Kumud Chief Information Officer | Option exercise | 1,360 | $0 |
| Oct 1, 2026 | Eltoukhy Helmy Co-Chief Executive Officer | Tax withheld | 17,087 | $2.99M |
| Sep 30, 2026 | Eltoukhy Helmy Co-Chief Executive Officer | Option exercise | 2,817 | $0 |
| Sep 30, 2026 | Eltoukhy Helmy Co-Chief Executive Officer | Tax withheld | 1,428 | $254.7K |
| Sep 30, 2026 | Talasaz AmirAli Co-Chief Executive Officer | Option exercise | 2,817 | $0 |
| Sep 30, 2026 | Talasaz AmirAli Co-Chief Executive Officer | Tax withheld | 1,428 | $254.7K |
| Sep 21, 2026 | MIGNONE ROBERTO Director | Option exercise | 264 | $0 |
| Sep 17, 2026 | Hidalgo Medina Manuel Director | Option exercise | 232 | $0 |
| Sep 16, 2026 | Krognes Steve E. Director | Sale | 1,103 | $192.4K |
| Sep 16, 2026 | Krognes Steve E. Director | Sale | 3,300 | $578.9K |
| Sep 16, 2026 | Krognes Steve E. Director | Sale | 1,300 | $229.2K |
| Sep 16, 2026 | Krognes Steve E. Director | Sale | 971 | $172.3K |
| Sep 16, 2026 | Azar Alex M II Director | Sale 10b5-1 plan | 826 | $144.6K |
| Sep 16, 2026 | Tariq Musa Director | Sale 10b5-1 plan | 116 | $20.3K |
| Sep 15, 2026 | Tariq Musa Director | Option exercise 10b5-1 plan | 249 | $0 |
| Sep 15, 2026 | Chudova Darya Chief Technology Officer | Sale | 7,738 | $1.38M |
| Sep 12, 2026 | Azar Alex M II Director | Option exercise | 1,651 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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