Supernus Pharmaceuticals (SUPN) earnings

Similar headwinds reported by sector peers

• channel destocking · Calendar Q3 2026

  3 other companies · customer inventory

  Beta Bionics, Inc. (BBNX) reported: Distributor Inventory Destocking Contributed to 178 bps sequential gross margin decline to 57.3%

  Bausch Health Companies Inc. (BHC) reported: Xifaxan channel inventory normalization At least 300 bps drag on Q4 revenue growth and 500 bps drag on Q4 adjusted EBITDA growth

  COOPER COMPANIES, INC. (COO) reported: U.S. channel inventory reduction impacting CooperVision revenue Caused Q3 CVI revenue to be flat; expected to cause Q4 CVI organic growth to be -2% to flat. Americas would have grown ~5% in Q3 without it.

• demand conditions · Calendar Q3 2026

  2 other companies · demand end market

  Avantor, Inc. (AVTR) reported: Macroeconomic and funding weakness in Europe Europe lagging Americas and Asia due to high energy costs and public budget constraints

  Bausch Health Companies Inc. (BHC) reported: Macroeconomic softness and local competition in China aesthetics Contributed to a 4% organic revenue decline in Solta in Q3

• weather or labor disruption · Calendar Q3 2026

  3 other companies · labor execution

  CENTENE CORP (CNC) reported: Marketplace program integrity, IDR dispute abuse and CMS unauthorized-enrollment actions Reserve strengthening absorbed in Q3 (amount not disclosed); membership ~3.2M at year-end with continued attrition

  QUEST DIAGNOSTICS INC (DGX) reported: Wage Increases 3% to 4% annual pressure (offset by Invigorate program).

  UNIVERSAL HEALTH SERVICES INC (UHS) reported: Public Health Insurance Exchange Attrition 17% volume drop in Q3 FY26 (~$25M drag in Q3; minimum $15M incremental headwind in 2027)

• freight and shipping · Calendar Q3 2026

  2 other companies · logistics supply chain

  ALIGN TECHNOLOGY INC (ALGN) reported: Freight Costs and Aligner Realized Price Compression Clear Aligner ASP declined 2.3% YoY to $1,215; gross margin missed internal outlook of 71% at 70.4%

  Avantor, Inc. (AVTR) reported: Input cost inflation and geopolitical disruption Ongoing inflation across freight and materials, exacerbated by Middle East conflict

• supply chain disruption · Calendar Q3 2026

  3 other companies · logistics supply chain

  AGILENT TECHNOLOGIES, INC. (A) reported: Rising material costs and supply chain headwinds null

  Butterfly Network, Inc. (BFLY) reported: Geopolitical conflict and global supply chain bottlenecks Minor impacts to date; tariffs and AI-driven semiconductor component shortages monitored

  GE HealthCare Technologies Inc. (GEHC) reported: Component and supply chain inflation Negative impact to Q3 gross and EBIT margins from memory chip costs and higher oil prices across logistics