Vertex Pharmaceuticals Incorporated (VRTX) earnings on August 3, 2026

After the market closes Q2 2026

More Vertex Pharmaceuticals Incorporated earnings

Prior outlook: Pessimistic Outcome: Partial

The stock fell early in the day but turned around and closed 1.7% higher, even climbing as much as 3.6% at its best point.

VRTX price around the earnings

478.71

Change: +1.7%

2026-08-04, 20:00 UTC

Start of the measured window End of the measured window
462.18 470.69 479.19 487.70 470.72
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
August 3, 2026 August 4, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published
Results released

Setup is mixed heading into earnings, but the scenario points pessimistic.

Analysts cite a price target of $557, about 18.3% above the current price, and a 75% beat rate, offset by trajectory collapse and negative trend strength into earnings.

Context analyzed before publication

Summary
Setup is mixed heading into earnings, but the scenario points pessimistic.
Trend
Collapsed from 54.7 to 0.9; negative trend strength into event creates deteriorating setup.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.66
Analysts covering the stock
24
Average price target
557.13
Lowest price target
350
Highest price target
652
Upside to price target
18.3%
Quarterly earnings growth
59.6%
Revenue growth
7.8%
Forward EPS
21.34
Trailing EPS
16.84
Analyst moves in the last 60 days
4
  • Strong buy: 4
  • Buy: 19
  • Hold: 4
  • Sell: 1
  • Strong sell: 1
Strong buy
4
Buy
19
Hold
4
Sell
1
Strong sell
1
  • July 13, 2026 · UBS: Maintains rating (Buy → Buy)
  • July 13, 2026 · Truist Securities: Maintains rating (Buy → Buy)
  • July 7, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
  • July 7, 2026 · Baird: Maintains rating (Underperform → Underperform)

Technicals

Evidence

Price when the context was analyzed
477.02
Average true range (ATR)
2.5%
Distance to 52-week high
-11.0%
14-day change (14d)
-1.8%
30-day change (30d)
-4.2%
30-day relative strength
+0.9%
QQQ change (30d)
-5.2%
Nearest support
474.35
Distance to nearest support
0.6%
Nearest resistance
479.14
Distance to nearest resistance
0.5%
Volume accumulation ratio (14d / 46d)
0.82
  • Major: 474.35 (0.6% away, 0.23 ATR, 86 touches)
  • Major: 470.2 (1.4% away, 0.58 ATR, 82 touches)
  • Major: 467.73 (2% away, 0.79 ATR, 68 touches)
  • Major: 479.14 (0.5% away, 0.18 ATR, 71 touches)
  • Major: 483.22 (1.3% away, 0.52 ATR, 66 touches)
  • Major: 487.47 (2.2% away, 0.88 ATR, 45 touches)

Trends

Evidence

Average earnings surprise
+3.2%
  • May 4, 2026: actual EPS 4.47 vs estimate 4.31 (surprise +3.8%)
  • February 12, 2026: actual EPS 5.03 vs estimate 5.15 (surprise -2.3%)
  • November 3, 2025: actual EPS 4.8 vs estimate 4.58 (surprise +4.9%)
  • August 4, 2025: actual EPS 4.52 vs estimate 4.25 (surprise +6.3%)

Expected move

Implied move
+3.8%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.1%
75th percentile move
5.1%
90th percentile move
9%
Up / down moves
10 / 10
Average up move
+3.6%
Average down move
-5.2%

Monitoring and close

What Vertex Pharmaceuticals Incorporated reported

Status
Finished
Actual EPS4.73
EPS estimate4.75
EPS surprise-0.3%
Revenue$3,334 million
Revenue estimate$3,223 million
Revenue surprise+3.4%

Vertex raised its 2026 sales guidance and beat Q2 estimates, but shares fell late Monday following the mixed quarterly report.

Sources (4)

Pre-market second reading after the results

Verdict
In line with expectations

Heading into the open, results beat expectations on revenue but not on earnings, and the price is indicating -0.8% pre-market, a move below the stock's usual reaction (about 3%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.

How the stock reacted

Outcome
Partial
Consolidated
+1.7%
Max favorable move (MFE)
1.7%
Max adverse move (MAE)
3.6%