ALVO Alvotech

BEARISH Impact: 7/10 PRESS-RELEASE
Horizon days Filed May 6, 2026 Processed 1mo ago Wire GlobeNewswire
Press release: earnings
Latest settled — T+20d ⚠ clustered
ALVO ▼ -1.88% at T+20d
SHORT call ✓ call won +1.88% · α vs SPY +5.01% · entry $3.20 → $3.14
Next anchor: T+60d in 7w
Last close $4.17 (close Jun 12) · -30.31% from $3.20 entry (call sign-flipped)
Entry anchored
May 6, 03:59 PM ET
via Databento tick
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0.00%
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$3.20
settled 6w ago
T+5d
+14.69%
call -14.69% · α -13.18%
$3.67
settled 5w ago
T+20d
-1.88%
call +1.88% · α +5.01%
$3.14
settled 11d ago
T+60d
call — · α —
in 7w

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Executive Summary

Alvotech reported Q1 2026 revenue of $105.9M (down 20% YoY) and a GAAP EPS of -$0.37, far below the $0.06 consensus, due to a production slowdown that impacted revenues and EBITDA. Management maintained 2026 revenue guidance of $650-700M and outlined progress on FDA resubmission and pipeline, but the weak quarterly results will likely pressure the stock near term.

Key Financial Metrics

Guidance
$650-$700 million
maintained
Gross Margin
57%

Actionable Insight

Expect initial negative reaction to the deep EPS miss and revenue decline, but monitor for a potential recovery if the FDA resubmission progresses as planned in Q2. The maintained guidance suggests management sees the production issues as temporary, providing a possible floor.

Key Facts

  • Q1 2026 revenue $105.9M vs $132.8M YoY (down 20.3%)
  • GAAP EPS -$0.37 vs consensus $0.06 (miss of -716.7%)
  • Adjusted EBITDA $24.4M with gross margin of 57%
  • Management maintained 2026 revenue guidance of $650-700M and adjusted EBITDA guidance of $180-220M
  • Production slowdown related to facility improvements impacted quarterly results
  • FDA BLA resubmission planned for Q2 2026; pipeline advances including AVT16/AVT80 submissions and AVT29 pivotal study
  • Entered into strategic manufacturing agreement with FUJIFILM Biotechnologies

Financial Impact

Revenue declined ~$27M YoY; EPS missed consensus by $0.43 per share

revenueepsebitdagross margin

Risk Factors

  • Further delays in FDA resubmission or rejection of BLAs
  • Prolonged production disruptions impacting future revenue
  • Competitive pressure in biosimilar markets
  • Execution risk on pipeline milestones

Market Snapshot

Exchange
Nasdaq
Sector
Biological Products, (No Diagnostic Substances)
Analyst Consensus
75% bullish (12 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3289415
10 reports for ALVO
Performance horizon
33% Hit rate 1 of 3 directional calls best @ T+20▲ +1.88%May 6, 2026
Filters
Rows
Reports for ALVO — sortable, filterable
Type Now
Jun 8, 2026
7d ago
Press Release
NEUTRAL ★ 4/10
$3.55 awaiting T+1awaiting T+1$4.17 (+17.63%)
Jun 8, 2026
7d ago
Press Release
NEUTRAL ★ 4/10
$3.55 awaiting T+1awaiting T+1$4.17 (+17.63%)
Jun 4, 2026
11d ago
Press Release
BULLISH ★ 7/10
$3.74 $3.54▼ −5.35%▼ −2.75%$4.17 (+11.50%)
May 11, 2026
5w ago
Press Release
NEUTRAL ★ 4/10
$3.59 $3.55▼ −1.11%▼ −0.98%$4.17 (+16.16%)
May 11, 2026
5w ago
Press Release
BULLISH ★ 6/10
$3.59 $3.55▼ −1.11%▼ −0.98%$4.17 (+16.16%)
May 6, 2026
5w ago
Press Release
BEARISH ★ 7/10
$3.20 $3.20· 0.00%▲ +0.83%$4.17 (−30.31%)
May 6, 2026
5w ago
Press Release
BEARISH ★ 6/10
$3.20 $3.20· 0.00%▲ +0.83%$4.17 (−30.31%)
Apr 24, 2026
7w ago
Press Release
NEUTRAL ★ 2/10
$3.38 $3.30▼ −2.37%▼ −2.53%$4.17 (+23.37%)
Apr 24, 2026
7w ago
Press Release
NEUTRAL ★ 3/10
$3.38 $3.30▼ −2.37%▼ −2.53%$4.17 (+23.37%)
Mar 4, 2026
14w ago
Press Release
NEUTRAL ★ 3/10
$3.89 $4.16▲ +6.94%▲ +7.51%$4.17 (+7.20%)
Showing 10 of 10

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