ALEC
Alector, Inc.
Alector (ALEC) Q2 2026 earnings
Published Aug 6, 2026
AI summary
- Revenue $3.32M, down 58% from $7.87M a year ago.
- GAAP EPS −$0.21, up from −$0.30 a year ago.
- Alector reported second quarter 2026 revenue of $3.3 million, down from $7.9 million in the prior year period.
- The company narrowed its net loss to $23.0 million, or $0.21 per share, compared to $30.5 million a year ago.
- Operating expenses decreased significantly due to lower personnel costs following recent reductions in force.
Results vs analyst consensus
Revenue
Reported
$3.32M
Consensus not captured before release
−58% YoY
EPS · GAAP
Reported · GAAP diluted EPS
−$0.21
Consensus not captured before release
Prior year: −$0.30
Consensus: Yahoo Finance · Q2 2026
Revenue display rounded; difference uses exact result.
Next quarter outlook
No guidance in this release.
What to watch
- Revenue declined primarily due to lower recognized revenue from the AL101 Alzheimer's program.
- The company reported a stockholders' deficit of $9.97 million as of June 30, 2026.
Read original report
Source: Alector, Inc. press release · SEC Form 8-K exhibit 99.1