10x Genomics (NASDAQ: TXG) boosts Q1 2026 margins on consumables growth
10x Genomics (NASDAQ: TXG) reported Q1 2026 revenues of $150.8 million, a 3% decrease from the prior year due to the absence of a one-time license and royalty revenue from a 2025 settlement. Despite the revenue dip, the company narrowed its net loss to $13.5 million from $34.4 million, driven by a 9% increase in core products and services revenue, led by 13% growth in consumables, and a 15% reduction in operating expenses. Gross margin improved to 70% from 68%, supported by lower inventory write-downs and warranty costs.
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