AC Immune (ACIU) Q2 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q2 2026 earnings summary
31 Aug, 2026Executive summary
Advanced clinical pipeline with key wholly-owned programs nearing major data readouts in H2 2026, including ACI-7104 in Parkinson's and ACI-19764 for neuroinflammation.
Partnered programs with Takeda and Lilly generated significant milestone payments, supporting financial stability.
Cash resources of CHF 75.4 million as of June 30, 2026, expected to fund operations into Q4 2027.
Financial highlights
Total revenue for H1 2026 was CHF 16.2 million, up from CHF 2.3 million in H1 2025, driven by milestone payments from Lilly (CHF 11.0 million) and Takeda (CHF 5.2 million).
R&D expenses decreased to CHF 22.2 million from CHF 32.7 million year-over-year, reflecting pipeline focus and lower operational spend.
Net loss narrowed to CHF 12.9 million from CHF 40.2 million year-over-year.
Cash and short-term financial assets totaled CHF 75.4 million at June 30, 2026.
Outlook and guidance
Full results from Part 1 of the Phase 2 VacSYn trial in Parkinson's disease expected in H2 2026.
Initial Phase 1 and 1b results for ACI-19764 NLRP3 inhibitor anticipated in H2 2026.
Lead declaration for Morphomer a-syn aggregation inhibitor expected in H2 2026.
Cash runway projected into Q4 2027, excluding additional milestone payments.
Latest events from AC Immune
- Pipeline expansion and 2022 readouts ahead, alongside a CHF 73.0M net loss.ACIU
Q4 2021 - Pipeline milestones advanced as CHF 122.6m in liquidity extended runway into Q3 2024.ACIU
Q4 2022 - 2024 clinical readouts could de-risk the pipeline, with cash runway into Q1 2026.ACIU
Q4 2023 - VacSYn results support advancing ACI-7104 into an expanded Phase 2 study.ACIU
Investor presentation - ACI-7104 advanced as Q3 losses narrowed and cash runway extended into Q1 2028.ACIU
Q3 2026 - Advanced neurodegeneration pipeline and major pharma deals drive strong growth prospects.ACIU
Investor presentation - ACI-7104 met safety and immunogenicity endpoints, advancing toward larger Parkinson’s testing.ACIU
Study result - Precision prevention pipeline advances with strong clinical data and major pharma partnerships.ACIU
Investor presentation - Milestone payments and clinical progress support improved financials and outlook for 2026.ACIU
Q1 2026