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WuXi AppTec raises full-year revenue guidance to 6.10-6.19 billion yuan for second straight quarter
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Guojin Securities reported that WuXi AppTec's revenue for the first three quarters of 2026 reached 45.54 billion yuan, with adjusted net profit attributable to shareholders of 18.38 billion yuan, up 38.6% and 74.4% year-on-year respectively. Backlog for continuing operations stood at 76.74 billion yuan as of end-September, up 36.4% year-on-year, significantly exceeding expectations. The company raised its full-year revenue guidance for the second consecutive quarter to 61.0-61.9 billion yuan and increased capital expenditure to 8.0-8.5 billion yuan, driven by strong growth in small molecule D&M and TIDES businesses. Guojin Securities expects the company's earnings growth foundation to strengthen and maintains a "Buy" rating.
Source report
Source: Guojin Securities research note — "Continuously Raising Performance Guidance, Backlog Accelerating" (October 28, 2026)
Key Financials (First Three Quarters of 2026)
- Revenue: RMB 45.54 billion, up 38.6% year-on-year
- Adjusted net profit attributable to shareholders: RMB 18.38 billion, up 74.4% year-on-year
Backlog
- Backlog for continuing operations as of the end of September: RMB 76.74 billion, up 36.4% year-on-year, significantly exceeding expectations
Guidance Updates
- Full-year revenue guidance raised to RMB 61.0–61.9 billion — the company's second consecutive quarterly upward revision
- Capital expenditure guidance raised to RMB 8.0–8.5 billion
Business Highlights
- Strong growth in small-molecule D&M and TIDES businesses
Analyst View
Guojin Securities expects the company's earnings growth foundation to strengthen and maintains a "Buy" rating on the stock.
Source
research_reportNeutral / independent
Part of this Story
WuXi AppTec Raises 2026 Revenue Guidance to RMB 61.0–61.9 Billion After Strong Q3