Novavax (NVAX) reported second-quarter 2026 total revenue of $57 million, down 76% from $239 million a year earlier. The company posted a net loss of $53 million, compared with net income of $107 million in the same period of 2025.
Novavax raised its full-year 2026 revenue framework for adjusted total revenue to $235 million to $275 million and improved its GAAP combined R&D and SG&A expense guidance by $10 million at the midpoint.
- Total revenue was $57 million in Q2 2026, compared with $239 million in Q2 2025.
- Product sales were $19 million, up 76% from the prior-year period.
- Net loss was $53 million, compared with net income of $107 million a year earlier.
- Cash, cash equivalents, marketable securities and restricted cash totaled $724 million as of June 30, 2026.
- Novavax expects adjusted total revenue of $235 million to $275 million for full-year 2026.
- The company said completion of manufacturing technology transfer to Sanofi is expected in mid-2027 and would trigger a $75 million milestone payment.
$NVAX Hedge Fund Activity
We have seen 101 institutional investors add shares of $NVAX stock to their portfolio, and 108 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- COATUE MANAGEMENT LLC added 3,836,986 shares (+inf%) to their portfolio in Q1 2026, for an estimated $31,233,066
- MORGAN STANLEY removed 3,145,950 shares (-84.6%) from their portfolio in Q1 2026, for an estimated $25,608,033
- BANK OF AMERICA CORP /DE/ removed 1,653,452 shares (-19.9%) from their portfolio in Q1 2026, for an estimated $13,459,099
- POINT72 ASSET MANAGEMENT, L.P. added 1,501,776 shares (+9137.7%) to their portfolio in Q1 2026, for an estimated $12,224,456
- SG AMERICAS SECURITIES, LLC removed 835,303 shares (-85.6%) from their portfolio in Q1 2026, for an estimated $6,799,366
- HRT FINANCIAL LP removed 834,223 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $6,790,575
- JEFFERIES FINANCIAL GROUP INC. added 673,120 shares (+inf%) to their portfolio in Q1 2026, for an estimated $5,479,196
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
