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Tempus AI Revenue Up 23%; Gains Cut Net Loss: Rapid Earnings Reaction

Tempus AI (TEM) reported third-quarter revenue up 23% to $411.5 million and raised its 2026 revenue outlook; shares rose about 3.9% in pre-market trading. The net loss narrowed to $14.9 million from $80.0 million, mainly due to $42.8 million in unrealized gains on marketable securities, while the operating loss barely changed at $56.9 million versus $61.0 million. Data and Applications revenue rose 33% to $108.1 million, with a gross margin above 71%, which lifts overall margins. Adjusted EBITDA reached $25.6 million versus $1.5 million a year earlier, though it excludes about $48 million in stock-based pay. The adjusted EBITDA outlook held at about $65 million, implying about $34 million in the fourth quarter, and the article flags Hereditary testing revenue, up just 3%, as a point to watch.

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