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Research Alert: Guardant Health: Testing Volume Growth Highlights Successful Q1 Results

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Guardant Health delivered one of its strongest quarters with Q1 sales surging 48% to ~$302M, well above the $279M consensus estimate, driven by oncology testing volumes of 86K tests (+47% Y/Y) and screening revenue jumping over 600%. Oncology sales grew 36% to $205M while Shield screening revenue reached $41.6M vs. $5.7M in the prior year, with Shield volumes of ~44K up nearly 400% Y/Y. We believe the recently announced nationwide Quest Diagnostics collaboration supports Shield's momentum and strengthens the growth trajectory. Following these strong results, management raised 2026 sales growth guidance to a 33% midpoint from 28.5% previously. Adjusted gross margin improved to 66% from 65% despite significant volume growth, demonstrating operational leverage. We expect continued acceleration in Shield adoption and oncology volume growth to drive sustained revenue expansion, supported by expanding reimbursement coverage and the Quest partnership enhancing market penetration.

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