Exelixis, Inc. (EXEL) Q1 2026 Earnings Call Transcript

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Exelixis, Inc. (EXEL) Q1 2026 Earnings Call May 5, 2026 5:00 PM EDT

Company Participants

Andrew Peters – Senior Vice President of Strategy
Michael Morrissey – CEO, President & Director
Christopher Senner – Executive VP & CFO
P. Haley – Executive Vice President of Commercial
Dana Aftab – Executive Vice President of Research & Development

Conference Call Participants

Kyuwon Choi – Goldman Sachs Group, Inc., Research Division
Yaron Werber – TD Cowen, Research Division
Sudan Loganathan – Stephens Inc., Research Division
Sean Laaman – Morgan Stanley, Research Division
Tsan-Yu Hsieh – William Blair & Company L.L.C., Research Division
Michael Schmidt – Guggenheim Securities, LLC, Research Division
Silvan Tuerkcan – Citizens JMP Securities, LLC, Research Division
Chi Meng Fong – BofA Securities, Research Division
Leonid Timashev – RBC Capital Markets, Research Division
Kalpit Patel – Wolfe Research, LLC
Etzer Darout – Barclays Bank PLC, Research Division
Ashwani Verma – UBS Investment Bank, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Exelixis First Quarter and Fiscal Year 2026 Financial Results Conference Call. My name is Sherry, and I’ll be your operator for today. As a reminder, this call is being recorded for replay purposes.

I would now like to turn the call over to your host for today, Mr. Andrew Peters, Senior Vice President of Strategy and Investor Relations. Please proceed.

Andrew Peters
Senior Vice President of Strategy

Thank you, Sherry, and thank you all for joining us for the Exelixis first quarter 2026 financial results conference call. Joining me on today’s call are Mike Morrissey, our President and CEO; and Chris Senner, our Chief Financial Officer; Dana Aftab, our Executive Vice President of Research and Development; and P.J. Haley, our Executive Vice President of Commercial, who will review our progress for the first quarter 2026 ended March 31, 2026.

During the call today, we will refer to financial measures not

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