Tempus AI, Inc. (TEM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by at this time. I would like to welcome everyone to the Tempus AI first quarter 2026 financial results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. I will now turn the conference over to Liz Crutoholo. You may begin. Thank you. Good afternoon and welcome to Tempest's first quarter 2026 conference call. This afternoon, Tempest released results for the quarter and March 31st, 2026. The press release and overview of the quarter and our latest presentation are available on our IR website. Joining me today from Tempest are Eric Likovsky, founder and CEO of Tempest, and Jim Rogers, CFO. Before we begin, I would like to remind you that during this call, management may make forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For a discussion of these risks, please refer to our 10-K and other subsequent filings with the SEC. During the call, we will discuss non-GAAP financial measures which are not prepared in accordance with generally accepted accounting principles. Definitions of these non-GAAP financial measures, along with reconciliations to the most directly comparable GAAP financial measures, are included in our earnings release, which is available on our IR page. I would now like to turn the call over to Eric. Thank you. Welcome, everybody. We had a great quarter. Revenue was $348.1 million, up a little over 36% year over year. Our diagnostic revenue was $261.1 million, representing almost 35% growth, driven by partic...