Tempus AI reports first quarterly profit driven by non-operating income

Tempus AI reported its first quarterly profit for the second quarter of 2026, with revenue reaching $382.5 million, a 21.56% increase compared to the same period last year. The company's performance was bolstered by the release of new AI models and a partnership with CellCarta.

However, analysis of the financial statements indicates that the net profit of $5.64 million was primarily driven by non-operating income rather than core business operations. Approximately $103 million in “other income”—largely consisting of $98.47 million in unrealized gains from stock holdings such as Recursion and Personalis—offset an operating loss of $75.91 million.

While institutional investors like JPMorgan Chase, Goldman Sachs, and Morgan Stanley have increased their holdings, company insiders, including CEO Eric P. Lefkofsky, have engaged in significant stock sales over the past six months. Despite the reliance on non-operating gains for this quarter's profitability, analysts maintain a median price target of approximately $66.00.