Why Is ALVOTECH (ALVO) Stock Down Today?

Alvotech (ALVO) shares fell 7.28% to $4.33 following the release of its third-quarter financial results. The decline was driven by a quarterly earnings miss and guidance that points toward the lower end of the company’s full-year revenue outlook.

What Happened

Alvotech reported third-quarter revenue of $111.6 million, which missed the $119.037 million estimate. The company also posted an earnings per share of $(0.23), falling short of the $(0.07) expectation. Adjusted EBITDA rose to $78.3 million. Management affirmed its full-year 2026 guidance of $650 million to $700 million in revenue and $180 million to $220 million in adjusted EBITDA. However, the company expects 2026 results to trend toward the low end of this range. The earnings call highlighted a manufacturing recovery that drove a sharp quarterly rebound, though targets remain conservative.

What The Data Shows

The stock opened at $4.54, a 2.8% gap down from the prior close of $4.67. It reached a session high of $4.63 at 9:30 AM ET before hitting a session low of $4.31 at 9:55 AM ET. Volume stood at 0.2 million shares, which is 0.2 times the three-month daily average. The company has a market capitalization of $1.8 billion and remains unprofitable with a trailing twelve-month EPS of -0.81. Revenue has declined 14.1% over the trailing twelve months, and the net margin is -50.6%. The stock has a beta of 0.24 and a 52-week range of $2.94 to $6.53. Over the last eight sessions, the stock had moved up 2.9% from $4.54 to $4.67. The stock printed six fresh 52-week lows on November 13, 2026.

What To Watch

Investors will monitor how the company executes its manufacturing recovery and whether revenue trends toward the low end of the $650 million to $700 million guidance range. The coverage breadth remains active with multiple stories published in the last 36 hours.