Is Repligen’s (RGEN) Rising Revenue But Softer Earnings Rewriting Its Profitability Story?

Repligen Corporation (RGEN) reported rising revenue in Q2 2026, reaching US$204.13 million, but net income and earnings per share fell compared to the previous year. This performance highlights a conflict between increased demand and pressure on profitability due to the company's cost structure and product mix. Investors are advised to consider the impact of margin pressure and product mix shifts on Repligen's ability to convert revenue growth into sustainable earnings.