Ginkgo Bioworks reports Q2 2026 results, cites new autonomous lab work at four universities

Ginkgo Bioworks Holdings reported results for the second quarter of 2026, the period ended June 30, 2026, on August 5, 2026. Caltech, Northwestern, and the University of Maryland have all commissioned autonomous labs to be built by Ginkgo under the NSF's approximately $400 million investment to establish a national network of AI-enabled "cloud labs".¹ Separately, the MIT Media Lab was awarded a grant from the Massachusetts Life Sciences Center to build a Cloud Laboratory for Learning, supported by Ginkgo RACs.¹

The company also said it has begun work on a $47 million, 97-instrument autonomous lab for the Environmental Molecular Sciences Laboratory at Pacific Northwest National Laboratory.¹ On its own infrastructure, Ginkgo said Nebula is in "ramp" mode, scaling rapidly as it onboards new protocols weekly, with more than 100 robots able to run experiments around the clock for its Cloud Lab, Datapoints and Solutions businesses.¹ The company added it plans to increase the total number of devices housed in Nebula's RACs in the third quarter.¹ In pharma services, Ginkgo said its new ADME-One service is priced at one-tenth of WuXi's, with work done in Boston, and has signed 17 customers in its first six weeks.¹

On financials, Ginkgo reported second quarter 2026 revenue of $20 million compared to $39 million in the prior-year period, a decrease of 48%¹, which the company attributed to ongoing program rationalization as part of its restructuring activities.¹ GAAP net loss from continuing operations was $57 million, compared to $53 million a year earlier, while Adjusted EBITDA was negative $36 million, down from negative $25 million.¹ Cash, cash equivalents and marketable securities totaled $302 million as of June 30, 2026.¹ For the full year, Ginkgo reaffirmed expected total cash burn of $125 million to $150 million in 2026.¹