First-half trading at Oxford Nanopore Technologies plc was below management’s expectations yet revenue grew 10% year-on-year (12% on a constant currency basis).

The nanopore-based sensing technology firm said that for the six months ended 30th June 2026, revenue is expected to be approximately £116.5 million.

In China revenue declined 16%, ‘reflecting enhanced export control restrictions and changes to commercial operations in the region, and the ongoing geopolitical situation in the Middle East, where revenue declined approximately 14%’.

Outside China and the Middle East, group revenue growth was approximately 16% (constant currency).