Regeneron Pharmaceuticals, Inc.

Regeneron Pharmaceuticals, Inc.

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Market Cap$80.81B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Regeneron Pharmaceuticals, Inc.Regeneron Pharmaceuticals, Inc.18.70.46%13650468%5.20.1

Earnings Call Q2 2026

July 30, 2026 - AI Summary

Strong financial & commercial momentum (good) - Q2 2026 total revenue: +$17% YoY to $4.3B; non-GAAP EPS: +$11% YoY to $14.29 (GAAP EPS also up but affected by one-offs; net income $1.5B). - Free cash flow: $1.4B in 1H 2026; cash & marketable securities net of debt: $15.1B at quarter end. - Brand performance hitting new highs (key drivers): - Dupixent: $6B global net product sales (Sanofi-reported), +38% YoY (constant currency); management expects continued “long runway” via further indication penetration, age expansion, and international growth. - EYLEA HD (U.S.): ~$596M, +52% YoY and +27% QoQ; for first time, EYLEA HD sales exceeded EYLEA in the quarter. - Libtayo: ~$489M global, +29% YoY (constant currency); in U.S. 20% share of new-to-brand prescriptions in NSCLC.
Cash deployment: buybacks and operating investment; Sanofi collaboration step-up expected (opportunity + watch items) - Sanofi collaboration revenue: record $2.2B in Q2 (about $2.0B of that is Regeneron’s share of profits); share of profits +59% YoY due to improving margins and Dupixent growth. - Sanofi development balance fully repaid (approx. $3.1B when agreement amended); management says this reduces 2025/1H 2026 reported collaboration revenue via mechanical repayment effects. - Forecast implication: with full repayment starting Q3, Sanofi collaboration revenue is expected to “step up” going forward. - Capital return: $2.5B deployed in 1H (incl. repurchases/dividends/business development); $1.2B repurchased in Q2; ~2.4M net shares reduced since end of 2025; $2.5B repurchase authorization remaining. - Dividend mention: dividends included in 1H capital deployment (no new yield guidance provided in the transcript excerpt).
Pipeline catalysts: multiple major readouts and “near-term decision” expectations (opportunity) - Complement (gMG / cemdisiran): - FDA decision expected in November 2026 for cemdisiran (C5 siRNA) monotherapy in generalized myasthenia gravis; EMA decision expected in 2H 2027. - Regeneron also expects registrational PNH data in Q4 2026 for cemdisiran + pozelimab (vs ravulizumab; non-inferiority design vs eculizumab on co-primary endpoints). - Ocular GA: readout planned for 26-week exploratory data in Q4 2026 to inform pivotal strategy; strategy aims to avoid ocular safety issues seen with some therapies by systemic administration and exploring intravitreal optionality/co-formulations. - Oncology: - Lynozyfic (BCMAxCD3): LINKER-MM3 results expected 2027; additional 2028 expectations around MRD negativity in transplant-ineligible first-line and combination settings. - Ubamatamab (MUC16xCD3): promising monotherapy activity; detailed fall 2026 medical-meeting data expected (timing qualitative). - Obesity / obesity-plus-T2D: - Olatorepatide (GLP-GIP dual agonist, in-license): Phase III start later in 2026 in obesity and obesity+T2D; supportive competitive GI tolerability data highlighted.

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$815.65

Target Price by Analysts

4% upsideRegeneron Pharmaceuticals Target Price DetailsTarget Price
$2187.72

Current Fair Value

178.9% upside

Undervalued by 178.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$80.81 Billion
Enterprise Value$80.81 Billion
Dividend Yield$3.64 (0.46%)
Earnings per Share$43.07
Beta0.24
Outstanding Shares103,400,000

Return

Return on Equity13650468.29%ROE
Return on Assets10373112.87%
Return on Invested Capital12363812.15%

Valuation & Multiples

P/E Ratio18.73P/E Ratio
PEG-275.22PEG
Price to Sales5.23Price to Sales
Price to Book Ratio-Price to Book Ratio
Enterprise Value to Revenue5.2
Enterprise Value to EBIT18.05
Enterprise Value to Net Income18
Total Debt to Enterprise0
Debt to Equity0.07Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 7, 2026
EPS Estimate
$10.52
Average shareholder expectation
Revenue Estimate
$3.83 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 27, 2026
EPS Estimate
$13.07
Average shareholder expectation
Revenue Estimate
$4.34 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 108.53%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.38% 80.96%
Total Invested$2.82B 95.88%
Investors Holding520 936.00%

ESG Score

No data

About Regeneron Pharmaceuticals, Inc.

CEO: Leonard Schleifer