Vertex Pharmaceuticals, Inc.

Vertex Pharmaceuticals, Inc.

VRTX

Get informed when a big investor buys or sells

+ Follow
Market Cap$125.91B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Vertex Pharmaceuticals, Inc.Vertex Pharmaceuticals, Inc.28.6-22%10.1-

Earnings Call Q2 2026

August 3, 2026 - AI Summary

Strong Q2 momentum + raised revenue outlook (and margin guidance unchanged) - Q2 total revenue: $3.3B, +12% YoY, driven mainly by CF and growing contributions from CASGEVY and JOURNAVX. - Raised full-year 2026 total revenue guidance to $13.1B–$13.2B (includes continued CF strength; CASGEVY + JOURNAVX growing; ~150 bps FX benefit net of hedging). - Gross margin outlook: just under 86% for full year (Q2 gross margin 85.6%; step-down expected from mix and manufacturing network investments, especially in 2H). - Non-GAAP operating expenses: reiterating $5.65B–$5.75B, now expecting the high end (more commercialization + late-stage clinical investment). - EPS (non-GAAP) $4.73 in Q2 (+5% YoY). - Capital return: repurchased ~1M shares for ~$455M in Q2; confidence to keep buybacks while still prioritizing growth investments.
Commercial leaders scaling: ALYFTREK surpasses $1B H1; JOURNAVX pain launch gaining traction - ALYFTREK: crossed >$1B revenue in the first half of 2026; strong switch momentum (majority of ALYFTREK revenue from TRIKAFTA switches), plus uptake from rare mutation approvals and open-label extension roll-offs. - EU launch strength: “no augmented liver monitoring requirement” in EU; in Germany/UK >1 in 3 eligible CF patients benefiting from ALYFTREK. - CASGEVY (heme/gene therapy): Q2 revenue $76M; ~75% sequential growth vs Q1 and >150% YoY; patients treated rising—management emphasized infusion timing creates quarter-to-quarter revenue volatility. - JOURNAVX (acute pain): Q2 revenue $50M, ~70% sequential growth and ~45% sequential prescription growth vs Q1. - Prescriptions: ~535k in Q2; ~900k in 1H. - Access: ~260M lives covered total, ~180M unrestricted (some plans have quantity limits/prior auth → PSP use). - Expectation: gross-to-net normalizing in line with oral branded meds with timing targeted for first half of 2027.
R&D progress is steady-to-accelerating across renal + CF next-gen + ADPKD - IgAN (Pove) regulatory milestone: FDA accepted BLA with Nov 30 PDUFA date (Phase III RAINIER interim analysis described as “home run” with statistically significant, clinically meaningful results across primary and secondary endpoints; safety favorable). - Pove in membranous nephropathy: Phase II complete; Phase III dose selected by IDMC: 80 mg SC every 4 weeks. (Fast-moving program progression; Phase III already underway.) - ADPKD (VX-407): AGLOW Phase II completed enrollment; data expected as dosing matures (proof-of-concept duration up to 52 weeks).

Exclusive for Stockcircle Pro members

Sign upSign Up
$538.65

Target Price by Analysts

8.6% upsideVertex Pharmaceuticals Target Price DetailsTarget Price
$593.26

Current Fair Value

19.6% upside

Undervalued by 19.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$125.91 Billion
Enterprise Value$119.76 Billion
Dividend Yield$- (-)
Earnings per Share$15.46
Beta0.29
Outstanding Shares253,900,000

Return

Return on Equity21.76%ROE
Return on Assets16.06%
Return on Invested Capital21.70%

Valuation & Multiples

P/E Ratio28.64P/E Ratio
PEG442.21PEG
Price to Sales10.12Price to Sales
Price to Book Ratio6.28Price to Book Ratio
Enterprise Value to Revenue9.51
Enterprise Value to EBIT23.5
Enterprise Value to Net Income27
Total Debt to Enterprise0
Debt to Equity0Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 3, 2026
EPS Estimate
$4.74
Average shareholder expectation
Revenue Estimate
$3.23 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 2, 2026
EPS Estimate
$4.79
Average shareholder expectation
Revenue Estimate
$3.40 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio8.0000 721.53%
Total Calls100 99.99%
Total Puts800 99.94%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %3.71% 88.81%
Total Invested$4.64B 95.58%
Investors Holding738 1014.00%

ESG Score

No data

About Vertex Pharmaceuticals, Inc.

CEO: Jeffrey Leiden