Biogen Inc

Biogen Inc

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Market Cap$28.84B
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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Biogen IncBiogen Inc21-7%2.90.4

Earnings Call Q1 2026

April 29, 2026 - AI Summary

Strong Q1 Performance: Biogen reported total revenue of $2.5 billion for Q1 2026, representing a 2% year-over-year increase. The company achieved GAAP diluted EPS of $2.15, up 31% year-over-year, and non-GAAP diluted EPS of $3.57, reflecting an 18% increase year-over-year. Their growth products generated $851 million in revenue, up 12%, indicating a solid recovery and stabilization in the business after several years of revenue decline.
LEQEMBI Growth and Strategic Initiatives: LEQEMBI's revenue reached $168 million in Q1 2026, soaring 74% year-over-year. Biogen is actively working to improve the care pathway for this Alzheimer’s treatment, including the upcoming PDUFA date for its induction subcutaneous formulation on May 24. The company is leveraging real-world data to enhance treatment persistence among patients.
Biogen's Expansion into Nephrology and Immunology: The proposed acquisition of Apellis Pharmaceuticals is anticipated to strengthen Biogen's portfolio with products such as SYFOVRE and Empaveli. The integration will extend Biogen's reach into immunology and rare diseases, potentially making it accretive to earnings per share (EPS) in 2027. The focus will include building a nephrology franchise to capitalize on emerging opportunities in the sector.

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$217.33

Target Price by Analysts

11.9% upsideBiogen Target Price DetailsTarget Price
$408.00

Current Fair Value

110% upside

Undervalued by 110% based on the discounted cash flow analysis.

Share Statistics

Market cap$28.84 Billion
Enterprise Value$32.11 Billion
Dividend Yield$- (-)
Earnings per Share$8.85
Beta0.2
Outstanding Shares147,200,000

Return

Return on Equity7.36%ROE
Return on Assets4.65%
Return on Invested Capital3.46%

Valuation & Multiples

P/E Ratio20.95P/E Ratio
PEG63.78PEG
Price to Sales2.9Price to Sales
Price to Book Ratio1.54Price to Book Ratio
Enterprise Value to Revenue3.23
Enterprise Value to EBIT35
Enterprise Value to Net Income23
Total Debt to Enterprise0.21
Debt to Equity0.36Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$3.04
Average shareholder expectation
Revenue Estimate
$2.25 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$3.18
Average shareholder expectation
Revenue Estimate
$2.43 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.3333 68.76%
Total Calls1,294,349 62.94%
Total Puts1,725,764 23.47%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %91.53% 3.77%
Total Invested$24.61B 0.11%
Investors Holding1,044 6.00%

ESG Score

No data

About Biogen Inc

7,300 employees
CEO: Josephine Price

At Biogen, mission is clear: company is pioneer in neuroscience. Biogen discovers, develops and delivers worldwide innovative therapies for people living with serious neurological and neurodegenerative diseases as well as related therape...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides crucial analysis and revenue estimates for all tax legislation. Its technical expertise and reports directly influence corporate tax structures, capital investment credits, and the overall tax burden on industries like biotechnology, fundamentally impacting Biogen's financial planning and profitability.

Finance

This powerful committee controls taxation, trade, and entitlement spending (Medicare/Medicaid). Decisions on corporate tax policy directly impact Biogen's profitability, and policies related to Medicare pricing for drugs are critically important for its revenue streams and market access.

Health, Education, Labor, and Pensions

This committee directly regulates the FDA, which is the primary body for drug approval, a critical process for Biogen. Its oversight of the NIH also influences the broader research ecosystem that Biogen operates within, directly impacting its pipeline and market opportunities.

Judiciary

This committee's oversight of intellectual property (patents) is critical for pharmaceutical and biotech companies like Biogen, protecting their R&D investments. Its role in antitrust enforcement can also significantly influence mergers, acquisitions, and competitive practices within the industry.