Biogen Inc.

Biogen Inc.

Biogen Inc is a US-based biotechnology company focused on treatments for neurological and neurodegenerative conditions. Investors should know the company mixes mature revenue-generating drugs for multiple sclerosis and spinal muscular atrophy with a high-profile and sometimes volatile research pipeline. Biogen’s market capitalisation is around $21.44B, which reflects both its commercial products and the market’s view of future approvals and patent timelines. Key drivers include clinical trial results, regulatory decisions, patent expiries and partnerships; these events can move the share price substantially. There is also reputational and regulatory risk following past controversy over Alzheimer’s therapy approvals. Biogen may appeal to investors who want exposure to neuroscience-focused biotech, but suitability depends on risk tolerance, investment horizon and portfolio diversification. This is general educational information only and not personalised investment advice β€” consider seeking independent financial advice and review the company’s latest filings before making decisions.

Why It's Moving

Biogen Inc.

Biogen Beats Q4 Expectations but Flags 2026 Revenue Dip Amid Pipeline Momentum

Biogen wrapped 2025 with $9.9B in revenue and strong Non-GAAP EPS of $15.28, beating guidance, while Q4 sales topped estimates at $2.28B despite a 7% yearly drop. Investors are parsing the mid-single-digit revenue decline outlook for 2026 against robust growth in LEQEMBI and rare disease drugs, fueling a Moderate Buy consensus from analysts.
Sentiment:
βš–οΈNeutral
  • Q4 revenue surprised positively by 3% at $2.28B with Non-GAAP EPS of $1.99 crushing forecasts by 23%, driven by 54% surge in LEQEMBI sales to $134M signaling Alzheimer's therapy traction.
  • Growth products jumped 19% for the year, offsetting 7% MS declines, as rare disease revenue climbed 8% via strong SKYCLARYS and ZURZUVAE demand.
  • Pipeline heats up with FDA Priority Review for LEQEMBI expansion and Breakthrough Therapy nod for litifilimab, setting stage for multiple Phase 3 wins through 2029.

When is the next earnings date for Biogen Inc. (BIIB)?

Biogen's next earnings date is scheduled for April 30, 2026, covering the Q1 2026 financial results. This follows the recent Q4 2025 report released on February 6, 2026. Executives are expected to discuss the quarter's performance and forward outlook during the earnings call.

Stock Performance Snapshot

Buy

Analyst Rating

Analysts recommend buying Biogen's stock, expecting potential growth despite a slightly lower target price.

Above Average

Financial Health

Biogen is performing well with strong revenue and profits, alongside healthy cash flow generation.

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

Baskets Featuring BIIB

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Published: August 1, 2025

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Beyond Leqembi: The Alzheimer's Treatment Frontier

Beyond Leqembi: The Alzheimer's Treatment Frontier

New long-term data shows Eisai and Biogen's Alzheimer's drug, Leqembi, effectively slows cognitive decline over four years, confirming its market-leading position. This breakthrough validates the underlying scientific approach, creating investment opportunities in other companies developing similar neurodegenerative therapies and diagnostic tools.

Published: July 30, 2025

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The Alzheimer's Treatment Ecosystem

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Published: July 27, 2025

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Pharma's American Reshoring Wave

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Why You’ll Want to Watch This Stock

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Revenue and Pipeline

Biogen balances established drug sales with pipeline candidates; revenues can provide stability while trial readouts drive outlook, though results may be unpredictable.

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Regulatory Catalysts

Regulatory decisions and trial outcomes are key value drivers β€” positive news can boost sentiment, but setbacks can quickly reverse gains.

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Industry Dynamics

Competition, patent lifecycles and pricing pressure shape long-term prospects; consider diversification and risk tolerance before exposure, as biotech can be volatile.

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