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Biogen Inc. (BIIB)

216.65 -1.85 (-0.85%)
At close: August 31 at 4:00:01 PM EDT
215.00 -1.65 (-0.76%)
Pre-Market: 6:39:47 AM EDT
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54m ago
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Biogen's stock has shown a 6.5% increase since its last earnings report, driven by strong growth in new products and raised earnings guidance. Analysts remain cautious due to past revenue declines and competitive pressures, but there are positive signals from upcoming clinical trials and a strengthened pipeline.

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  • Previous Close 218.50
  • Open 216.47
  • Bid 205.67 x 100
  • Ask 229.95 x 100
  • Day's Range 213.58 - 218.88
  • 52 Week Range 133.53 - 222.85
  • Volume 807,712
  • Avg. Volume 1,127,863
  • Market Cap (intraday) 32.011B
  • Beta (5Y Monthly) 0.16
  • PE Ratio (TTM) 38.76
  • EPS (TTM) 5.59
  • Earnings Date Oct 29, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 236.22

Biogen Inc. discovers, develops, manufactures, and delivers therapies in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, and TYSABRI for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; SKYCLARYS to treat Friedreich's Ataxia; QALSODY for treating amyotrophic lateral sclerosis; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE. It offers LEQEMBI for the treatment of Alzheimer's disease; ZURZUVAE for the treatment of postpartum depression; RITUXAN to treat non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin's lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for aRelapsed or refractory diffuse large B-cell lymphoma; and other anti-CD20 therapies. Biogen Inc. has collaboration and license agreements with Merz Therapeutics; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; UCB; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis; and Sage Therapeutics, Inc., as well as collaborations with Stoke Therapeutics, Inc. for the development and commercialization of zorevunersen, a disease modifying medicine for the treatment of Dravet syndrome; Dayra Therapeutics, Inc. to develop oral macrocyclic peptides; Vanqua Bio, Inc. for developing Vanqua's preclinical oral C5aR1 antagonist compound; City Therapeutics, Inc. to develop select novel RNAi therapies; and ALTEOGEN Inc. to develop subcutaneous (SC) formulations of biologics utilizing ALT-B4. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.

www.biogen.com

7,500

Full Time Employees

December 31

Fiscal Year Ends

Performance Overview

Trailing total returns as of 8/31/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

BIIB
23.10%
S&P 500 (^GSPC)
12.28%

1-Year Return

BIIB
63.86%
S&P 500 (^GSPC)
18.98%

3-Year Return

BIIB
18.97%
S&P 500 (^GSPC)
70.51%

5-Year Return

BIIB
36.07%
S&P 500 (^GSPC)
69.95%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 2.74B
Earnings 97.5M
Profit Margin 3.56%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
500M
1B
2B
2B
3B
0.0%
5.0%
10.0%
15.0%
 

Analyst Insights

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Top Analyst

Jefferies
57/100
Latest Rating
Buy
 

Analyst Price Targets

165.00 Low
236.22 Average
216.65 Current
300.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 8/25/2026
Analyst RBC Capital
Rating Action Maintains
Rating Outperform
Price Action Raises
Price Target 240 -> 260
 

Statistics

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Valuation Measures

Annual
As of 8/27/2026
  • Market Cap

    32.73B

  • Enterprise Value

    39.80B

  • Trailing P/E

    39.34

  • Forward P/E

    18.45

  • PEG Ratio (5yr expected)

    1.56

  • Price/Sales (ttm)

    3.27

  • Price/Book (mrq)

    1.74

  • Enterprise Value/Revenue

    3.97

  • Enterprise Value/EBITDA

    18.60

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    8.32%

  • Return on Assets (ttm)

    5.21%

  • Return on Equity (ttm)

    4.57%

  • Revenue (ttm)

    10.03B

  • Net Income Avi to Common (ttm)

    834.6M

  • Diluted EPS (ttm)

    5.59

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.28B

  • Total Debt/Equity (mrq)

    44.33%

  • Levered Free Cash Flow (ttm)

    1.27B

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Company Insights

Fair Value

216.65 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Biogen Earnings: Growth Portfolio Outpaces Legacy Portfolio Erosion; Guidance Raised

    Biogen is an established biopharmaceutical company focused on treatments for neurodegenerative and rare diseases. Its declining multiple sclerosis franchise is its largest revenue generator and contributed 40% of total revenue in 2025. Biogen also generates significant revenue from its CD20 collaboration agreements with Roche (19% of total in 2025), which includes oncology drugs Rituxan and Gazyva and multiple sclerosis drug Ocrevus. Biogen's newer franchises include Spinraza (spinal muscular atrophy, with partner Ionis), Leqembi (Alzheimer's disease, collabroation revenue from its partner Eisai), Skyclarys (Friedreich's ataxia, Reata), Zurzuvae (postpartum depression, Sage), and Qalsody (amyotrophic lateral sclerosis, Ionis).

    Rating
    Price Target
     
  • Biogen and Ionis: Mixed Phase 2 Data for Alzheimer's Disease Candidate

    Biogen is an established biopharmaceutical company focused on treatments for neurodegenerative and rare diseases. Its declining multiple sclerosis franchise is its largest revenue generator and contributed 40% of total revenue in 2025. Biogen also generates significant revenue from its CD20 collaboration agreements with Roche (19% of total in 2025), which includes oncology drugs Rituxan and Gazyva and multiple sclerosis drug Ocrevus. Biogen's newer franchises include Spinraza (spinal muscular atrophy, with partner Ionis), Leqembi (Alzheimer's disease, collabroation revenue from its partner Eisai), Skyclarys (Friedreich's ataxia, Reata), Zurzuvae (postpartum depression, Sage), and Qalsody (amyotrophic lateral sclerosis, Ionis).

    Rating
    Price Target
     
  • Biogen and Ionis: Mixed Phase 2 Data for Alzheimer's Disease Candidate

    Biogen is an established biopharmaceutical company focused on treatments for neurodegenerative and rare diseases. Its declining multiple sclerosis franchise is its largest revenue generator and contributed 40% of total revenue in 2025. Biogen also generates significant revenue from its CD20 collaboration agreements with Roche (19% of total in 2025), which includes oncology drugs Rituxan and Gazyva and multiple sclerosis drug Ocrevus. Biogen's newer franchises include Spinraza (spinal muscular atrophy, with partner Ionis), Leqembi (Alzheimer's disease, collabroation revenue from its partner Eisai), Skyclarys (Friedreich's ataxia, Reata), Zurzuvae (postpartum depression, Sage), and Qalsody (amyotrophic lateral sclerosis, Ionis).

    Rating
    Price Target
     
  • Management lowers guidance, near-term upside seems limited

    Biogen is a biotech company that develops, manufactures, and sells therapies for treating neurological and neurodegenerative diseases. The company is the market leader in MS drugs and launched the first approved treatments for spinal muscular atrophy and AD. The company also sells products that treat plaque psoriasis, non-Hodgkin's lymphoma, lymphocytic leukemia, and rheumatoid arthritis. Current research continues on MS and has expanded to include neuroimmunology, ophthalmology, lupus, and other neuromuscular and movement disorders. Founded in 1978, the company is located in Cambridge, Massachusetts; employs 7,500 people; and is a component of the S&P 500.

    Rating
    Price Target
     

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