Biogen Beats Q1 Earnings Expectations As Two Newcomer Drug Sales Spike, Avoids Tariff Impact
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2025
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Should l Buy BIIB?
Source: Benzinga
Earnings Report: Biogen Inc. reported Q1 2025 adjusted earnings per share of $3.02, down from $3.67 a year ago but above the analyst consensus of $2.52, with total sales reaching $2.43 billion, exceeding expectations.
Revenue Trends and Guidance: The company anticipates a mid-single-digit percentage decline in total revenue for 2025, primarily due to falling multiple sclerosis product revenues, while new product launches may provide some offset; potential tariffs are not expected to significantly impact the financial outlook.
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Analyst Views on BIIB
Wall Street analysts forecast BIIB stock price to rise
26 Analyst Rating
11 Buy
14 Hold
1 Sell
Moderate Buy
Current: 189.280
Low
143.00
Averages
204.45
High
246.00
Current: 189.280
Low
143.00
Averages
204.45
High
246.00
About BIIB
Biogen Inc. is a global biopharmaceutical company. The Company is focused on discovering, developing, and delivering advanced therapies for people living with serious and complex diseases worldwide. It operates a portfolio of medicines to treat multiple sclerosis (MS), spinal muscular atrophy (SMA), Alzheimer's disease, and amyotrophic lateral sclerosis (ALS). It is focused on advancing its pipeline in neurology, specialized immunology, and rare diseases. Its marketed products include TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI and FAMPYRA for the treatment of MS; SPINRAZA for the treatment of SMA; SKYCLARYS for the treatment of Friedreich's Ataxia; QALSODY for the treatment of ALS, and FUMADERM for the treatment of severe plaque psoriasis. It also collaborations with Eisai on the commercialization of LEQEMBI for the treatment of Alzheimer's disease and Sage on the commercialization of ZURZUVAE for the treatment of Postpartum Depression (PPD).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Competitive Market Dynamics: Despite competition from Novo Nordisk, CEO David Ricks emphasized that the company can overcome price declines through higher volumes, with U.S. drug prices down 7% but volumes up 49%, showcasing strong demand for its GLP-1 products.
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- Sales Growth: Sales of Leqembi surged by 74% to $168 million, serving as a key driver for revenue growth, while Skyclarys also exhibited strong double-digit growth, showcasing Biogen's success in new drug development.
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- Acquisition Outlook: Biogen's proposed acquisition of Apellis is expected to be accretive by 2027, highlighting the company's strategic intent to expand commercial growth and enhance its nephrology portfolio, thereby driving future revenue growth.
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- 2026 Earnings Outlook Adjustment: Biogen now expects its 2026 non-GAAP diluted EPS to range between $14.25 and $15.25, below the consensus of $15.55, highlighting the impact of acquired IPR&D charges on profitability and raising concerns about future growth.
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