Biogen IncBIIB
▼ NegativeCapitalrelevance
Net income and EPS plunged sharply despite revenue growth, indicating severe margin compression.

Biogen reported second-quarter 2026 revenue of US$2.74 billion, up from US$2.65 billion a year earlier, while net income fell sharply to US$97.5 million and diluted earnings per share from continuing operations dropped to US$0.66 from US$4.33. For the first half of 2026, net income declined to US$417.0 million from US$875.3 million, highlighting a widening gap between sales performance and earnings. The results underscore the pressure on mature multiple sclerosis drugs and the importance of new launches like LEQEMBI, which recently received FDA approval for at-home initiation and presented positive subcutaneous data.
Biogen IncNet income and EPS plunged sharply despite revenue growth, indicating severe margin compression.