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Did Biogen Beat Earnings?
Biogen (BIIB) reported Q1 '26 revenue of $2.48B, up 1.9% year-over-year, with reported EPS of $3.57. That topped the $3.03 analyst estimate by 17.8% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Biogen’s job postings, web traffic, and employee business outlook. See the full BIIB stock analysis or the earnings calendar for upcoming reports.
BIIB Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q1 '26 | $3.03 | $3.57 | Beat +17.8% |
| Q4 '25 | $1.61 | $1.99 | Beat +23.6% |
| Q3 '25 | $3.85 | $4.81 | Beat +24.9% |
| Q2 '25 | $3.88 | $5.47 | Beat +41.0% |
| Q1 '25 | $2.95 | $3.02 | Beat +2.4% |
| Q4 '24 | $3.36 | $3.44 | Beat +2.4% |
Biogen Quarterly Financial Trends
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.46B | 2.47B | 2.45B | 2.43B | 2.65B | 2.45B | 2.28B | 2.48B |
| Gross margin | 61.2% | 74.1% | 76.2% | 76.2% | 64.2% | 64.3% | 78.2% | 73.3% |
| Operating margin | 14.9% | 23.4% | 20.7% | 30.1% | 22.2% | 25.0% | -2.5% | 16.0% |
| Net income | 584M | 389M | 267M | 241M | 635M | 467M | -48M | 320M |
| Net margin | 23.7% | 15.8% | 10.9% | 9.9% | 24.0% | 19.0% | -2.1% | 12.9% |
| EPS | $5.28 | $4.08 | $3.44 | $3.02 | $5.47 | $4.81 | $1.99 | $3.57 |
Biogen Earnings Trend Analysis
Over the eight quarters from Q2 '24 to Q1 '26, Biogen’s quarterly revenue moved from $2.46B to $2.48B. Net margin compressed from 23.7% to 12.9%, against a 73.3% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Biogen has beaten Wall Street EPS estimates in 8 of its last 8 reported quarters.
When Is Biogen’s Next Earnings Date?
Biogen reports earnings on a quarterly schedule. Its most recent report covered Q1 '26. For the confirmed upcoming date — and every other company reporting soon — see the BIIB earnings calendar.
Frequently Asked Questions: Biogen Earnings
Biogen's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Biogen reported Q1 '26 EPS of $3.57 on revenue of $2.48B (+1.9% YoY). Biogen beat estimates, reporting $3.57 vs. the $3.03 estimate.
Biogen reported Q1 '26 revenue of $2.48B, up 1.9% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the BIIB AI Score.
