BioMarin Pharmaceutical Inc.
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Range $59 – $124
Price Chart
About the company
BioMarin Pharmaceutical Inc. specializes in creating and bringing to market treatments for individuals suffering from severe and often fatal rare disorders and other critical medical conditions. The company currently markets several key pharmaceutical products.
- CEO
- Alexander Hardy
- IPO
- 1999
- Employees
- 3,221
- HQ
- San Rafael, CA, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $13.13B
- P/E
- 178.79
- Fwd P/E
- 13.51
- PEG
- -2.01
- P/S
- 3.85
- P/B
- 2.07
- EV/EBITDA
- 42.68
- Div Yield
- 0.00%
- Gross Margin
- 75.55%
- Op Margin
- 8.02%
- Net Margin
- 2.14%
- ROE
- 1.18%
- ROIC
- 1.25%
Latest fiscal year · YoY change
- Revenue
- $3.22B+12.9%
- Gross Profit
- $2.48B+9.3%
- Op Income
- $533.48M
- Net Income
- $348.90M-18.3%
- EPS
- $1.82-19.1%
- OCF Growth
- +44.5%
- FCF Growth
- +52.5%
- 52W High
- $70.98
- 52W Low
- $49.26
- 50D MA
- $60.22
- 200D MA
- $57.10
- Beta
- 0.23
- RSI (14)
- 63
- Avg Volume
- 2.16M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
BioMarin started 2026 with $766 million of Q1 revenue, $0.76 non-GAAP EPS, and an updated full-year outlook boosted by the closing of the Amicus acquisition.· May 4, 2026
- Q1 revenue was $766 million, up year over year, driven by stronger patient demand in Enzyme Therapies and Voxzogo.
- Non-GAAP diluted EPS was $0.76; management said a $31 million Naglazyme manufacturing charge and Amicus pre-close costs lowered Q1 EPS by $0.20.
- Full-year 2026 total revenue guidance rose to $3.825 billion-$3.925 billion, with midpoint growth of about 20% year over year.
- Enzyme Therapies guidance increased to $2.725 billion-$2.775 billion, now including Galafold and Pombility/Opfolda; Voxzogo guidance stayed at $975 million-$1.025 billion.
- Management highlighted strong early Palynziq adolescent uptake, >20% year-over-year Voxzogo patient growth, and two Q2 pivotal data readouts for hypochondroplasia and BMN-401.
Total Q1 revenue was $766 million, increased year over year. Enzyme Therapies revenue increased 6% year over year, led by Vimizim, Naglazyme, and Brineura. Voxzogo revenue was supported by new patient starts across all regions; management also said patient additions for Voxzogo were up more than 20% year over year. Q1 non-GAAP diluted EPS was $0.76. Cost of sales included a $31 million charge tied to an unsuccessful Naglazyme manufacturing process qualification campaign, which management said did not affect commercial supply but reduced margins and EPS. Management said this charge and Amicus pre-close costs had a $0.20 impact to non-GAAP EPS. For full-year 2026, BioMarin raised Enzyme Therapies revenue guidance to $2.725 billion-$2.775 billion and total revenue guidance to $3.825 billion-$3.925 billion, implying about 20% growth at the midpoint. Voxzogo guidance was maintained at $975 million-$1.025 billion. Non-GAAP diluted EPS guidance was updated to $4.85-$5.05. Management said more than 55% of 2026 revenue is expected in the second half, and about two-thirds of 2026 EPS is expected in the second half. Q2 EPS is expected to be only modestly higher than Q1, with most profitability in Q3 and Q4.
Alexander Hardy framed the quarter as an inflection point, saying the Amicus acquisition opens a new chapter and expands BioMarin’s commercial reach. His tone was upbeat and focused on execution: integrate quickly, use BioMarin’s scale to grow diagnosis and treatment rates, and capitalize on near-term pipeline catalysts. He emphasized that 2026 should be “momentous,” with growth acceleration and broader patient reach as the core strategic priorities.
Brian Mueller focused on the mechanics behind the updated guidance and Q1 results. He said Q1 revenue was $766 million, Q1 non-GAAP EPS was $0.76, and the quarter was weighed down by a $31 million Naglazyme-related charge plus Amicus pre-close costs, totaling a $0.20 EPS impact. He updated 2026 guidance to $3.825 billion-$3.925 billion in revenue and $4.85-$5.05 in non-GAAP EPS, noted that Amicus will be slightly dilutive in 2026 but accretive in the first 12 months after close and substantially accretive in 2027, and said more than 55% of 2026 revenue and about two-thirds of EPS should fall in the second half.
Analysts pressed on how the Amicus assets can grow, asking specifically about diagnosis for Galafold and switch dynamics for Pombility/Opfolda; management said diagnosis is the main lever for Galafold, while switching and evidence generation are key for Pombility/Opfolda. Questions on Voxzogo competition and order timing drew a response that Q1 demand remained strong, with revenue weakness driven entirely by order timing, not price, and no major competitive switch signal yet. Analysts also asked about the updated guidance and peak sales; management said it will provide a fuller Amicus roadmap next quarter, including peak revenue views, synergies, and long-term accretion. On BMN-333 and the ITC case, management said the 2027 update will include six-month AGV and a Bayesian decision on dose selection, while the ITC ruling is expected around August 21, with possible Commission review by December 21.
The bull case from this call is that BioMarin appears to have added two meaningful commercial assets with Amicus, which management says can accelerate 2026 revenue growth to 20% at the midpoint. The core business also showed momentum: Voxzogo patient additions were up more than 20% year over year, Palynziq’s adolescent launch is underway, and the company has multiple near-term pipeline catalysts in Q2.
The bear case is that Q1 earnings were dampened by a $31 million manufacturing charge and Amicus-related costs, and management expects Q2 EPS to be only modestly higher than Q1. There is also execution risk around integrating Amicus, proving switch and diagnosis growth for the new assets, and delivering on upcoming readouts for hypochondroplasia and BMN-401, while the ITC process and competitive pressure in achondroplasia remain unresolved.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.4%
- Shares Outstanding
- 193.28M
- Float Shares
- 192.09M
of shares held by institutions
582 13F filers
Buy/sell ratio 4.50. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for BMRN, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Daniel GoldmanHouse · NY10 | Sell | Mar 6, 23 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Mar 14, 23 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Dec 6, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | May 10, 22 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Oct 18, 21 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Dec 30, 20 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Oct 16, 20 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Sep 15, 20 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Dec 16, 19 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Dec 11, 19 | Filing → |
| Alan S. LowenthalHouse · CA47 | Sell | Aug 15, 19 | Filing → |
| Alan S. LowenthalHouse · CA47 | Sell | Aug 14, 19 | Filing → |
| Alan S. LowenthalHouse · CA47 | Sell | Aug 15, 19 | Filing → |
| Alan S. LowenthalHouse · CA47 | Sell | Aug 14, 19 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 20.45M | ▲ 626.91K |
| Vanguard Group Inc | 18.13M | ▼ 454.74K |
| Dodge & Cox | 14.84M | ▲ 283.17K |
| Primecap Management Co | 14.19M | ▼ 3.82K |
| Vanguard Capital Management LLC | 8.74M | ▲ 100.47K |
| Norges Bank | 8.21M | ▲ 8.21M |
| State Street Corp | 7.80M | ▲ 505.88K |
| Viking Global Investors LP | 7.62M | ▲ 554.49K |
| Vestal Point Capital, LP | 6.03M | ▲ 2.45M |
| Aqr Capital Management LLC | 5.70M | ▼ 1.98M |
| Fmr LLC | 4.82M | ▲ 1.26M |
| Dimensional Fund Advisors LP | 4.08M | ▲ 272.78K |
Held by 626 ETFs
Biggest fund positions in BMRN by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 2, 26 | Countouriotis Athena | other | 7,490 |
| Jun 2, 26 | Walbert Timothy P | other | 7,490 |
| Jun 2, 26 | Ho Maykin | other | 7,490 |
| Jun 2, 26 | HOMBACH ROBERT J. | other | 7,490 |
| Jun 2, 26 | Enyedy Mark J | other | 7,490 |
| Jun 2, 26 | Dere Willard H | other | 7,490 |
| Jun 2, 26 | CLARK IAN T | other | 7,490 |
| Jun 2, 26 | Bodem Barbara W. | other | 7,490 |
| Jun 2, 26 | ANDERSON ELIZABETH M | other | 7,490 |
| May 20, 26 | Hubbard Cristin | other | 2,318 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our BMRN coverage
Recent articles, reports, and earnings notes.
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BioMarin to Acquire Alesta Therapeutics to Gain ALE1, a Potential First Oral Therapy for Hypophosphatasia, Adding an Important Clinical Program to BioMarin's Pipeline
prnewswire.com · Aug 18
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zacks.com · Aug 14
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BMRN vs. ILMN: Which Stock Is the Better Value Option?
zacks.com · Aug 12
Wall Street Analysts See a 28.2% Upside in BioMarin (BMRN): Can the Stock Really Move This High?
zacks.com · Aug 12
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
