Biogen Inc

BIIB: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Biogen Earnings: Apellis Products Boost Growth Ahead of Key Lupus Readout

Jay Lee

Oct 29, 2026

Biogen's revenue grew 11% year over year in the third quarter, while non-GAAP earnings per share declined 46%, including $284 million of acquired in-process research and development expense. Management narrowed its full-year guidance for underlying EPS to $15.95-$16.75 from $15.85-$16.85.

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Biogen Inc

Biogen Earnings: Apellis Products Boost Growth Ahead of Key Lupus Readout

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