Current guidance
15 items
Each item compared with the same item in the previous release (May 11, 2026). Values in quotation marks are the company’s words.
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| Raised | Revenue from royalties | for FY2026 | “$1.130 billion to $1.170 billion, representing growth of 30% to 35% over 2025” | “$1.220 billion to $1.245 billion, representing growth of 41% to 43% over 2025” | Filing ↗ |
| Raised | Royalty Revenue | for FY2026 | “$1.130 to $1.170 billion” | “$1.220 to $1.245 billion” | Filing ↗ |
| Raised | Total revenue | for FY2026 | “$1.710 billion to $1.810 billion, representing growth of 22% to 30% over 2025 total revenue” | “$1.835 billion to $1.910 billion, representing growth of 31% to 37% over 2025 total revenue” | Filing ↗ |
| Raised | Adjusted EBITDA | for FY2026 | “$1.125 billion to $1.205 billion, representing growth of 71% to 83% over 2025” | “$1.225 billion to $1.280 billion, representing growth of 86% to 95% over 2025” | Filing ↗ |
| Raised | Non-GAAP diluted earnings per share | for FY2026 | “$7.75 to $8.25, representing growth of 87% to 99% over 2025” | “$8.65 to $9.00, representing growth of 108% to 117% over 2025” | Filing ↗ |
| Raised | Non-GAAP Diluted EPS | for FY2026 | “$7.75 to $8.25” | “$8.65 to $9.00” | Filing ↗ |
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| Not restated | ENHANZE royalty revenue | for FY2026 | “exceed $1 billion” | — | Filing ↗ |
| Not restated | ENHANZE products in development | for FY2026 | “13” | — | Filing ↗ |
| Not restated | Goal of new SC delivery platform deals | for FY2026 | “three” | — | Filing ↗ |
| Not restated | New drug delivery licensing agreements signed | for FY2026 | “three or more” | — | Filing ↗ |
Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| ENHANZE royalty revenue | “exceed $1 billion” | for FY2026 | GAAP-tied | May 11, 2026 | 1 | Filing ↗ |
| Revenue from royalties | “$1.220 billion to $1.245 billion, representing growth of 41% to 43% over 2025” | for FY2026 | GAAP-tied | Jan 28, 2026 | 3 | Filing ↗ |
| Royalty Revenue | “$1.220 to $1.245 billion” | for FY2026 | GAAP-tied | Jan 28, 2026 | 3 | Filing ↗ |
| Royalty Revenue Expected YoY Growth | “30% to 35%” | for FY2026 | GAAP-tied | Jan 28, 2026 | 1 | Filing ↗ |
| Total revenue | “$1.835 billion to $1.910 billion, representing growth of 31% to 37% over 2025 total revenue” | for FY2026 | GAAP-tied | Jan 28, 2026 | 3 | Filing ↗ |
| Total Revenue Expected YoY Growth | “23% to 30%” | for FY2026 | GAAP-tied | Jan 28, 2026 | 1 | Filing ↗ |
| Adjusted EBITDA | “$1.225 billion to $1.280 billion, representing growth of 86% to 95% over 2025” | for FY2026 | Company-defined | Jan 28, 2026 | 3 | Filing ↗ |
| Hypercon and Surf Bio investment included in Adjusted EBITDA and EPS | “approximately $60 million” | for FY2026 | Company-defined | Jan 28, 2026 | 1 | Filing ↗ |
| Non-GAAP diluted earnings per share | “$8.65 to $9.00, representing growth of 108% to 117% over 2025” | for FY2026 | Company-defined | Jan 28, 2026 | 3 | Filing ↗ |
| Non-GAAP Diluted EPS | “$8.65 to $9.00” | for FY2026 | Company-defined | Jan 28, 2026 | 3 | Filing ↗ |
| ENHANZE products in development | “13” | for FY2026 | Company-defined | May 11, 2026 | 1 | Filing ↗ |
| Expected share repurchases | “at least $400 million of shares” | for FY2026 | Declared action | May 11, 2026 | 2 | Filing ↗ |
| Goal of new SC delivery platform deals | “three” | for FY2026 | Company-defined | May 11, 2026 | 1 | Filing ↗ |
| New drug delivery licensing agreements signed | “three or more” | for FY2026 | Company-defined | Jan 28, 2026 | 1 | Filing ↗ |
| New Hypercon and Surf Bio investment included in | “approximately $60 million” | for FY2026 | Company-defined | May 11, 2026 | 1 | Filing ↗ |
| Partner programs in development | “15” | for FY2026 | Company-defined | Jan 28, 2026 | 1 | Filing ↗ |
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Share repurchase program authorization | “up to $1.0 billion of its outstanding common stock” | for FY2028 | Declared action | May 11, 2026 | 2 | Filing ↗ |
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| New Accelerated Share Repurchase (ASR) program | “$250 million” | — | Declared action | Jan 8, 2025 | 1 | Filing ↗ |
| Share repurchase | “$250 million” | — | Declared action | May 6, 2025 | 1 | Filing ↗ |
| Share repurchase program | “up to $1 billion” | — | Declared action | May 11, 2026 | 1 | Filing ↗ |
| Share repurchase tranche | “$250 million” | — | Declared action | Aug 5, 2025 | 1 | Filing ↗ |
Revenue from royalties, for FY2025 — every statement across the year, each linked to its filing.
12 companies in Biopharma. What they guide on, and who reported this season.
| BioMarin Pharmaceutical | Aug 6, 2026 | 19 changes |
| Halozyme Therapeutics | Aug 6, 2026 | 6 changes |
| Eli Lilly | Aug 5, 2026 | 5 changes |
| Amgen | Aug 4, 2026 | 5 changes |
| Gilead Sciences | Aug 4, 2026 | 15 changes |
| Moderna | Jul 31, 2026 | 8 changes |
| Neurocrine Biosciences | Jul 30, 2026 | 16 changes |
| Regeneron Pharmaceuticals | Jul 30, 2026 | 22 changes |
Every metric, every release, eight quarters — the complete record as one table.
| Metric | FY2028 | FY2026 | FY2025 | FY2024 | No period |
|---|---|---|---|---|---|
| ENHANZE royalty revenue | — | 1 statement | — | — | — |
| Revenue from royalties | — | 3 statements | 4 statements | 1 statement | — |
| Royalty Revenue | — | 3 statements | 4 statements | 1 statement | — |
| Royalty Revenue Expected YoY Growth | — | 1 statement | — | — | — |
| Total revenue | — | 3 statements | 4 statements | 1 statement | — |
The 8 earnings releases this page is built from.
| Filed | Fiscal period | Accession | Guidance items | |
|---|---|---|---|---|
| Aug 6, 2026 | FY2026 Q2 | 0001159036-26-000103 | 8 | Open filing ↗ |
| May 11, 2026 | FY2026 Q1 | 0001159036-26-000067 | 13 | Open filing ↗ |
| Jan 28, 2026 | FY2025 Q4 | 0001159036-26-000011 | 11 | Open filing ↗ |
| Nov 3, 2025 | FY2025 Q3 | 0001159036-25-000044 | 6 | Open filing ↗ |
| Aug 5, 2025 | FY2025 Q2 | 0001159036-25-000033 | 7 | Open filing ↗ |
| May 6, 2025 | FY2025 Q1 | 0001159036-25-000025 | 7 | Open filing ↗ |
| Jan 8, 2025 | FY2024 Q4 | 0001159036-25-000003 | 7 | Open filing ↗ |
| Oct 31, 2024 | FY2024 Q3 | 0001159036-24-000049 | 6 | Open filing ↗ |