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Regeneron Pharmaceuticals, Inc. (REGN) stock

REGNNasdaqPharmaceutical PreparationsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 17/309% above fair value
$927.89+109.12 (+13.33%)

Close on Oct 30, 2026Market cap $95.53BP/E 20.5Yield –

Earnings

Regeneron Pharmaceuticals's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Jan 29, 2027
Q4 FY2026 · estimated, before the open
Revenue, Q3 FY2026
$5.10B
+36.0% on a year earlier
non-GAAP EPS, Q3 FY2026
$20.07
$11.83 a year earlier
Latest guidance
Raised
Oct 30, 2026 · 9 items

Quarterly results

Revenue and earnings per share from each of Regeneron Pharmaceuticals's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Jan 29, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 30, 2026before the open$5.10B+36.0%$18.45$20.07Release
Q2 FY2026ended Jun 30, 2026Jul 30, 2026before the open$4.30B+16.8%$12.23$14.29Release
Q1 FY2026ended Mar 31, 2026Apr 29, 2026before the open$3.60B+18.9%$6.75$9.47Release
Q4 FY2025ended Dec 31, 2025Jan 30, 2026before the open$3.90B+2.9%$7.86$11.44Release
Q3 FY2025ended Sep 30, 2025Oct 28, 2025before the open$3.75B+0.8%$13.62$11.83Release
Q2 FY2025ended Jun 30, 2025Aug 1, 2025before the open$3.68B+3.7%$12.81$12.89Release
Q1 FY2025ended Mar 31, 2025Apr 29, 2025before the open$3.03B-3.8%$7.27$8.22Release
Q4 FY2024ended Dec 31, 2024Feb 4, 2025before the open$3.79B+10.5%$8.06$12.07Release
Q3 FY2024ended Sep 30, 2024Oct 31, 2024before the open$3.72B+10.7%$11.54$12.46Release
Q2 FY2024ended Jun 30, 2024Aug 1, 2024before the open$3.55B+12.3%$12.41$11.56Release
Q1 FY2024ended Mar 31, 2024May 2, 2024before the open$3.15B-0.3%$6.27$9.55Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Regeneron Pharmaceuticals's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
GAAP gross margin on net product salesGAAPFY202680%78% – 79%RaisedOct 30, 2026
Non-GAAP gross margin on net product sales (a)non-GAAPFY202686%84% – 85%RaisedOct 30, 2026
Capital expendituresFY2026$1.05B – $1.10B$1.03B – $1.10BRaisedOct 30, 2026
GAAP effective tax rateGAAPFY202614%13% – 14%RaisedOct 30, 2026
GAAP R&DGAAPFY2026$6.60B – $6.74B$6.50B – $6.64BRaisedOct 30, 2026
GAAP R&D expenseGAAPFY2026$6.50B–NewJan 12, 2026
GAAP SG&AGAAPFY2026$2.73B – $2.86B$2.83B – $2.96BLoweredOct 30, 2026
Non-GAAP effective tax rate (a)non-GAAPFY202615%14% – 15%RaisedOct 30, 2026
Non-GAAP R&D (a)non-GAAPFY2026$6.05B – $6.15B$5.95B – $6.05BRaisedOct 30, 2026
Non-GAAP R&D spendnon-GAAPFY2026$7.00B–NewJan 12, 2026
Non-GAAP SG&A (a)non-GAAPFY2026$2.40B – $2.50B$2.50B – $2.60BLoweredOct 30, 2026

Guidance history

Every forecast Regeneron Pharmaceuticals put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 30, 2026Capital expendituresFY2026$1.05B – $1.10BRaised
Oct 30, 2026GAAP gross margin on net product salesFY202680%Raised
Oct 30, 2026Non-GAAP gross margin on net product sales (a)FY202686%Raised
Oct 30, 2026GAAP R&DFY2026$6.60B – $6.74BRaised
Oct 30, 2026GAAP SG&AFY2026$2.73B – $2.86BLowered
Oct 30, 2026Non-GAAP SG&A (a)FY2026$2.40B – $2.50BLowered
Oct 30, 2026Non-GAAP R&D (a)FY2026$6.05B – $6.15BRaised
Oct 30, 2026GAAP effective tax rateFY202614%Raised
Oct 30, 2026Non-GAAP effective tax rate (a)FY202615%Raised
Jul 30, 2026Capital expendituresFY2026$1.03B – $1.10BLowered
Jul 30, 2026GAAP gross margin on net product salesFY202678% – 79%Raised
Jul 30, 2026Non-GAAP gross margin on net product sales (a)FY202684% – 85%Raised
Jul 30, 2026GAAP effective tax rateFY202613% – 14%Raised
Jul 30, 2026Non-GAAP effective tax rate (a)FY202614% – 15%Raised
Jul 30, 2026GAAP R&DFY2026$6.50B – $6.64BRaised
Jul 30, 2026GAAP SG&AFY2026$2.83B – $2.96BLowered
Jul 30, 2026Non-GAAP R&D (a)FY2026$5.95B – $6.05BRaised
Jul 30, 2026Non-GAAP SG&A (a)FY2026$2.50B – $2.60BLowered
Apr 29, 2026Capital expendituresFY2026$1.10B – $1.20BLowered
Apr 29, 2026GAAP gross margin on net product salesFY202677% – 78%Lowered

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Regeneron Pharmaceuticals filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
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