BIOMARIN PHARMACEUTICAL INC — Form 8-K
Filed November 2, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
BioMarin reported Q3 2026 total revenues of $1,025 million, up 32% year-over-year, driven by the April 27, 2026 acquisition of Amicus Therapeutics (GALAFOLD $152M, POMBILITI+OPFOLDA $49M quarterly revenue). However, the company lowered full-year 2026 Non-GAAP Diluted EPS guidance to $2.80–$3.10 (from $4.90–$5.10) due to $320 million in pre-tax acquired IPR&D charges from the Alesta Therapeutics acquisition and $83 million from the BMN 450 license agreement, representing $1.55 and $0.32 per-share headwinds respectively. GAAP net loss widened to $(123)M from $(31)M YoY due to intangible amortization, debt interest, and restructuring costs; Non-GAAP income grew to $45M from $22M.
Why this rating
Guidance cut by 43% on non-cash acquisition charges (~$2.5B market cap impact if EPS miss). Material for $6.7B company but mitigated by strong revenue growth and one-time nature of charges.
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