earnings
confidence high
sentiment negative
materiality 0.60
BioMarin sees ~$283M Q3 IPR&D charge from Alesta deal, $1.50 hit to GAAP and non-GAAP EPS
BIOMARIN PHARMACEUTICAL INC
- BioMarin expects ~$283M of pre-tax acquired IPR&D expense in Q3 2026 tied to the Alesta Therapeutics B.V. acquisition, completed August 31, 2026.
- The Q3 charge plus ongoing operating expenses cut about $1.50 from both GAAP diluted EPS and Non-GAAP Diluted EPS for the third quarter of 2026.
- Full-year 2026 pre-tax charges expected at ~$320M, including transaction and transition costs, an unfavorable ~$1.55 impact to both GAAP and Non-GAAP Diluted EPS.
- BioMarin's previously announced August 6, 2026 full-year 2026 guidance did not reflect Alesta; updated FY2026 guidance will come with Q3 2026 results.
- Results for the quarter ended September 30, 2026 are not finalized and remain subject to BioMarin's financial statement closing procedures.