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ALNYLAM PHARMACEUTICALS (ALNY)

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Earnings summaries and quarterly performance for ALNYLAM PHARMACEUTICALS.

Research analysts who have asked questions during ALNYLAM PHARMACEUTICALS earnings calls.

RB

Ritu Baral

TD Cowen

8 questions for ALNY

Also covers: ACAD, ATAI, BOLD +11 more
TA

Tazeen Ahmad

Bank of America

8 questions for ALNY

Also covers: ACAD, APLS, ARGX +23 more
LI

Luca Issi

RBC Capital Markets

7 questions for ALNY

Also covers: ADVM, ALLO, AMGN +13 more
JF

Jessica Fye

JPMorgan Chase & Co.

6 questions for ALNY

Also covers: ALKS, AMRN, ASND +23 more
Gena Wang

Gena Wang

Barclays

4 questions for ALNY

Also covers: BCRX, BLUE, BMRN +13 more
MR

Maury Raycroft

Jefferies

4 questions for ALNY

Also covers: ABEO, ARWR, BCRX +14 more
Paul Matteis

Paul Matteis

Stifel

4 questions for ALNY

Also covers: ABOS, ACAD, ALKS +11 more
Salveen Richter

Salveen Richter

Goldman Sachs

4 questions for ALNY

Also covers: ACAD, AGIO, ALLO +21 more
EM

Eliana Merle

UBS

3 questions for ALNY

Also covers: APLS, ARVN, ARWR +17 more
EM

Ellie Merle

UBS Group AG

3 questions for ALNY

Also covers: ALT, ARVN, ARWR +12 more
Gary Nachman

Gary Nachman

Raymond James

3 questions for ALNY

Also covers: ABBV, ACHV, ADMA +9 more
AJ

Adithya Jayaraman

Evercore

2 questions for ALNY

Also covers: MRNA
HW

Huidong Wang

Barclays

2 questions for ALNY

Also covers: BCRX, BEAM, BLUE +15 more
JS

James Sheehan

Goldman Sachs

2 questions for ALNY

JP

Julian Pino

Jefferies

2 questions for ALNY

Also covers: ACAD, ALEC, ALKS +3 more
KB

Konstantinos Biliouris

BMO Capital Markets

2 questions for ALNY

Also covers: BEAM, BMRN, LEGN +3 more
Kostas Biliouris

Kostas Biliouris

BMO Capital Markets

2 questions for ALNY

Also covers: BMRN, LEGN, NTLA +2 more
KT

Kostas Theodoslou

Oppenheimer

2 questions for ALNY

MU

Michael Ulz

Morgan Stanley

2 questions for ALNY

Also covers: ARWR, FATE, GUTS +8 more
MU

Mike Ulz

Morgan Stanley

2 questions for ALNY

Also covers: ARWR, IONS, RYTM +1 more
MM

Myles Minter

William Blair & Company

2 questions for ALNY

Also covers: ALEC, ARCT, ARGX +12 more
PC

Paul Chiaramonte

Citadel

2 questions for ALNY

AC

Alexander Canani

Truist

1 question for ALNY

Cory Kasimov

Cory Kasimov

Evercore ISI

1 question for ALNY

Also covers: BBIO, BMRN, BNTX +7 more
DL

David Lebowitz

Citigroup Inc.

1 question for ALNY

Also covers: ARWR, ASND, BPMC +11 more
MF

Mani Foroohar

Leerink Partners

1 question for ALNY

Also covers: ADVM, ARWR, BBIO +9 more
MR

Maurice Raycroft

Jefferies Financial Group

1 question for ALNY

Also covers: ABEO, AFMD, ARWR +14 more
TT

Ted Tenthoff

Piper Sandler & Co.

1 question for ALNY

Also covers: ARVN, CLRB, CUE +3 more
TV

Teresa Vitali

Scotiabank

1 question for ALNY

Also covers: GERN
TV

Theresa Vitelle

Scotiabank

1 question for ALNY

Tommie Reerink

Tommie Reerink

Goldman Sachs

1 question for ALNY

Also covers: ATRA, BMRN, BPMC +2 more

Recent press releases and 8-K filings for ALNY.

Alnylam Pharmaceuticals Discusses AMVUTTRA Growth, 2026 Revenue Guidance, and Pipeline Progress
ALNY
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
  • AMVUTTRA's revenue growth is driven by category expansion (40% annual growth in treated patients), strong market access (over 90% of patients have first-line access), and a mid-to-high twenties market share in the first-line segment as of Q3.
  • Alnylam projects its TTR franchise revenue to reach $4.4 billion-$4.7 billion in 2026, representing 83% growth at the midpoint year-over-year.
  • The company's "Alnylam 2030" goals include a 25% total revenue CAGR and 30% operating margins across the period, with 30% of revenues reinvested in R&D to expand the pipeline and diversify beyond TTR.
  • Key pipeline updates include nucinersen (next-gen TTR therapy) with polyneuropathy launch expected in 2028 and cardiomyopathy launch in 2030, and proof-of-concept data expected by year-end for REV-14 (diabetes) and plasminogen (bleeding disorders).
  • Alnylam maintains a strong competitive position against WAINUA, having captured 70% of new patient starts in polyneuropathy since WAINUA's launch, citing advantages in dosing frequency and safety profile.
7 days ago
Alnylam Pharmaceuticals Discusses Growth Strategy and Pipeline at TD Cowen Conference
ALNY
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
  • Alnylam provided 2026 revenue guidance for its franchise of $4.4 billion to $4.7 billion, representing 83% growth at the midpoint, and projected a 25% total revenue CAGR with 30% operating margins through 2030.
  • AMVUTTRA's revenue growth is sustainable, supported by an under-diagnosed/under-treated market growing approximately 40% annually and over 90% first-line patient access without step edits. The company captured approximately 70% of new patient starts in polyneuropathy following a competitor's launch.
  • The next-generation TTR therapy (nucleoside) is expected to launch for polyneuropathy in 2028 and cardiomyopathy in 2030, aiming for twice-a-year dosing and 95% knockdown, which could further consolidate and grow the TTR franchise while expanding operating margins to at least mid-40s%.
  • Alnylam plans to reinvest 30% of revenues in R&D to expand its pipeline, targeting 10 tissues and two or more new therapies beyond TTR by 2030, with key assets including zilebesiran (Phase 3), GRAB fourteen (Phase 2 data by year-end), and plasminogen (Phase 2 data by year-end).
7 days ago
Alnylam Pharmaceuticals Outlines 2030 Growth Strategy and Pipeline Progress
ALNY
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
  • Alnylam Pharmaceuticals provided 2026 revenue guidance for its TTR franchise of $4.4 billion to $4.7 billion, representing 83% growth at the midpoint, and projects a total revenue Compound Annual Growth Rate (CAGR) of 25% through 2030.
  • The company targets 30% operating margins through 2030, with 30% of revenues reinvested in R&D to support pipeline expansion and achieve a goal of 2+ new therapies beyond TTR by 2030.
  • AMVUTTRA maintains strong market access with 90%+ of patients having access as a first-line therapy and held a mid to high twenties share in the first-line market as of Q3. The company also captured 70% of new patient starts in polyneuropathy following a competitor's launch.
  • Alnylam is progressing its next-generation TTR therapy, nucleoside, with expected launches in 2028 for polyneuropathy and 2030 for cardiomyopathy, aiming to consolidate and grow the TTR franchise.
  • Significant pipeline updates include anticipated Phase 2 data by year-end for GRAB fourteen (diabetes) and plasminogen (bleeding disorders), as well as Phase 1 data for its Huntington's disease program.
7 days ago
Alnylam Pharmaceuticals Reports Strong 2025 Financials and Provides Robust 2026 Guidance
ALNY
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Alnylam Pharmaceuticals achieved nearly $3 billion in combined net product revenues in 2025, marking an 81% growth compared to 2024, and reached GAAP profitability for the full year.
  • For 2026, the company projects combined net product sales to be between $4.9 billion and $5.3 billion, representing 71% growth at the midpoint compared to 2025, primarily driven by the TTR franchise.
  • Key strategic advancements in 2025 included the initiation of 3 Phase 3 studies (zilebesiran and nucresiran), the expansion of the clinical pipeline with 4 new proprietary programs, and the launch of the Syrelis manufacturing platform.
  • The AMVUTTRA launch for ATTR cardiomyopathy demonstrated strong early momentum, contributing to Q4 2025 global TTR net revenues of $858 million, a 151% growth year-over-year, with over 90% of payers now providing first-line coverage.
Feb 12, 2026, 1:30 PM
Alnylam Pharmaceuticals Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance
ALNY
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Alnylam Pharmaceuticals reported nearly $3 billion in combined net product revenues for full year 2025, an 81% growth compared to 2024, and achieved GAAP profitability for the full year, with expectations to sustain it going forward.
  • In Q4 2025, combined net product revenues reached $995 million, marking 121% growth year-over-year and 17% growth versus the prior quarter.
  • The company provided 2026 guidance for combined net product sales between $4.9 billion and $5.3 billion, representing 71% growth at the midpoint compared to 2025. Collaboration and royalty revenue is projected to be $400 million-$500 million, a 38% decrease at the midpoint due to a non-recurring 2025 milestone.
  • Alnylam outlined its "Alnylam 2030" goals, aiming for over 25% revenue CAGR through 2030 and a non-GAAP operating margin of approximately 30% across the period.
Feb 12, 2026, 1:30 PM
Alnylam Pharmaceuticals Reports Strong Q4 and Full-Year 2025 Results, Issues Positive 2026 Guidance
ALNY
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Alnylam Pharmaceuticals reported full-year 2025 combined net product revenues of $2,987 million, an 81% year-over-year increase, and achieved GAAP Profitability.
  • For Q4 2025, combined net product revenues reached $995 million, demonstrating 121% year-over-year growth, with a non-GAAP operating income of $203 million and a 19% non-GAAP operating margin.
  • The company issued 2026 full-year guidance, forecasting total net product revenues between $4,900 million and $5,300 million, representing 64% to 77% growth over 2025.
  • Alnylam ended Q4 2025 with $2,908 million in cash, cash equivalents, and marketable securities.
  • As part of its Alnylam 2030 strategy, the company aims for a 25%+ total revenue CAGR through YE 2030 and a ~30% non-GAAP operating margin, supported by a pipeline of over 25 active clinical programs.
Feb 12, 2026, 1:30 PM
Alnylam Pharmaceuticals Reports Strong 2025 Results, Achieves Profitability, and Provides Robust 2026 Guidance
ALNY
Earnings
Guidance Update
Product Launch
  • Alnylam Pharmaceuticals reported nearly $3 billion in combined net product revenues for full-year 2025, an 81% increase over 2024, primarily driven by the successful launch of AMVUTTRA for ATTR cardiomyopathy, and achieved GAAP profitability for the full year.
  • For Q4 2025, combined net product revenues reached $995 million, demonstrating 121% year-over-year growth and 17% sequential growth.
  • The company issued strong 2026 guidance, anticipating combined net product sales between $4.9 billion and $5.3 billion, representing 71% growth at the midpoint compared to 2025.
  • Alnylam initiated three Phase 3 studies in 2025 and expanded its clinical pipeline to over 25 programs, while also launching the Syrelis manufacturing platform.
  • Long-term Alnylam 2030 goals include achieving over 25% revenue CAGR and approximately 30% non-GAAP operating margin through 2030, with aspirations for global TTR leadership and additional blockbuster medicines.
Feb 12, 2026, 1:30 PM
Alnylam Pharmaceuticals Reports Strong Q4 and Full Year 2025 Results, Achieves Profitability, and Issues 2026 Guidance
ALNY
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Alnylam Pharmaceuticals reported global net product revenues of $995 million for Q4 2025 and $2,987 million for Full Year 2025, representing 121% and 81% growth respectively compared to the same periods in 2024.
  • The company achieved GAAP and non-GAAP profitability for Full Year 2025, with sustainable growth in operating income expected.
  • Alnylam announced 2026 financial guidance, projecting total net product revenues between $4,900 million and $5,300 million and non-GAAP R&D and SG&A expenses between $2,700 million and $2,800 million.
  • Cash, cash equivalents, and marketable securities increased to $2.91 billion as of December 31, 2025, up from $2.69 billion as of December 31, 2024, primarily due to improved operating performance.
Feb 12, 2026, 1:05 PM
Alnylam Pharmaceuticals Reports Strong Q4 and Full Year 2025 Financial Results and Provides 2026 Guidance
ALNY
Earnings
Guidance Update
New Projects/Investments
  • Alnylam Pharmaceuticals reported global net product revenues of $995 million for Q4 2025, a 121% increase compared to Q4 2024, and $2,987 million for full year 2025, an 81% increase compared to full year 2024.
  • The company achieved GAAP net income of $313,747 thousand and non-GAAP net income of $683,644 thousand for Full Year 2025, marking its first year of GAAP and non-GAAP profitability.
  • Alnylam provided full-year 2026 guidance for total net product revenues between $4,900 million and $5,300 million, representing 64% to 77% growth over 2025.
  • The company announced 2026 pipeline goals including 4 clinical readouts, 3 ongoing pivotal studies, 3 Phase 2 study initiations, and 3+ new IND filings, and plans a $250 million investment to expand its manufacturing facility.
Feb 12, 2026, 1:00 PM
Alnylam Outlines Ambitious 2030 Growth Strategy and Reports Strong 2025 Financials
ALNY
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
  • Alnylam exceeded its P5x25 goals by the end of 2025, reporting nearly $3 billion in combined net product revenues, an 81% year-over-year growth, largely due to the landmark approval and launch of Amvuttra for ATTR cardiomyopathy.
  • The company projects 2026 net product revenue guidance of $4.9 billion to $5.3 billion, with the TTR franchise expected to contribute $4.4 billion to $4.7 billion, representing 83% growth at the midpoint.
  • Alnylam unveiled its Alnylam 2030 goals, targeting 25% or greater total revenue CAGR through 2030, approximately 30% Non-GAAP operating margin, and global TTR leadership.
  • Key to the 2030 strategy is the launch of Nucresiran, a next-generation TTR silencer, in polyneuropathy by 2028 and cardiomyopathy by 2030, alongside expanding the pipeline to over 40 clinical programs across 10 tissue types.
Jan 12, 2026, 5:00 PM