NASDAQ$REGN

Regeneron Pharmaceuticals Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a decrease in revenue due to the absence of REGEN-COV sales, but experienced growth in key products like EYLEA and Dupixent.

Regeneron's Q3 2022 revenues decreased by 15% to $2.94 billion, but excluding REGEN-COV, revenues increased by 11%. EYLEA U.S. net sales increased by 11% to a record $1.63 billion, while Dupixent global net sales increased by 40% to $2.33 billion. The company reported GAAP diluted EPS of $11.66 and non-GAAP diluted EPS of $11.14.

  • Total revenues decreased 15% to $2.94 billion; excluding REGEN-COV, revenues increased 11%.
  • EYLEA U.S. net sales increased 11% to a record $1.63 billion.
  • Dupixent global net sales increased 40% to $2.33 billion.
  • GAAP diluted EPS was $11.66, and non-GAAP diluted EPS was $11.14.

Headline financials

Total Revenue

$2.94B

Previous: $3.45B-15.0%
EPS (adj)

$11.14

Previous: $15.37-27.5%
Free Cash Flow

$1.32B

Previous: $1.63B-19.4%
Net Income

$1.32B

Previous: $1.63B-19.4%
Operating Income

$1.22B

Previous: $1.85B-33.8%
Gross Profit

-$34.7M

Previous: -$38.7M+10.3%
Cash & Equivalents

$3.49B

Previous: $3.43B+1.7%
Total Assets

$27.7B

Previous: $23.7B+16.9%
Stock-Based Comp

$166M

Previous: $137M+21.5%

Revenue & EPS history

Regeneron · Revenue · Quarterly

$2.94B

Q3 2022-15%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Regeneron · $3.41B total across 6 segments · Q1 2023

  • Net product sales
    $1.67B+1.8%
  • EYLEA U.S.
    $1.43B
  • Other revenue
    $116M+23.4%
  • Libtayo U.S.
    $110M
  • Libtayo ROW
    $67M
  • Evkeeza U.S.
    $15M

Forward guidance

Regeneron provided full year 2022 financial guidance for R&D, SG&A, Gross margin on net product sales, COCM, Other operating (income) expense, net, Capital expenditures, and Effective tax rate.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.5%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.1%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+11.7%

Q2 2012

Best reaction

-8.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%-3.1%-16.0%
Q4 2025-0.5%+3.4%+4.3%
Q3 2025+11.1%+11.4%+34.1%
Q2 2025+2.5%+1.8%+6.5%
Q1 2025-6.9%-0.9%-0.9%
Q4 2024+4.5%+6.5%+4.7%
Q3 2024-8.6%-10.1%-18.7%
Q2 2024+0.3%-1.2%+9.8%
Q1 2024+5.9%+7.4%+8.5%
Q4 2023-2.2%-2.0%+2.6%
Q3 2023+3.2%+5.0%+3.0%
Q2 2023+4.7%+6.6%+13.6%
Q1 2023-5.1%-6.0%-7.9%
Q4 2022+3.9%-0.2%+3.7%
Q3 2022-0.0%+1.5%+3.5%
Q2 2022+7.0%+9.7%+1.0%
Q1 2022-3.2%-9.2%-4.6%
Q4 2021+0.3%-0.1%-0.0%
Q3 2021-6.2%-5.5%-2.6%
Q2 2021+5.1%+5.9%+17.0%
Q1 2021+3.0%+3.9%+6.1%
Q4 2020-0.8%-1.5%-7.5%
Q3 2020-1.6%-4.8%-16.1%
Q2 2020-4.2%-6.2%-10.5%
Q1 2020+2.2%+4.0%+10.5%
Q4 2019+2.6%+6.6%+32.9%
Q3 2019+4.3%+9.9%+18.4%
Q2 2019+0.9%+1.8%-3.4%
Q1 2019-4.4%-9.1%-13.0%
Q4 2018-3.5%-3.0%-4.4%
Q3 2018+2.6%+0.5%+7.5%
Q2 2018+6.4%+5.5%+9.6%
Q1 2018-1.7%-3.5%+3.6%
Q4 2017+0.5%-3.0%+2.1%
Q3 2017+0.5%-2.7%-5.8%
Q2 2017-1.7%-1.5%+5.7%
Q1 2017+5.4%+5.0%+18.0%
Q4 2016+1.9%+6.6%+9.9%
Q3 2016+8.7%+24.5%+10.9%
Q2 2016-4.2%-5.0%-11.9%
Q1 2016+2.6%
Q4 2015-5.9%
Q3 2015-2.4%
Q2 2015+6.9%
Q1 2015+2.4%
Q4 2014-0.2%
Q3 2014-6.8%
Q2 2014+4.7%
Q1 2014-2.5%
Q4 2013+5.4%
Q3 2013+2.3%
Q2 2013-6.6%
Q1 2013+5.7%
Q4 2012-3.2%
Q3 2012-8.3%
Q2 2012+11.7%
Q1 2012+1.5%
Q4 2011-3.6%
Q3 2011-3.5%
Q2 2011+0.8%
Q1 2011+1.3%
Q4 2010-0.6%
Q3 2010-3.4%
Q2 2010-3.3%
Q1 2010+3.7%

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