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Ionis Pharmaceuticals Inc (IONS)

US · Healthcare · Biotechnology

$46.75+4.26%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$267.9M
Revenue YoY
-40.7%
Net profit
$-114.6M
Profit YoY
-192.8%
EPS
$-0.70
EPS estimate
$-1.09
Net margin
-42.8%

EPS came in at -0.70 against a street estimate of -1.09 — a beat of 35.8%.

Key statistics

Market cap
$9.25B
Forward P/E
90.9
P/B
21.17
Book value
$2.65
EPS (TTM)
$-3.48
52-week high
$86.74
52-week low
$50.01
50-day MA
$60.25
200-day MA
$73.24
Beta
0.42

Analyst view

Analysts rate Ionis Pharmaceuticals Inc a buy (17 buy, 8 hold, 1 sell out of 26) with an average price target of $84.23.

From the latest earnings call · 2026-07-29

CONFIDENT Ionis delivered strong Q2 revenue growth (56% YoY), launched TRYNGOLZA for SHTG with encouraging early traction, and achieved FDA approval for first independent multibillion-dollar medicine. Confidence in 2026 guidance and 2028 cash-flow breakeven remains intact despite eplantersen disappointment. Q2 2026 U.S. dominates near-term revenue. EU and Japan filings underway for bepirovirsen, Zilganerse (via Recordati); TRYNGOLZA FCS established in EU with SHTG launch next year expected. Analysts focused on TRYNGOLZA payer coverage speed, differentiation vs. competitors (Arrowhead), and primary care uptake. Management fielded questions on ION-775 Phase III timing (too early) and eplantersen regulatory path (AstraZeneca reviewing). Multiple questions on Angelman Syndrome (ION-582) vs. Ultragenyx GTX-102 placebo effect; management emphasized ION-582 dosing potency parity and willingness…

Full summary in the app.

Shareholding

Insiders
0.61%
Institutions
110.53%

Largest institutional holders

FundStake
FMR Inc14.78%
Capital World Investors13.04%
BlackRock Inc6.28%
Vanguard Portfolio Management, LLC4.70%
Wellington Management Company LLP4.60%
Vanguard Capital Management, LLC4.28%
T. Rowe Price Investment Management,Inc.3.71%
Two Sigma Investments LLC3.52%

Recent filings & reports

DocumentDate
Reg FD disclosure · Q3 2026
IONIS PHARMACEUTICALS, INC. – FORM 8-K SUMMARY HEADLINE NUMBERS • Key Drug Failure: Partner Novartis reported that pelacarsen Phase 3 Lp(a)HORIZON s
2026-09-04
Reg FD disclosure · Q3 2026
IONIS PHARMACEUTICALS, INC. – FORM 8-K SUMMARY HEADLINE NUMBERS • FDA approved ZANVASTRO™ (zilganersen) on September 3, 2026, for treatment of Alexa
2026-09-04
Quarterly report · Q2 2026
IONIS PHARMACEUTICALS, INC. – FORM 10-Q SUMMARY For the Quarterly Period Ended June 30, 2026 --- HEADLINE NUMBERS • Total Revenue (6 months ended J
2026-07-29
Results announced · Q3 2026
IONIS PHARMACEUTICALS Q2 2026 FINANCIAL SUMMARY HEADLINE NUMBERS • Total revenue Q2 2026: $268 million (down 41% vs Q2 2025's $452 million) • Total
2026-07-29
Reg FD disclosure · Q3 2026
IONIS PHARMACEUTICALS, INC. - FORM 8-K SUMMARY GUIDANCE & OUTLOOK • Company reaffirmed its previously announced financial guidance for fiscal year e
2026-07-10
Quarterly report · Q1 2026
IONIS PHARMACEUTICALS, INC. – Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Cash and short-term investments: $173.4M cash + $1,745.7M short-term investmen
2026-04-29
Proxy statement · Q2 2026
IONIS PHARMACEUTICALS, INC. – 2026 PROXY STATEMENT SUMMARY WHAT SHAREHOLDERS ARE VOTING ON • Proposal 1 – Election of Directors: Vote to elect Spenc
2026-04-23
Annual report FY2025
IONIS PHARMACEUTICALS, INC. - 10-K SUMMARY FOR RETAIL INVESTORS HEADLINE NUMBERS • Revenue for fiscal year 2025: $944 million • Cash, cash equivalen
2026-02-26

Readable in the app.

Deals & corporate news

AnnouncementDate
FDA approves ZANVASTRO for Alexander disease treatment in pediatric and adult patients
Ionis Pharmaceuticals announced FDA approval of ZANVASTRO (zilganersen) for Alexander disease (AxD) on September 3, 2026. This is a significant milestone as ZANVASTRO is the first and only d
2026-09-04
Reaffirms 2026 financial guidance unchanged from Q1 earnings release
Ionis Pharmaceuticals reaffirmed its full-year 2026 financial guidance without changes. The company confirmed that its earnings and revenue projections announced on April 29, 2026 in their Q
2026-07-10

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Data updated 2026-09-18.