Alnylam Reports Strong Q4 Earnings

Biotech firm exceeds Wall Street expectations despite revenue miss

Published on Feb. 12, 2026

Alnylam Pharmaceuticals, a leading RNA interference drug developer, reported fourth-quarter net income of $111.5 million, a significant turnaround from a loss in the same period a year earlier. The company's earnings per share of $1.25 exceeded analyst estimates, though its revenue of $1.1 billion fell short of expectations.

Why it matters

Alnylam's strong financial performance in Q4 reflects the growing commercial success of its innovative RNA-based therapies, which have the potential to treat a wide range of genetic and rare diseases. The company's ability to exceed earnings forecasts despite a revenue miss suggests it is effectively managing costs and optimizing the profitability of its product portfolio.

The details

Alnylam reported Q4 net income of $111.5 million, or $0.82 per share, compared to a loss in the same quarter of 2025. Adjusted for one-time items, the company's earnings per share were $1.25, topping the average analyst estimate of $1.16. However, Alnylam's Q4 revenue of $1.1 billion fell short of the $1.14 billion expected by Wall Street. For the full year 2026, Alnylam reported net income of $313.7 million, or $2.33 per share, marking a return to profitability after a loss in the prior year. Annual revenue came in at $3.71 billion.

  • Alnylam reported its Q4 2026 and full-year 2026 financial results on February 12, 2026.
  • In the same quarter a year earlier, Alnylam reported a net loss.

The players

Alnylam Pharmaceuticals Inc.

A leading biopharmaceutical company focused on the development and commercialization of RNA interference (RNAi) therapeutics.

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The takeaway

Alnylam's strong Q4 earnings, driven by the commercial success of its innovative RNA-based therapies, demonstrate the company's ability to effectively manage costs and drive profitability, even as it continues to invest in its pipeline of potentially transformative treatments for genetic and rare diseases.