ALNY · NASDAQ · Biotechnology

Alnylam Pharmaceuticals (ALNY)

Develops and commercializes RNAi medicines led by the AMVUTTRA-centered TTR franchise.

$247.47
vs last close−4.18 (−1.66%)
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Alnylam Pharmaceuticals, Inc.ALNY
Health Care

Develops RNAi medicines through a delivery platform spanning lipid nanoparticles and subcutaneous GalNAc conjugates. Directly commercialized products include AMVUTTRA, ONPATTRO, GIVLAARI, and OXLUMO, while partners sell Leqvio and Qfitlia; commercial results increasingly depend on AMVUTTRA and the TTR franchise.

Develops and commercializes RNA-interference medicines that silence disease-linked messenger RNA. Direct products include AMVUTTRA and ONPATTRO in transthyretin amyloidosis, alongside GIVLAARI and OXLUMO for rare diseases; Leqvio and Qfitlia are commercialized by partners.

Builds its pipeline around delivery chemistry. Lipid nanoparticles enabled intravenous ONPATTRO, while subcutaneous GalNAc conjugates became the main architecture for durable dosing and support AMVUTTRA's quarterly administration. Newer ESC+ and C16 designs seek to reach additional tissues.

Depends increasingly on AMVUTTRA and the TTR franchise after cardiomyopathy approval widened its market and the newer therapy displaced ONPATTRO commercially. Product growth still rests on regulatory approvals and clinical benefit-risk evidence; the revusiran termination remains the clearest example of that development dependency.

Company facts

CEOYvonne L. Greenstreet, M.D.
ListedMay 28, 2004
ExchangeNASDAQ
HeadquartersCambridge, MA
CountryUnited States
Employees2,500
CIK0001178670
ISINUS02043Q1076

Market cap$33.67B
EPS (ttm)$5.92
P/E (ttm)42.51
ROE93.6%
P/B24.87
P/S7.01
Dividend yieldDiv yield
Beta0.41vs XLV 1.09

Price target$334.00+32.7%Average of 52 analysts
ConsensusBuy39 of 52 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 8, 2026JefferiesReiterate
Rating: Target: $230
Rating: HoldTarget: $260
Aug 28, 2026JefferiesTarget
Target: $205
Target: $230
Aug 25, 2026BernsteinReiterate
Rating: Target: $447
Rating: OutperformTarget: $376
Aug 18, 2026BMO CapitalInitiate
Rating: Target: $470
Rating: OutperformTarget: $318
Aug 14, 2026Wells FargoReiterate
Rating: Target: $376
Rating: Equal WeightTarget: $256

Next report
Oct 29, 26
in 36 days
EPS estimate
$1.77
Revenue estimate
$1.43B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported−$0.65−$0.44−$0.51$1.84$0.82$1.51$1.21Pending
Estimate−$0.62−$0.89−$0.54$0.56$1.16$0.87$1.63$1.77
Surprise−4.8%+50.6%+6.2%+228.0%−29.3%+73.2%−25.8%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$593.2M$594.2M$773.7M$1.25B$1.10B$1.17B$1.29BPending
Estimate$582.6M$585.1M$662.9M$959.4M$1.15B$1.12B$1.32B$1.43B
Surprise+1.8%+1.5%+16.7%+30.2%−4.5%+4.6%−2.4%
Estimate$1.77
ReportedDue Oct 29, 2026
Estimate$1.43B
ReportedDue Oct 29, 2026
View details

Debt to equity93.60%
Current ratio305.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$500.9M$593.2M$594.2M$773.7M$1.25B$1.10B$1.17B$1.29B
Net income−$111.6M−$83.8M−$57.5M−$66.3M$251.1M$186.4M$206.0M$164.5M
Net margin0.0%0.0%0.0%0.0%20.1%17.0%17.6%12.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$76.9M−$105.2M$18.1M−$16.2M$368.0M$131.7M$268.6M$231.4M
YoY growthTurned lossLoss narrowedTurned profitTurned lossTurned profitTurned profit+1,386.1%Turned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $3.31B · Total debt $1.27B · Total assets $5.56B · Shareholders' equity $1.35B

Revenue
$1.29B
Operating income
$231.4M
Net income
$164.5M
View details

No dividends on record.

Institutions≈ 100.14%134.00M shares
828 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders0.24%316.0K shares
19 holders · as of Sep 22, 2026
Adds to100.38%

133.81M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 100.38%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
FMR LLCInstitution
11.23%15.02Mas of Jun 30, 2026
Capital World InvestorsInstitution
8.33%11.14Mas of Jun 30, 2026
BlackRock, Inc.Institution
8.15%10.91Mas of Jun 30, 2026
Capital Research Global InvestorsInstitution
7.29%9.75Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.89%6.54Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 1, 2026David E. I. Pyottdirector−3,830$299.18
Apr 6, 2026Melissa McLaughlinofficer: Chief Human Resources Officer−2,286$330.42
Apr 2, 2026Melissa McLaughlinofficer: Chief Human Resources Officer−1,624$319.59
Mar 5, 2026Kevin Joseph Fitzgeraldofficer: CSO & EVP, Head of Research−658$323.98
Mar 4, 2026Kevin Joseph Fitzgeraldofficer: CSO & EVP, Head of Research−633$323.08
View details

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