Jazz Pharmaceuticals
Develops rare-disease medicines across sleep, epilepsy and oncology.
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Profile
Develops rare-disease medicines across neuroscience and oncology. Revenue comes from oxybate-based sleep treatments, Epidiolex/Epidyolex for rare epilepsies, and a growing set of cancer therapies, with commercialization shaped by regulatory approvals, payer coverage, supply continuity, and generic competition in high-sodium oxybate.
Develops and commercializes medicines for rare diseases across neuroscience and oncology, with sleep and epilepsy franchises alongside a growing group of cancer therapies. Xywav and Xyrem anchor oxybate-based sleep medicine, while Epidiolex/Epidyolex treats rare epilepsies.
Brings acquired, licensed and internally developed products into shared commercial capabilities. Oncology brands include Rylaze/Enrylaze, Zepzelca, Defitelio/defibrotide, Vyxeos, Ziihera and Modeyso, and the portfolio reaches patients internationally from an Irish headquarters.
Depends on continued commercialization of Xywav and Epidiolex/Epidyolex, successful oncology launches and development, regulatory approvals and post-approval commitments, payer coverage, and reliable manufacturing and supply. High-sodium oxybate also faces generic competition.
Company facts
Key statistics
Year to date +41.2% · Average volume (30d) 968.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 28, 2026 | RBC Capital | Target | $277 | $299 | |
| Aug 26, 2026 | RBC Capital | Reiterate | Outperform | $194 | $277 |
| Aug 26, 2026 | Truist Financial | Target | $300 | $281 | |
| Aug 26, 2026 | Morgan Stanley | Reiterate | Overweight | $283 | $322 |
| Aug 26, 2026 | Needham | Reiterate | Buy | $292 | $310 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $6.18 | $5.71 | −7.6% | $1.11B | $1.21B | +8.4% | +3.99% |
| May 5, 2026Q1 FY26 | $4.67 | $6.34 | +35.8% | $978.7M | $1.07B | +9.2% | +7.68% |
| Feb 24, 2026Q4 FY25 | $6.52 | $6.64 | +1.8% | $1.17B | $1.20B | +2.8% | +13.23% |
| Nov 5, 2025Q3 FY25 | $5.95 | $8.13 | +36.6% | $1.11B | $1.13B | +1.3% | −2.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $897.8M | $1.05B | $1.13B | $1.20B | $1.07B | $1.21B | |
| Gross profit | $793.2M | $929.4M | $868.3M | $1.17B | $762.5M | $1.09B | |
| Operating income | −$55.9M | −$686.4M | $57.5M | $909.2M | $213.8M | $248.2M | |
| Net income | −$92.5M | −$718.5M | $251.4M | $203.5M | $293.1M | $192.8M | |
| Diluted EPS | −$1.52 | −$11.74 | $4.08 | $3.34 | $4.43 | $2.78 | |
| Gross margin | 88.3% | 88.9% | 77.1% | 97.9% | 71.3% | 90.4% | |
| Operating margin | -6.2% | -65.6% | 5.1% | 75.9% | 20.0% | 20.5% |
Fiscal years (4-quarter sums)FY21 $3.09B · FY22 $3.66B · FY23 $3.83B · FY24 $4.07B · FY25 $4.27B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.20B · Total debt $4.41B · Total assets $11.08B · Shareholders' equity $4.80B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 62.82M · Float 61.98M · 98.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.97M | 9.50% | 13F | Aug 7, 2026 |
| FMR LLC | 4.61M | 7.34% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 3.04M | 4.83% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 2.73M | 4.35% | 13F | Aug 13, 2026 |
| Capital World Investors | 2.70M | 4.29% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Bruce C. Cozadd | director | −6,000 | $252.98 |
| Jul 1, 2026 | Bruce C. Cozadd | director | −6,000 | $240.47 |
| Jun 15, 2026 | Mark Douglas Smith | director | −1,157 | $230.55 |
| Jun 10, 2026 | Neena M. Patil | officer: EVP & Chief Legal Officer | −1,200 | $231.83 |
| May 28, 2026 | Samantha Pearce | officer: EVP, Chief Commercial Officer | −6,907 | $235.41 |
Peers
- Alkermes
Oxybate rival in narcolepsy and idiopathic hypersomnia
- Amneal Pharmaceuticals
Generic sodium oxybate rival to the legacy Xyrem franchise
- AstraZeneca (ADR)
Oncology overlap in small-cell lung cancer and HER2-positive tumors
- AbbVie
AML regimen rival through Venclexta-based combinations
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Jazz Pharmaceuticals | $244.54 | +0.02% | $15.36B | 16.7 | 9.7 | 3.3 | +15.6% |
| Alkermes | $47.25 | −0.34% | $7.95B | 123.8 | — | 4.8 | +27.0% |
| Amneal Pharmaceuticals | $17.54 | 0.00% | $5.60B | 36.0 | 16.9 | 1.8 | +9.9% |
| AstraZeneca (ADR) | $161.79 | −0.55% | $252.33B | 24.4 | 15.2 | 4.1 | +6.4% |
| AbbVie | $255.80 | +0.13% | $451.38B | 72.0 | 16.8 | 7.0 | +10.2% |
| Median | 54.0 | 16.8 | 4.4 | +10.0% |






