LIGAND PHARMACEUTICALS (LGND) Earnings History & Surprises

NASDAQ:LGNDUS53220K5048

Current stock price

202.91 USD
-8.57 (-4.05%)
At close:
202.91 USD
0 (0%)
After Hours:

LGND Earnings overview

Past quarterly earnings results for LIGAND PHARMACEUTICALS (LGND), including EPS and revenue actuals, analyst estimates, and surprise percentages. This page focuses on historical performance (not forecasts).

Earnings Snapshot

Next Earnings Date

Upcoming
Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
$1.79
Revenue Estimate
59.657M

Last Reported

Most Recent
Release Date
Feb 26, 2026
Period
Q4 / 2025
EPS Reported
$2.02
EPS Surprise
26.84%
Revenue Surprise
5.23%

Beat Rate

Last 8 Quarters
100%
EPS and Revenue beats vs estimates

Quarterly Earnings Historical Results

EPS & Revenue History (in USD): Actual vs estimated values, surprises, q2q growth and acceleration numbers quarterly history.

QuarterEPSEPS EstEPS SurpriseEPS Q2QRevenueRevenue EstRevenue SurpriseRevenue Q2Q
Q4 2025 2.02 1.59 26.84% 59.06% 59.666M 56.701M 5.23% 39.37%
Q3 2025 3.09 1.96 57.31% 67.93% 86.892M 59.971M 44.89% 67.71%
Q2 2025 1.60 1.45 10.36% 14.29% 47.627M 44.747M 6.44% 14.68%
Q1 2025 1.33 1.24 7.61% 10.83% 45.333M 39.476M 14.84% 46.34%
Q4 2024 1.27 1.21 4.63% -7.97% 42.812M 39.803M 7.56% 52.35%
Q3 2024 1.84 1.37 33.98% 80.39% 51.812M 41.463M 24.96% 57.64%
Q2 2024 1.40 1.08 29.98% -1.41% 41.531M 33.522M 23.89% 57.52%
Q1 2024 1.20 0.79 50.98% -47.37% 30.978M 28.482M 8.76% -29.56%
Q4 2023 1.38 0.67 104.76% 1.47% 28.101M 26.23M 7.13% 3.89%
Q3 2023 1.02 0.62 63.93% -22.14% 32.868M 27.73M 18.53% -44.50%
Q2 2023 1.42 0.65 117.61% 37.86% 26.366M 26.248M 0.45% -54.08%
Q1 2023 2.28 0.91 150.03% 293.10% 43.979M 34.718M 26.67% 20.42%
Q4 2022 1.36 1.22 11.74% -24.44% 27.05M 39.952M -32.29% -62.67%
Q3 2022 1.31 0.44 197.43% -17.09% 59.22M 39.043M 51.68% -8.67%
Q2 2022 1.03 0.44 134.84% -36.81% 57.42M 38.489M 49.19% -32.19%
Q1 2022 0.58 0.67 -13.41% -58.87% 36.52M 37.052M -1.44% -33.78%
Q4 2021 1.80 1.40 28.81% 11.11% 72.47M 66.625M 8.77% 3.54%
Q3 2021 1.58 1.06 49.42% 51.92% 64.84M 56.765M 14.23% 54.93%
Q2 2021 1.63 1.39 17.36% 63.00% 84.68M 71.901M 17.77% 104.44%
Q1 2021 1.41 1.15 22.88% 58.43% 55.15M 64.112M -13.98% 66.31%
Q4 2020 1.62 1.01 60.43% - 69.99M 55.177M 26.85% -
Q3 2020 1.04 1.00 3.86% - 41.85M 45.247M -7.51% -
Q2 2020 1.00 0.78 28.97% - 41.42M 32.019M 29.36% -
Q1 2020 0.89 0.67 32.87% - 33.16M 27.064M 22.52% -

Notes

  • EPS and Revenue values are non-GAAP when available, otherwise GAAP.
  • Surprise % is (Actual - Estimate) / |Estimate|. Green indicates positive surprise, red negative.
  • Q2Q % is quarter-over-quarter growth. Green indicates growth, red indicates decline.
  • Green right border indicates acceleration for sales or earnings growth. Acceleration is the case when the current Q2Q is above the previous Q2Q.

Earnings Q2Q Performance Trends

EPS Historical Q2Q growth and Acceleration

LGND EPS Q2Q GrowthLGND EPS Q2Q GrowthEPS Q2Q Growth Q1/21 Q3/21 Q1/22 Q3/22 Q1/23 Q3/23 Q1/24 Q3/24 Q1/25 Q3/25 Q1/26 Q3/26 0 100 200

Revenue Historical Q2Q growth and Acceleration

LGND Revenue Q2Q GrowthLGND Revenue Q2Q GrowthRevenue Q2Q Growth Q1/21 Q3/21 Q1/22 Q3/22 Q1/23 Q3/23 Q1/24 Q3/24 Q1/25 Q3/25 Q1/26 Q3/26 0 50 -50 100

Surprise distribution (Last 4 Quarters)

EPS beat statistics

EPS beat (4)
4
Average EPS beat (4)
19.98%
Max EPS beat (4)
57.31%
Min EPS beat (4)
4.63%

Revenue beat statistics

Revenue beat (4)
4
Average Revenue beat (4)
18.43%
Max Revenue beat (4)
44.89%
Min Revenue beat (4)
6.44%

Analysis

In the last 4 quarters, LGND has consistently beaten EPS estimates in all releases
LGND has consistently beaten revenue estimates in all past 4 earnings releases
In the last 4 quarters, LGND has beaten the EPS estimates by 20.0% on average.
In the last 4 quarters, LGND has beaten the revenue estimates by 18.4% on average.

LIGAND PHARMACEUTICALS / LGND Earnings FAQ

When did LIGAND PHARMACEUTICALS (LGND) report earnings last quarter?

LIGAND PHARMACEUTICALS (LGND) last reported earnings on 2/26/2026.

Did LIGAND PHARMACEUTICALS (LGND) beat earnings estimates last quarter?

LIGAND PHARMACEUTICALS (LGND) beat EPS estimates and beat revenue estimates in the most recent quarter.

How often does LIGAND PHARMACEUTICALS (LGND) beat earnings estimates?

In the last 4 quarters, LIGAND PHARMACEUTICALS (LGND) has beaten EPS estimates in 4 out of 4 releases.