Amgen reported total revenues of $10,365 million and net income of $3,864 million, up 8% and 20%. TEZSPIRE and IMDELLTRA/IMDYLLTRA delivered positive Phase 3 results.
AMGN · Amgen Inc
You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
Price & Indicators
Up next
Latest documents
Amgen reported that third quarter of 2026 revenue rose 8% to $10.4 billion and GAAP EPS increased 19% from $5.93 to $7.08, while non-GAAP EPS increased 14% to $6.45. Full year 2026 revenue guidance is $38.9 billion to $39.7 billion.
Amgen Inc. appointed David W. Gibbs to its Board of Directors on October 26, 2026, effective immediately, and to its Audit Committee and Compensation and Management Development Committee. The Board now has 13 directors, 12 of whom are independent.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 3, 2026TL;DR. Amgen raised 2026 revenue and non-GAAP EPS guidance after third-quarter revenue grew 8% and both GAAP and non-GAAP EPS increased; its six key growth drivers grew 27%, and pipeline updates included positive Phase III readouts and MariTide Phase III progress. Risks included biosimilar-driven product declines, higher third- and fourth-quarter expense pressure, lower free cash flow, TAVNEOS regulatory uncertainty and FDA clinical holds.
- + Amgen raised its 2026 revenue and non-GAAP EPS guidance ranges.
- + The six key growth drivers grew 27% year over year and represented more than 70% of product sales.
- + IMDELLTRA's Phase 3 first-line maintenance trial significantly improved overall survival and progression-free survival.
- + TEZSPIRE met both co-primary endpoints in Phase 3 eosinophilic esophagitis, with benefits sustained through week 52.
- − Free cash flow declined to $3.7 billion from $4.2 billion in the prior-year quarter.
- − Fourth-quarter operating expenses are expected to increase sequentially, including cost of sales and SG&A.
- − Third-quarter non-GAAP operating expenses and cost of sales as a percentage of product sales increased.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| AMJEVITA/AMGEVITA sales | 155M | the second quarter | — |
| Biosimilars total sales | 199M | Q2 '26 | — |
| BLINCYTO sales | 472M | the second quarter | — |
| Enbrel sales | 580M | the second quarter | — |
| Established products sales | 632M | the second quarter | — |
| EVENITY sales | 714M | the second quarter | — |
| Free Cash Flow | 3.5B | the second quarter of 2026 | — |
| IMDELLTRA/IMDYLLTRA sales | 288M | the second quarter | — |
| KRYSTEXXA sales | 400M | the second quarter | — |
| KYPROLIS sales | 314M | the second quarter | — |
| LUMAKRAS/LUMYKRAS sales | 111M | the second quarter | — |
| MVASI sales | 153M | the second quarter | — |
| Non-GAAP diluted EPS non-GAAP | $6.29 | Three months ended June 30, 2026 | — |
| Non-GAAP net income non-GAAP | $3.42B | Three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP net income 2.38B
+1.08B Adjustments to income before income taxes, net of the income tax effect
-32M Other income tax adjustments
= Non-GAAP net income 3.42B
|
|||
| Non-GAAP operating income non-GAAP | 4.6B | the second quarter | — |
GAAP → non-GAAP reconciliationGAAP GAAP operating income 3.51B
+1.1B Adjustments to operating expenses
= Non-GAAP operating income 4.61B
|
|||
| Non-GAAP operating margin non-GAAP | 48.4% | the second quarter | — |
| Nplate sales | 430M | the second quarter | — |
| Operating Margin (operating income as % of product sales, GAAP) | 36.8% | Q2 ’26 | — |
| Operating Margin (operating income as % of product sales, non-GAAP) non-GAAP | 48.4% | the second quarter | — |
| Otezla sales | 491M | the second quarter | — |
| PAVBLU sales | 287M | the second quarter | — |
| Prolia sales | 759M | the second quarter | — |
| Repatha sales | 953M | the second quarter | — |
| Six key growth drivers year-over-year growth | 26% | the second quarter | — |
| TAVNEOS sales | 150M | the second quarter | — |
| TEPEZZA sales | 576M | the second quarter | — |
| TEZSPIRE sales | 486M | the second quarter | — |
| UPLIZNA sales | 335M | the second quarter | — |
| Vectibix sales | 338M | the second quarter | — |
| XGEVA sales | 352M | the second quarter | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Drug Manufacturers - General — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AMGN
this stock
Amgen Inc
|
$251.89B | +42.3% | +8.8% | 27.0 | 2.3% |
|
LLY
ELI LILLY & Co
|
$1.36T | +34.3% | +44.7% | 46.9 | 0.8% |
|
JNJ
Johnson & Johnson
|
$687.89B | +38.1% | +6.0% | 43.4 | 0.7% |
|
ABBV
AbbVie Inc.
|
$521.50B | +29.1% | +8.6% | 50.8 | 0.9% |
|
MRK
Merck & Co., Inc.
|
$364.26B | +40.4% | +1.3% | 152.3 | 1.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AMGN | +1.1% | +7.7% | +38.6% | -0.1% | +42.3% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -1.5% | +8.8% | +38.1% | +0.1% | +31.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.