AMGEN Inc.

AMGEN Inc.

AMGN

Get informed when a big investor buys or sells

+ Follow
Market Cap$221.79B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
AMGEN Inc.AMGEN Inc.25.32.38%75%5.94.9

Earnings Call Q2 2026

August 4, 2026 - AI Summary

Q2 delivered strong, broad-based growth (and momentum into H2) - Total revenues > $10B (+10% YoY). - 22 products delivered double-digit sales growth; 17 products annualized > $1B based on Q2 sales. - 6 “key growth drivers” grew ~26% YoY and were ~70% of Q2 product sales (Repatha, EVENITY, TEZSPIRE, Rare Disease, Innovative Oncology, Biosimilars). - Management highlighted an ability to grow through patent expirations and increased competition while increasing innovation investment.
Key product drivers: high growth where penetration/label expansion remains - Repatha: $953M (+37% YoY); momentum from new-to-brand prescriptions >50% YoY; strong clinical differentiation (VESALIUS-CV outcomes data supporting earlier/intensive LDL-C lowering). - EVENITY: $714M (+38% YoY); US penetration still “mid-single digits” despite large eligible population; Japan leadership (>55% volume share) with ~1M treated milestone. - TEZSPIRE: $486M (+42% YoY) in severe uncontrolled asthma; expansion via Medicare access (incl. self-administration) and growth signals in nasal polyps. - Rare Disease: $1.6B (+21% YoY) led by UPLIZNA $335M (+90%), TEPEZZA $576M (+14%), with continued indication expansion + international + pricing discipline. - Biosimilars: $855M (+29%); PAVBLU (EYLEA biosimilar) $287M (+121%); note that Prolia/XGEVA combined $1.1B (-33% YoY) due to biosimilar launches (expected).
Pipeline updates (opportunities): multiple Phase III catalysts - Olpasiran (Lp(a)): Phase III outcome studies in primary and secondary prevention; study uses event-driven readout with 3-point MACE and excludes stroke (investor Q&A focused on design rationale and endpoint implications). - MariTide (obesity): multiple Phase III studies; program focused on “start and stay” and switching from weekly GLP-1s; management said they’re highly confident in execution/creating a differentiated monthly/less-frequent profile (only a “preference point,” no hard efficacy numbers were provided in this transcript). - Dazodalibep (Sjögren’s): two Phase III studies (systemic and symptomatic) with results expected H2 2026; investor questions emphasized label differentiation vs systemic-only competitors. - TEZSPIRE franchise expansion: Phase III in eosinophilic esophagitis (EoE) expected to complete H2; further inhaled anti-TSLP program (sunakiment) planned with AstraZeneca. - Oncology platform: IMDELLTRA (tarlatamab) expanding earlier lines via 3 Phase III studies; Xaluritamig progressing in metastatic CRPC Phase III.

Exclusive for Stockcircle Pro members

Sign upSign Up
$371.68

Target Price by Analysts

10.7% downsideAMGEN Target Price DetailsTarget Price
$841.55

Current Fair Value

102.2% upside

Undervalued by 102.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$221.79 Billion
Enterprise Value$265.11 Billion
Dividend Yield$9.80 (2.38%)
Earnings per Share$14.33
Beta0.4
Outstanding Shares540,000,000

Return

Return on Equity74.80%ROE
Return on Assets9.14%
Return on Invested Capital18.48%

Valuation & Multiples

P/E Ratio25.34P/E Ratio
PEG38.47PEG
Price to Sales5.95Price to Sales
Price to Book Ratio19.82Price to Book Ratio
Enterprise Value to Revenue6.96
Enterprise Value to EBIT20.45
Enterprise Value to Net Income30
Total Debt to Enterprise0.22
Debt to Equity4.9Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 4, 2026
EPS Estimate
$5.62
Average shareholder expectation
Revenue Estimate
$9.43 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 3, 2026
EPS Estimate
$5.81
Average shareholder expectation
Revenue Estimate
$9.99 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.2927 144.65%
Total Calls214,375 95.05%
Total Puts491,500 86.58%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %25.94% 54.62%
Total Invested$50.59B 66.91%
Investors Holding2,104 1116.00%

ESG Score

No data

About AMGEN Inc.

22,000 employees
CEO: Robert Bradway

Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advan...