Amgen Reports Strong Q4 Results Exceeding Expectations
Amgen's stock rose 3.00% as it reached a 52-week high, reflecting strong investor confidence following its recent earnings report.
The company's Q4 total revenue increased by 9% year-over-year to $9.9 billion, surpassing analyst expectations of $9.5 billion, driven by a 7% rise in drug sales. Adjusted earnings per share remained stable at $5.29, slightly above the expected $4.73, and Amgen's 2026 outlook projects adjusted EPS between $21.60 and $23.00, indicating robust future growth potential.
These results highlight Amgen's competitive position in the market, particularly with strong sales of its cholesterol drug Repatha, which surged by 44% to $870 million, despite a slight decline in sales for Tepezza. Overall, the earnings report has bolstered market confidence in Amgen's growth trajectory.
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