Amneal Reports Q1 Revenue of $722.52M, Beats Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2026
0mins
Reports Q1 revenue $722.52M, consensus $716.78M. "Amneal delivered a very strong start to 2026, reflecting the strength of our diversified business and multiple growth drivers across the portfolio. Our Specialty business continues to perform exceptionally well, led by CREXONT and the recent launch of BREKIYA autoinjector, alongside a strong cadence of key launches in Affordable Medicines. We are entering the Kashiv transaction from a position of strength, at a time when we see an extended period of accelerated growth ahead with no shortage of opportunities across our core businesses. Combined with our very strong first quarter results, we are pleased to affirm our previously announced increase in our full year 2026 guidance," said Chirag and Chintu Patel, Co-Founders and Co-Chief Executive Officers of Amneal.
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Analyst Views on AMRX
Wall Street analysts forecast AMRX stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.420
Low
13.00
Averages
14.33
High
15.00
Current: 12.420
Low
13.00
Averages
14.33
High
15.00
About AMRX
Amneal Pharmaceuticals, Inc. is a global pharmaceutical company, which develops, manufactures, markets and distributes a portfolio of essential medicines. Its Affordable Medicines segment includes a portfolio of over 280 product families covering a range of dosage forms and delivery systems, including both immediate and extended-release oral solids, powders, liquids, sterile injectables, nasal sprays, inhalation and respiratory products, biosimilar products, ophthalmic, films, transdermal patches and topicals. Its Specialty segment is engaged in the development, promotion, sale and distribution of branded pharmaceutical products, with a focus on products addressing central nervous system disorders, including Parkinson’s disease and endocrine disorders. Its AvKARE segment provides pharmaceuticals, medical and surgical products and services primarily to governmental agencies, predominantly focused on the U.S. Department of Defense and the U.S. Department of Veterans Affairs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Amneal Pharmaceuticals Q1 2026 Earnings Exceed Expectations
- Earnings Beat: Amneal Pharmaceuticals reported a Q1 2026 non-GAAP EPS of $0.27, exceeding expectations by $0.10, which highlights the company's robust profitability and boosts market confidence in its future performance.
- Revenue Growth: The company achieved revenue of $722.52 million in Q1, reflecting a 3.9% year-over-year increase and surpassing market expectations by $5.74 million, indicating stable growth in a competitive pharmaceutical landscape.
- Adjusted EBITDA Increase: The adjusted EBITDA for Q1 2026 was $202 million, representing a 19% increase compared to Q1 2025, showcasing significant progress in revenue and gross profit enhancement, thereby strengthening its financial foundation.
- Full-Year Guidance Affirmed: Amneal reaffirmed its full-year guidance for 2026, projecting net revenue between $3.05 billion and $3.15 billion, with adjusted EBITDA of $740 million to $770 million, reflecting the company's confidence in future performance and providing clear growth expectations for investors.
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Analysis of Risks and Opportunities in Value Stock Investment
- Amneal Pharmaceuticals Risks: Amneal (AMRX) is projected to have only 2.4% sales growth over the next 12 months, indicating a slowdown in demand, while low returns on capital reflect management's struggles with fund allocation; with a current stock price of $12.75 and a forward P/E ratio of 12.9x, its valuation may be overstated.
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- Concentrix Growth Potential: Concentrix (CNXC) has achieved an impressive 15.3% annual revenue growth over the last five years, indicating strong market share gains, with a current stock price of $24.56 and a forward P/E ratio of 2x, suggesting significant potential in the customer experience solutions sector.
- Value Stock Investment Strategy: While value stocks typically trade at discounts, investors must be wary of value traps; the performances of Amneal and WesBanco raise concerns about future growth, while Concentrix presents a noteworthy investment opportunity, emphasizing the need for caution in selecting value stocks.
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Amneal Pharmaceuticals Q1 Earnings Preview
- Earnings Announcement: Amneal Pharmaceuticals (AMRX) is set to release its Q1 2026 earnings on May 1 before market open, with consensus EPS estimate at $0.17, reflecting a 19% year-over-year decline, while revenue is projected at $716.78 million, indicating a 3.1% year-over-year increase.
- Historical Performance: Over the past two years, AMRX has exceeded EPS estimates 88% of the time and revenue estimates 75% of the time, demonstrating a degree of stability and reliability in its financial performance.
- Estimate Adjustments: In the last three months, there have been no upward revisions to EPS estimates, with three downward adjustments, while revenue estimates also saw no upward revisions and two downward adjustments, indicating a cautious market outlook on the company's future performance.
- Strategic Goals: Amneal aims to reduce its leverage below 3x by 2028 and has set a revenue target of $4.3 billion to $4.5 billion for 2030 following the Kashiv acquisition, reflecting the company's confidence and strategic positioning for future growth.
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Amneal Pharmaceuticals Acquires Kashiv BioSciences, Paving the Way for Biosimilars Integration
- Acquisition Strategy: Amneal announced the acquisition of Kashiv BioSciences for $750 million, structured as a 50-50 mix of cash and equity, positioning Amneal to become the largest affordable medicines company in the U.S. and enhancing its leadership in the biosimilars market.
- Financial Performance: In Q1 2026, Amneal reported net revenues of $723 million, a 4% increase, with adjusted EBITDA of $202 million, up 19%, and EPS of $0.27, up 29%, demonstrating strong financial growth momentum.
- Future Outlook: Management anticipates that by 2030, the combined company's revenue will grow by approximately $1.2 billion, reaching between $4.3 billion and $4.5 billion, with biosimilars revenue expected to be between $1 billion and $1.3 billion, reflecting strong confidence in future market demand.
- Integration Benefits: The acquisition is expected to yield $400 million to $500 million in cumulative financial synergies by eliminating milestone and profit-sharing obligations from prior licensing deals, allowing Amneal to capture full economic benefits from partnered assets and enhance profitability.
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U.S. Stocks Rise, Nasdaq Hits Record High
- Strong Market Performance: The S&P 500 index rose by 0.84%, the Dow Jones Industrial Average increased by 0.76%, and the Nasdaq 100 climbed by 1.28%, reflecting robust market sentiment and investor confidence, particularly against the backdrop of better-than-expected corporate earnings.
- Earnings Drive Growth: Companies like GE Vernova, Boeing, and Masco reported Q1 earnings exceeding market expectations, with revenues of $9.34 billion, $1.92 billion, and $5.20 billion respectively, indicating signs of economic recovery and boosting overall market performance.
- Geopolitical Impact: President Trump extended the ceasefire with Iran, and although planned talks were called off, the market's optimism regarding future negotiations has increased investor confidence, with oil prices rising over 2%, potentially exacerbating the global energy crisis.
- Mortgage Applications Surge: U.S. MBA mortgage applications rose by 7.9% in the week ending April 17, with the purchase mortgage sub-index up 10.1%, indicating a rebound in housing demand, while the average 30-year fixed mortgage rate fell to 6.35%, providing better financing conditions for homebuyers.
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U.S. Stocks Rise, Nasdaq Hits Record High
- Strong Market Performance: The S&P 500 index rose by 0.65%, the Dow Jones Industrial Average increased by 0.70%, and the Nasdaq 100 climbed by 0.79%, reflecting robust market sentiment, particularly driven by better-than-expected corporate earnings that boosted investor confidence.
- Earnings Drive Growth: Companies like GE Vernova, Boeing, and Masco reported Q1 earnings exceeding expectations, with net sales of $9.34 billion, negative adjusted free cash flow of -$1.45 billion, and $1.92 billion respectively, propelling market gains and enhancing confidence in economic recovery.
- Geopolitical Impact: President Trump announced an indefinite extension of the ceasefire with Iran, and although planned talks were called off, the market remains optimistic about future developments, contributing to a rise in crude oil prices, with WTI crude up over 1%.
- Mortgage Applications Surge: U.S. MBA mortgage applications rose by 7.9% for the week ending April 17, with the purchase mortgage sub-index up 10.1%, indicating signs of recovery in the housing market, while the average 30-year fixed mortgage rate fell to 6.35%.
See More
Amneal Pharmaceuticals Q1 2026 Earnings Exceed Expectations
- Earnings Beat: Amneal Pharmaceuticals reported a Q1 2026 non-GAAP EPS of $0.27, exceeding expectations by $0.10, which highlights the company's robust profitability and boosts market confidence in its future performance.
- Revenue Growth: The company achieved revenue of $722.52 million in Q1, reflecting a 3.9% year-over-year increase and surpassing market expectations by $5.74 million, indicating stable growth in a competitive pharmaceutical landscape.
- Adjusted EBITDA Increase: The adjusted EBITDA for Q1 2026 was $202 million, representing a 19% increase compared to Q1 2025, showcasing significant progress in revenue and gross profit enhancement, thereby strengthening its financial foundation.
- Full-Year Guidance Affirmed: Amneal reaffirmed its full-year guidance for 2026, projecting net revenue between $3.05 billion and $3.15 billion, with adjusted EBITDA of $740 million to $770 million, reflecting the company's confidence in future performance and providing clear growth expectations for investors.
See More
Analysis of Risks and Opportunities in Value Stock Investment
- Amneal Pharmaceuticals Risks: Amneal (AMRX) is projected to have only 2.4% sales growth over the next 12 months, indicating a slowdown in demand, while low returns on capital reflect management's struggles with fund allocation; with a current stock price of $12.75 and a forward P/E ratio of 12.9x, its valuation may be overstated.
- WesBanco Challenges: WesBanco (WSBC) has a net interest margin of 3.4%, significantly lower than other banks, suggesting poor loan profitability; its flat tangible book value per share over the past five years highlights difficulties in finding profitable growth opportunities, with a current stock price of $34.47 and a forward P/B ratio of 0.8x, warranting caution from investors.
- Concentrix Growth Potential: Concentrix (CNXC) has achieved an impressive 15.3% annual revenue growth over the last five years, indicating strong market share gains, with a current stock price of $24.56 and a forward P/E ratio of 2x, suggesting significant potential in the customer experience solutions sector.
- Value Stock Investment Strategy: While value stocks typically trade at discounts, investors must be wary of value traps; the performances of Amneal and WesBanco raise concerns about future growth, while Concentrix presents a noteworthy investment opportunity, emphasizing the need for caution in selecting value stocks.
See More
Amneal Pharmaceuticals Q1 Earnings Preview
- Earnings Announcement: Amneal Pharmaceuticals (AMRX) is set to release its Q1 2026 earnings on May 1 before market open, with consensus EPS estimate at $0.17, reflecting a 19% year-over-year decline, while revenue is projected at $716.78 million, indicating a 3.1% year-over-year increase.
- Historical Performance: Over the past two years, AMRX has exceeded EPS estimates 88% of the time and revenue estimates 75% of the time, demonstrating a degree of stability and reliability in its financial performance.
- Estimate Adjustments: In the last three months, there have been no upward revisions to EPS estimates, with three downward adjustments, while revenue estimates also saw no upward revisions and two downward adjustments, indicating a cautious market outlook on the company's future performance.
- Strategic Goals: Amneal aims to reduce its leverage below 3x by 2028 and has set a revenue target of $4.3 billion to $4.5 billion for 2030 following the Kashiv acquisition, reflecting the company's confidence and strategic positioning for future growth.
See More
Amneal Pharmaceuticals Acquires Kashiv BioSciences, Paving the Way for Biosimilars Integration
- Acquisition Strategy: Amneal announced the acquisition of Kashiv BioSciences for $750 million, structured as a 50-50 mix of cash and equity, positioning Amneal to become the largest affordable medicines company in the U.S. and enhancing its leadership in the biosimilars market.
- Financial Performance: In Q1 2026, Amneal reported net revenues of $723 million, a 4% increase, with adjusted EBITDA of $202 million, up 19%, and EPS of $0.27, up 29%, demonstrating strong financial growth momentum.
- Future Outlook: Management anticipates that by 2030, the combined company's revenue will grow by approximately $1.2 billion, reaching between $4.3 billion and $4.5 billion, with biosimilars revenue expected to be between $1 billion and $1.3 billion, reflecting strong confidence in future market demand.
- Integration Benefits: The acquisition is expected to yield $400 million to $500 million in cumulative financial synergies by eliminating milestone and profit-sharing obligations from prior licensing deals, allowing Amneal to capture full economic benefits from partnered assets and enhance profitability.
See More
U.S. Stocks Rise, Nasdaq Hits Record High
- Strong Market Performance: The S&P 500 index rose by 0.84%, the Dow Jones Industrial Average increased by 0.76%, and the Nasdaq 100 climbed by 1.28%, reflecting robust market sentiment and investor confidence, particularly against the backdrop of better-than-expected corporate earnings.
- Earnings Drive Growth: Companies like GE Vernova, Boeing, and Masco reported Q1 earnings exceeding market expectations, with revenues of $9.34 billion, $1.92 billion, and $5.20 billion respectively, indicating signs of economic recovery and boosting overall market performance.
- Geopolitical Impact: President Trump extended the ceasefire with Iran, and although planned talks were called off, the market's optimism regarding future negotiations has increased investor confidence, with oil prices rising over 2%, potentially exacerbating the global energy crisis.
- Mortgage Applications Surge: U.S. MBA mortgage applications rose by 7.9% in the week ending April 17, with the purchase mortgage sub-index up 10.1%, indicating a rebound in housing demand, while the average 30-year fixed mortgage rate fell to 6.35%, providing better financing conditions for homebuyers.
See More
U.S. Stocks Rise, Nasdaq Hits Record High
- Strong Market Performance: The S&P 500 index rose by 0.65%, the Dow Jones Industrial Average increased by 0.70%, and the Nasdaq 100 climbed by 0.79%, reflecting robust market sentiment, particularly driven by better-than-expected corporate earnings that boosted investor confidence.
- Earnings Drive Growth: Companies like GE Vernova, Boeing, and Masco reported Q1 earnings exceeding expectations, with net sales of $9.34 billion, negative adjusted free cash flow of -$1.45 billion, and $1.92 billion respectively, propelling market gains and enhancing confidence in economic recovery.
- Geopolitical Impact: President Trump announced an indefinite extension of the ceasefire with Iran, and although planned talks were called off, the market remains optimistic about future developments, contributing to a rise in crude oil prices, with WTI crude up over 1%.
- Mortgage Applications Surge: U.S. MBA mortgage applications rose by 7.9% for the week ending April 17, with the purchase mortgage sub-index up 10.1%, indicating signs of recovery in the housing market, while the average 30-year fixed mortgage rate fell to 6.35%.
See More
