Amgen Q2 Earnings Beat Estimates, Shares Fall Amid MariTide Focus

miércoles, 6 de agosto de 2025, 2:21 pm ET1 min de lectura
AMGN--

Amgen reported Q2 earnings of $6.02 per share, up 21% YoY, beating expectations. Sales rose 9% to $9.18 billion, exceeding estimates. The company raised FY25 adjusted earnings guidance to $20.20-$21.30 and sales outlook to $35-$36 billion. Despite positive results, investor focus remains on experimental weight-loss drug MariTide, with data readout anticipated in Q4 2025. Amgen shares are trading lower by 5.10% to $284.97.

Amgen (NASDAQ: AMGN) announced its second-quarter 2025 financial results, showcasing robust performance across various therapeutic areas. The company reported earnings per share (EPS) of $6.02, up 21% year-over-year (YoY), exceeding analysts' expectations of $5.75 [1]. Total revenues increased 9% to $9.2 billion, driven by 13% volume growth, partially offset by a 3% decrease in net selling price [1].

Key highlights of the quarter include:

- Product Sales Growth: Fifteen products experienced double-digit sales growth, with Repatha® (evolocumab) and EVENITY® (romosozumab-aqqg) leading the way, increasing by 31% and 32% YoY, respectively [1].
- Operating Income and Margin: GAAP operating income rose from $1.9 billion to $2.7 billion, while the operating margin increased 6.6 percentage points to 30.3% [1].
- Non-GAAP Metrics: Non-GAAP EPS increased 21% to $6.02, and non-GAAP operating income rose to $4.3 billion, with the operating margin expanding 0.7 percentage points to 48.9% [1].
- Free Cash Flow: The company generated $1.9 billion in free cash flow, down from $2.2 billion in the previous year, primarily due to deferred tax payments and higher capital expenditures [1].

Amgen also raised its full-year 2025 adjusted earnings guidance to $20.20-$21.30 per share and sales outlook to $35-$36 billion [1]. However, investor focus remains on the experimental weight-loss drug MariTide, with data readout anticipated in the fourth quarter of 2025 [1].

Despite the positive results, Amgen shares are trading lower by 5.10% to $284.97 as of July 2, 2025, reflecting market concerns about the potential impact of biosimilar competition and the upcoming MariTide data readout [1].

References:
[1] Amgen Reports Second Quarter 2025 Financial Results. (2025, August 5). PRNewswire. Retrieved from https://www.amgen.com/newsroom/press-releases/2025/08/amgen-reports-second-quarter-2025-financial-results

Amgen Q2 Earnings Beat Estimates, Shares Fall Amid MariTide Focus

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