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Amgen Inc. (AMGN) Q2 FY2026 Financial Statements: Revenue $10.05B, Net income $2.38B

CIK 0000318154 · Nasdaq · Latest period: Q2 FY2026 (ended 2026-06-30, 10-Q accession 0000318154-26-000126) · Annual report: FY2025 10-K (filed 2026-02-13, accession 0000318154-26-000010) · Next expected filing: 10-Q ~2026-11-04

More for Amgen: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026

Published

Amgen reported total revenues of $10.05 billion for Q2 FY2026, the quarter ended June 30, 2026, up 9.5% from a year earlier, as volume growth in products including Repatha, EVENITY and UPLIZNA outweighed biosimilar erosion of Prolia and XGEVA. Net income was $2.38 billion, up 65.9%, and diluted earnings per share were $4.37, up 64.9%. Operating income rose to $3.51 billion, up 32.3%, as lower amortization of acquired intangible assets and smaller Horizon inventory step-up charges reduced cost of sales, and a smaller unrealized loss on Amgen's stake in BeOne Medicines added to the gain in net income.

MetricAmountvs. year ago
Revenue$10,054,000,000up 9.5%
Net income$2,375,000,000up 65.9%
Diluted EPS$4.37up 64.9%
Operating income$3,514,000,000up 32.3%

Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.

About this file

TickerAMGN
CIK0000318154
CompanyAmgen Inc.
Business typebiopharmaceutical
Schema templatestandard (product sales and total revenues / cost of sales / operating income / net income, plus product-level and U.S. versus rest-of-world product sales, which is how a single-segment biotechnology company is read)
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions); share counts in actual shares; per-share figures in dollars

AMGN annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
LabelFY2025FY2024FY2023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession10-K10-K10-K
Income statement
Product sales35,148,000,00032,026,000,00026,910,000,000
Other revenues1,603,000,0001,398,000,0001,280,000,000
Total revenues36,751,000,00033,424,000,00028,190,000,000
Cost of sales12,037,000,00012,858,000,0008,451,000,000
Research and development7,272,000,0005,964,000,0004,784,000,000
Selling general and administrative7,050,000,0007,096,000,0006,179,000,000
Other operating expenses1,312,000,000248,000,000879,000,000
Total operating expenses27,671,000,00026,166,000,00020,293,000,000
Operating income9,080,000,0007,258,000,0007,897,000,000
Interest expense net-2,755,000,000-3,155,000,000-2,875,000,000
Other income expense net2,651,000,000506,000,0002,833,000,000
Income before income taxes8,976,000,0004,609,000,0007,855,000,000
Provision for income taxes1,265,000,000519,000,0001,138,000,000
Net income7,711,000,0004,090,000,0006,717,000,000
Basic EPS14.337.6212.56
Diluted EPS14.237.5612.49
Basic shares538,000,000537,000,000535,000,000
Diluted shares542,000,000541,000,000538,000,000
Balance sheet
Cash and cash equivalents9,129,000,00011,973,000,000
Trade receivables net9,570,000,0006,782,000,000
Inventories6,225,000,0006,998,000,000
Other current assets4,133,000,0003,277,000,000
Total current assets29,057,000,00029,030,000,000
Property plant and equipment net7,913,000,0006,543,000,000
Intangible assets net22,276,000,00027,699,000,000
Goodwill18,680,000,00018,637,000,000
Other noncurrent assets12,660,000,0009,930,000,000
Total assets90,586,000,00091,839,000,000
Accounts payable2,367,000,0001,908,000,000
Accrued liabilities18,523,000,00017,641,000,000
Current portion of long term debt4,599,000,0003,550,000,000
Total current liabilities25,489,000,00023,099,000,000
Long term debt50,005,000,00056,549,000,000
Long term deferred tax liabilities1,366,000,0001,616,000,000
Long term tax liabilities2,690,000,0002,349,000,000
Other noncurrent liabilities2,378,000,0002,349,000,000
Common stock and additional paid in capital34,023,000,00033,533,000,000
Accumulated deficit-25,107,000,000-27,590,000,000
Accumulated other comprehensive loss-258,000,000-66,000,000
Total stockholders equity8,658,000,0005,877,000,000
Total liabilities and stockholders equity90,586,000,00091,839,000,000
Shares outstanding538,800,000536,900,000
Total debt derived54,604,000,00060,099,000,000
Total liabilities derived81,928,000,00085,962,000,000
Cash flow
Depreciation amortization and other5,167,000,0005,592,000,0004,071,000,000
Impairment of intangible assets1,200,000,000159,000,000851,000,000
Stock based compensation494,000,000530,000,000431,000,000
Operating cash flow9,958,000,00011,490,000,0008,471,000,000
Cash paid for acquisitions-53,000,0000-26,989,000,000
Capex-1,858,000,000-1,096,000,000-1,112,000,000
Investing cash flow-1,943,000,000-1,046,000,000-26,204,000,000
Net proceeds from issuance of debt0027,777,000,000
Extinguishment of debt-683,000,000-659,000,000-647,000,000
Repayment of debt-5,000,000,000-3,600,000,000-1,454,000,000
Repurchases of common stock0-200,000,0000
Dividends paid-5,124,000,000-4,832,000,000-4,556,000,000
Financing cash flow-10,859,000,000-9,415,000,00021,048,000,000
Free cash flow8,100,000,00010,394,000,0007,359,000,000
Product sales by product
Prolia4,414,000,0004,374,000,0004,048,000,000
Repatha3,016,000,0002,222,000,0001,635,000,000
Otezla2,265,000,0002,126,000,0002,188,000,000
Enbrel2,226,000,0003,316,000,0003,697,000,000
Evenity2,100,000,0001,563,000,0001,160,000,000
Xgeva2,084,000,0002,225,000,0002,112,000,000
Tepezza1,903,000,0001,851,000,000448,000,000
Blincyto1,559,000,0001,216,000,000861,000,000
Nplate1,524,000,0001,456,000,0001,477,000,000
Tezspire1,478,000,000972,000,000567,000,000
Kyprolis1,412,000,0001,503,000,0001,403,000,000
Aranesp1,389,000,0001,342,000,0001,362,000,000
Krystexxa1,340,000,0001,185,000,000272,000,000
Vectibix1,175,000,0001,045,000,000984,000,000
Other products7,263,000,0005,630,000,0004,696,000,000
Total product sales35,148,000,00032,026,000,00026,910,000,000
Product sales by geography
United states25,656,000,00023,301,000,00019,272,000,000
Rest of world9,492,000,0008,725,000,0007,638,000,000
Dividends
Dividends declared5,228,000,0004,931,000,0004,644,000,000
Dividends declared per share9.669.138.64

AMGN quarterly income statement, balance sheet and cash flow

Q2 2026Q2 2025
Fiscal year20262025
Fiscal quarter22
LabelQ2 2026Q2 2025
Period start2026-04-012025-04-01
Period end2026-06-302025-06-30
Period typethree monthsthree months
Source accession10-Q10-Q
Cash flow source accession0000318154-26-0001240000318154-26-000124
Income statement
Product sales9,537,000,0008,771,000,000
Other revenues517,000,000408,000,000
Total revenues10,054,000,0009,179,000,000
Cost of sales2,811,000,0003,011,000,000
Research and development1,868,000,0001,744,000,000
Selling general and administrative1,745,000,0001,691,000,000
Other operating expenses116,000,00077,000,000
Total operating expenses6,540,000,0006,523,000,000
Operating income3,514,000,0002,656,000,000
Interest expense net-673,000,000-694,000,000
Other income expense net-73,000,000-394,000,000
Income before income taxes2,768,000,0001,568,000,000
Provision for income taxes393,000,000136,000,000
Net income2,375,000,0001,432,000,000
Basic EPS4.42.66
Diluted EPS4.372.65
Basic shares540,000,000538,000,000
Diluted shares544,000,000541,000,000
Balance sheet
Cash and cash equivalents13,989,000,000
Trade receivables net10,227,000,000
Inventories6,220,000,000
Other current assets4,525,000,000
Total current assets34,961,000,000
Property plant and equipment net8,547,000,000
Intangible assets net20,487,000,000
Goodwill18,668,000,000
Other noncurrent assets12,976,000,000
Total assets95,639,000,000
Accounts payable2,865,000,000
Accrued liabilities17,192,000,000
Current portion of long term debt5,445,000,000
Total current liabilities25,502,000,000
Long term debt51,859,000,000
Long term deferred tax liabilities1,301,000,000
Long term tax liabilities2,844,000,000
Other noncurrent liabilities2,445,000,000
Common stock and additional paid in capital34,082,000,000
Accumulated deficit-22,275,000,000
Accumulated other comprehensive loss-119,000,000
Total stockholders equity11,688,000,000
Total liabilities and stockholders equity95,639,000,000
Shares outstanding540,600,000
Total debt derived57,304,000,000
Total liabilities derived83,951,000,000
Cash flow
Operating cash flow4,002,000,0002,280,000,000
Investing cash flow-569,000,000-389,000,000
Financing cash flow-1,482,000,000-2,673,000,000
Capex-513,000,000-369,000,000
Free cash flow3,489,000,0001,911,000,000
Product sales by product
Repatha953,000,000696,000,000
Prolia759,000,0001,122,000,000
Evenity714,000,000518,000,000
Tepezza576,000,000505,000,000
Otezla491,000,000618,000,000
Enbrel580,000,000604,000,000
Blincyto472,000,000384,000,000
Nplate430,000,000369,000,000
Tezspire486,000,000342,000,000
Xgeva352,000,000532,000,000
Aranesp352,000,000359,000,000
Krystexxa400,000,000349,000,000
Kyprolis314,000,000378,000,000
Vectibix338,000,000305,000,000
Uplizna335,000,000176,000,000
Imdelltra imdylltra288,000,000134,000,000
Other products1,697,000,0001,380,000,000
Total product sales9,537,000,0008,771,000,000
Product sales by geography
United states6,990,000,0006,324,000,000
Rest of world2,547,000,0002,447,000,000

AMGN year-to-date income statement and cash flow

Six months ended June 30, 2026
LabelSix months ended June 30, 2026
Period start2026-01-01
Period end2026-06-30
Period typesix months
Source accession10-Q
Income statement
Product sales17,755,000,000.0
Other revenues917,000,000.0
Total revenues18,672,000,000.0
Cost of sales5,555,000,000.0
Research and development3,587,000,000.0
Selling general and administrative3,347,000,000.0
Other operating expenses3,000,000.0
Total operating expenses12,492,000,000.0
Operating income6,180,000,000.0
Interest expense net-1,330,000,000.0
Other income expense net2,000,000.0
Income before income taxes4,852,000,000.0
Provision for income taxes658,000,000.0
Net income4,194,000,000.0
Basic EPS7.77
Diluted EPS7.71
Basic shares540,000,000.0
Diluted shares544,000,000.0
Cash flow
Depreciation amortization and other2,228,000,000.0
Impairment of intangible assets0.0
Stock based compensation240,000,000.0
Operating cash flow6,191,000,000.0
Capex-1,225,000,000.0
Investing cash flow-1,285,000,000.0
Net proceeds from issuance of debt3,964,000,000.0
Extinguishment of debt-233,000,000.0
Repayment of debt-833,000,000.0
Dividends paid-2,720,000,000.0
Financing cash flow-46,000,000.0
Free cash flow4,966,000,000.0
Product sales by product
Repatha1,829,000,000.0
Prolia1,486,000,000.0
Evenity1,276,000,000.0
Tepezza1,066,000,000.0
Otezla922,000,000.0
Enbrel900,000,000.0
Blincyto887,000,000.0
Nplate842,000,000.0
Tezspire829,000,000.0
Xgeva763,000,000.0
Aranesp663,000,000.0
Krystexxa655,000,000.0
Kyprolis644,000,000.0
Vectibix625,000,000.0
Uplizna597,000,000.0
Imdelltra imdylltra546,000,000.0
Other products3,225,000,000.0
Total product sales17,755,000,000.0
Product sales by geography
United states12,763,000,000.0
Rest of world4,992,000,000.0
Prior year comparative
LabelSix months ended June 30, 2025
Period start2025-01-01
Period end2025-06-30
Period typesix months
Source accession10-Q
Income statement
Product sales16,644,000,000.0
Other revenues684,000,000.0
Total revenues17,328,000,000.0
Cost of sales5,979,000,000.0
Research and development3,230,000,000.0
Selling general and administrative3,378,000,000.0
Other operating expenses907,000,000.0
Total operating expenses13,494,000,000.0
Operating income3,834,000,000.0
Interest expense net-1,417,000,000.0
Other income expense net1,124,000,000.0
Income before income taxes3,541,000,000.0
Provision for income taxes379,000,000.0
Net income3,162,000,000.0
Basic EPS5.88
Diluted EPS5.84
Basic shares538,000,000.0
Diluted shares541,000,000.0
Cash flow
Depreciation amortization and other2,728,000,000.0
Impairment of intangible assets800,000,000.0
Stock based compensation242,000,000.0
Operating cash flow3,671,000,000.0
Capex-780,000,000.0
Investing cash flow-836,000,000.0
Net proceeds from issuance of debt0.0
Extinguishment of debt-602,000,000.0
Repayment of debt-3,500,000,000.0
Dividends paid-2,559,000,000.0
Financing cash flow-6,780,000,000.0
Free cash flow2,891,000,000.0
Product sales by product
Repatha1,352,000,000.0
Prolia2,221,000,000.0
Evenity960,000,000.0
Tepezza886,000,000.0
Otezla1,055,000,000.0
Enbrel1,114,000,000.0
Blincyto754,000,000.0
Nplate682,000,000.0
Tezspire627,000,000.0
Xgeva1,098,000,000.0
Aranesp699,000,000.0
Krystexxa585,000,000.0
Kyprolis702,000,000.0
Vectibix572,000,000.0
Uplizna267,000,000.0
Imdelltra imdylltra215,000,000.0
Other products2,855,000,000.0
Total product sales16,644,000,000.0
Product sales by geography
United states11,986,000,000.0
Rest of world4,658,000,000.0
Dividends
Dividends declared1,280,000,000.0
Dividends declared per share2.38
Dividends
Dividends declared1,362,000,000.0
Dividends declared per share2.52

AMGN trailing twelve month income statement and cash flow

Twelve months ended June 30, 2026
LabelTwelve months ended June 30, 2026
Period start2025-07-01
Period end2026-06-30
Period typetrailing twelve months
Source accession10-Q
Derived from accessions10-K, 10-Q
Income statement
Product sales36,259,000,000.0
Other revenues1,836,000,000.0
Total revenues38,095,000,000.0
Cost of sales11,613,000,000.0
Research and development7,629,000,000.0
Selling general and administrative7,019,000,000.0
Operating income11,426,000,000.0
Net income8,743,000,000.0
Diluted EPS16.1
Cash flow
Operating cash flow12,478,000,000.0
Capex-2,303,000,000.0
Free cash flow10,175,000,000.0
Dividends paid-5,285,000,000.0

Adjustments

Value
Splits appliednone
ADR ration/a
FXnone; Amgen reports in U.S. dollars

Notes

  • Annual figures for 2025, 2024 and 2023 are taken from the FY2025 Form 10-K (accession 0000318154-26-000010). The 10-K presents three years of income statement and cash flows but only two year-end balance sheets, so FY2023 carries no balance sheet.
  • Quarterly figures for the three months ended June 30, 2026 and 2025, the six-month year-to-date figures, and the June 30, 2026 balance sheet are taken from the Q2 2026 Form 10-Q (accession 0000318154-26-000126). The 10-Q does not present a June 30, 2025 balance sheet, so Q2 2025 carries none.
  • The 10-Q's cash flow statement covers six months only. The three-month cash flow figures for Q2 2026 and Q2 2025 (operating, investing and financing cash flow, capital expenditures and free cash flow) come from the Q2 2026 earnings release furnished as Exhibit 99.1 to the Form 8-K filed August 4, 2026 (accession 0000318154-26-000124), not from the 10-Q.
  • Amgen reports one operating segment, human therapeutics, so the record is organized as a single consolidated business, with product sales broken out by product and by U.S. versus rest of world (ROW) as printed in the revenues note of each filing.
  • Free cash flow follows Amgen's own definition: net cash provided by operating activities less capital expenditures. The quarterly and six-month free cash flow figures are printed in the Q2 2026 earnings release; the six-month figures equal the 10-Q's operating cash flow less its purchases of property, plant and equipment. The annual free cash flow is computed from the 10-K's cash flow statement in the same way; the FY2025 ($8,100 million) and FY2024 ($10,394 million) results equal the figures Amgen printed in its fourth-quarter 2025 earnings release (accession 0000318154-26-000003). FY2023 ($7,359 million) equals the figure Amgen printed in its fourth-quarter 2024 earnings release (accession 0000318154-25-000005).
  • Capital expenditures are the cash flow statement's 'Purchases of property, plant and equipment' (the earnings release labels the same amount 'Capital expenditures').
  • Signs follow the filings: cash outflows and expense amounts printed in parentheses are stored as negative numbers, so interest_expense_net and capex are negative. other_income_expense_net is positive for net other income and negative for net other expense.
  • total_debt_derived is the current portion of long-term debt plus long-term debt, at their balance-sheet carrying amounts. The balance sheet prints no total-liabilities line; total_liabilities_derived is the sum of total current liabilities, long-term debt, long-term deferred tax liabilities, long-term tax liabilities and other noncurrent liabilities, and with stockholders' equity it equals total assets in every period.
  • No gross profit line is reported because Amgen does not present one. Its cost of sales includes most of the amortization of acquired intangible assets, which the 10-Q puts at $890 million for Q2 2026 and $1.1 billion for Q2 2025.
  • Shares outstanding come from the statements of stockholders' equity, which print them in millions to one decimal place. Weighted-average basic and diluted shares are printed in whole millions on the income statement.
  • Dividends declared, in total and per share, come from the statements of stockholders' equity. The six-month statements show $2.52 per share declared in 2026 and $2.38 in 2025; the three-month statements for the second quarters of 2026 and 2025 show no dividends declared, so no quarterly dividend-declared figure is given. Dividends paid in cash are in the cash flow block.
  • The 10-K names 14 principal products in its revenues note; the 10-Q names 16, adding UPLIZNA and IMDELLTRA/IMDYLLTRA, whose sales the 10-K includes in 'Other products'. 'Other products' therefore covers fewer products in the quarterly and six-month periods than in the annual periods, and the two are not comparable. TEPEZZA and KRYSTEXXA came with the acquisition of Horizon on October 6, 2023, so FY2023 includes only their post-acquisition sales.
  • The trailing-twelve-month view is derived, not printed by any filing: FY2025 from the 10-K, plus the six months ended June 30, 2026, less the six months ended June 30, 2025, both from the 10-Q. Its diluted earnings per share ($16.10) is the same arithmetic applied to the published per-share figures ($14.23 + $7.71 - $5.84), not a figure Amgen reports.
  • The 10-Q states that certain prior-period amounts were reclassified to conform with the current presentation; the 2025 comparatives here are as presented in the 10-Q.
  • No stock split, currency translation or ADR adjustment applies: Amgen reports in U.S. dollars, its common stock trades directly, and it has no stock split in the periods covered.

Uncertainties

  • The trailing-twelve-month figures, including the $16.10 diluted earnings per share, are computed from the annual and six-month columns and do not appear in any filing.
  • Three-month cash flow figures for Q2 2026 rest on the Q2 2026 earnings release alone, because the 10-Q prints only six-month cash flows. The Q2 2025 three-month figures are also printed in Amgen's Q2 2025 earnings release (accession 0000318154-25-000054).

Company details

Value
NameAmgen Inc
TickerAMGN
CIK0000318154
ExchangeNasdaq
StateCalifornia
IncorporationDelaware
SIC2836
OfficeLife Sciences
IndustryBiological Products, (No Diagnostic Substances)

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-06-30
Form10-Q
Accession10-Q
Fiscal year end1231
Sourcefacts

Source filings

RoleCurrentFormFiscal yearFiscal periodTagPeriod endFiledAccessionUrlSource
annualno10-K2025FYFY252025-12-312026-02-130000318154-26-000010https://www.sec.gov/Archives/edgar/data/318154/000031815426000010/0000318154-26-000010-index.htmreported
quarterlyyes10-Q2026Q2FY26Q22026-06-302026-08-050000318154-26-000126https://www.sec.gov/Archives/edgar/data/318154/000031815426000126/0000318154-26-000126-index.htmfacts

FAQ · Amgen financial statements

How much revenue did Amgen report in Q2 FY2026?

Amgen reported total revenues of $10.05 billion for Q2 FY2026, the quarter ended June 30, 2026. That is up 9.5% from $9.18 billion in the same quarter a year earlier.

What was Amgen's net income in Q2 FY2026?

Amgen's net income was $2.38 billion in Q2 FY2026, the quarter ended June 30, 2026, up 65.9% from $1.43 billion in the same quarter a year earlier.

What were Amgen's earnings per share in Q2 FY2026?

Amgen earned $4.37 per diluted share in Q2 FY2026, the quarter ended June 30, 2026, up 64.9% from $2.65 in the same quarter a year earlier.

Why did Amgen's profit grow faster than its revenue in Q2 FY2026?

Amgen's operating income rose to $3.51 billion in Q2 FY2026, up 32.3% from $2.66 billion a year earlier, because revenue grew while lower amortization of acquired intangible assets and smaller Horizon inventory step-up charges reduced cost of sales. Net income also benefited from a smaller unrealized loss on Amgen's stake in BeOne Medicines than in the same quarter a year earlier.

Where can I get Amgen Inc. (AMGN) financial data in machine-readable form?

Ticker Scout publishes Amgen Inc.'s financial statements as JSON at https://tickerscout.ai/amgn/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/amgn/narrative.md and https://tickerscout.ai/amgn/events.md. Amgen Inc.'s SEC CIK is 0000318154. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Amgen Inc. (AMGN) next file with the SEC?

Amgen Inc. (AMGN) is expected to file its next Form 10-Q with the SEC on or around November 4, 2026. That date is a projection rather than a company-announced date: it is derived from Amgen Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0000318154-26-000126.

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How this page was built

This page was built from six of Amgen Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer

Built from Amgen Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.