Amgen Inc. logo

Amgen Inc.

AMGN

NASDAQHealthcareDrug Manufacturers - General

Previous close

$439.33

+$5.60 · +1.29%

Aug 21, 4:00 PM ET

AMGN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

92

Deep Value

Momentum

53

Neutral

Sentiment

67

Bullish

Risk resilience

83

Low Risk

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Company profile

Company website

Amgen Inc., established in 1980 and headquartered in Thousand Oaks, California, is a global biotechnology leader focused on discovering, developing, manufacturing, and delivering groundbreaking human medicines. The company's scientific endeavors span several critical therapeutic categories, including inflammatory conditions, oncology and hematology, bone health, cardiovascular diseases, nephrology, and neuroscience. Its extensive portfolio features a range of significant pharmaceutical products. Notable examples include Enbrel, prescribed for conditions like plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta, which helps cancer patients by reducing the risk of infection linked to a low white blood cell count; Prolia, utilized in postmenopausal women to combat osteoporosis; and Xgeva, designed to prevent skeletal-related complications. Otezla offers relief for adult patients suffering from plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease. Aranesp addresses anemia and low red blood cell counts, while KYPROLIS is employed to treat patients with relapsed or refractory multiple myeloma. Furthermore, Repatha plays a vital role in lowering the incidence of major cardiovascular events such as myocardial infarction, stroke, and coronary revascularization. Amgen's comprehensive product lineup also encompasses Nplate, Vectibix, MVASI, Parsabiv, EPOGEN, KANJINTI, BLINCYTO, Aimovig, EVENITY, AMGEVITATM, Sensipar/Mimpara, NEUPOGEN, IMLYGIC, Corlanor, and AVSOLA. The company distributes its therapies worldwide, primarily serving healthcare providers, including physicians and their clinics, dialysis centers, hospitals, and pharmacies. Distribution is facilitated through pharmaceutical wholesale distributors, complemented by direct-to-consumer channels. Amgen actively engages in strategic collaborations. It has partnered with entities such as Novartis Pharma AG, UCB, Bayer HealthCare LLC, BeiGene, Ltd., Eli Lilly and Company, Datos Health, and Verastem, Inc., to jointly assess VS-6766 when combined with lumakrastm (Sotorasib) in patients with KRAS G12C-mutant non-small cell lung cancer. Another key alliance involves Kyowa Kirin Co., Ltd., for the co-development and commercialization of KHK4083, a Phase 3-ready anti-OX40 fully human monoclonal antibody targeting atopic dermatitis and other autoimmune conditions. Additionally, Amgen maintains research and development partnerships with Neumora Therapeutics, Inc. and Plexium, Inc.

Industry
Drug Manufacturers - General
Sector
Healthcare
Headquarters
US
CEO
Robert A. Bradway
Listed since
Jun 17, 1983
Employees
31,500

Market position

Day range

Current $439.33

52-week range

Current $439.33

Open
$431.74
Previous close
$433.73
Volume
2.11M
0.79× average
Average volume
2.69M
Average daily volume
Market cap
237.11B USD
Beta
0.41
Market reference 1
50-day average
$378.96
+15.93% above average
200-day average
$352.83
+24.52% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
221.57B USD
P/E (TTM)
27.09×
P/B (TTM)
20.3×
P/S (TTM)
6.22×
EV / EBITDA
13.11×
Earnings yield
4.38%
Free cash flow yield
4.60%
Dividend yield
2.26%

Profitability & efficiency

Gross margin
72.65%
Operating margin
33.18%
Net margin
22.93%
Return on equity
89.06%
Return on assets
8.51%
Return on invested capital
13.16%

Financial health

Debt / equity
4.9×
Current ratio
1.14×
Altman Z-score
2.33
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%57%31%6%Gross margin, FY2021: 75.16%Gross margin, FY2022: 75.66%Gross margin, FY2023: 70.15%Gross margin, FY2024: 61.53%Gross margin, FY2025: 70.80%Operating margin, FY2021: 29.40%Operating margin, FY2022: 36.34%Operating margin, FY2023: 28.01%Operating margin, FY2024: 21.71%Operating margin, FY2025: 29.06%Net margin, FY2021: 22.68%Net margin, FY2022: 24.89%Net margin, FY2023: 23.83%Net margin, FY2024: 12.24%Net margin, FY2025: 20.99%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 75.16%. Gross margin FY2022 75.66%. Gross margin FY2023 70.15%. Gross margin FY2024 61.53%. Gross margin FY2025 70.80%. Operating margin FY2021 29.40%. Operating margin FY2022 36.34%. Operating margin FY2023 28.01%. Operating margin FY2024 21.71%. Operating margin FY2025 29.06%. Net margin FY2021 22.68%. Net margin FY2022 24.89%. Net margin FY2023 23.83%. Net margin FY2024 12.24%. Net margin FY2025 20.99%.

Income trends

Revenue

36.74B USD+9.92%

Operating income

10.68B USD+47.09%

Net income

7.71B USD+88.53%
Income trends across reported periods40.01B USD26.95B USD13.89B USD824.9M USDRevenue, FY2021: 25.98B USDRevenue, FY2022: 26.32B USDRevenue, FY2023: 28.19B USDRevenue, FY2024: 33.42B USDRevenue, FY2025: 36.74B USDOperating income, FY2021: 7.64B USDOperating income, FY2022: 9.57B USDOperating income, FY2023: 7.9B USDOperating income, FY2024: 7.26B USDOperating income, FY2025: 10.68B USDNet income, FY2021: 5.89B USDNet income, FY2022: 6.55B USDNet income, FY2023: 6.72B USDNet income, FY2024: 4.09B USDNet income, FY2025: 7.71B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 25.98B USD. Revenue FY2022 26.32B USD. Revenue FY2023 28.19B USD. Revenue FY2024 33.42B USD. Revenue FY2025 36.74B USD. Operating income FY2021 7.64B USD. Operating income FY2022 9.57B USD. Operating income FY2023 7.9B USD. Operating income FY2024 7.26B USD. Operating income FY2025 10.68B USD. Net income FY2021 5.89B USD. Net income FY2022 6.55B USD. Net income FY2023 6.72B USD. Net income FY2024 4.09B USD. Net income FY2025 7.71B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue36.74B USD33.42B USD28.19B USD26.32B USD25.98B USD
Cost of goods sold10.73B USD12.86B USD8.42B USD6.41B USD6.45B USD
Gross profit26.01B USD20.57B USD19.78B USD19.92B USD19.53B USD
Research and development6.97B USD5.96B USD4.78B USD4.43B USD6.32B USD
Selling, general, and administrative7.05B USD7.1B USD6.18B USD5.41B USD5.37B USD
Operating expenses15.34B USD13.31B USD11.84B USD10.35B USD11.89B USD
Interest expense2.76B USD3.16B USD2.88B USD1.41B USD1.2B USD
Depreciation and amortization5.17B USD5.59B USD4.07B USD3.42B USD3.4B USD
Operating income10.68B USD7.26B USD7.9B USD9.57B USD7.64B USD
Net income7.71B USD4.09B USD6.72B USD6.55B USD5.89B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+8.35%
11 comparable reports
Latest EPS result
6.29
Estimate 5.62 · Beat by 11.92%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates6.545.74.864.02Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 5.31, estimate 5.04, surprise +5.36%, Beat. Q2 2025, reported May 1, 2025: actual 4.9, estimate 4.27, surprise +14.75%, Beat. Q3 2025, reported Aug 5, 2025: actual 6.02, estimate 5.28, surprise +14.02%, Beat. Q4 2025, reported Nov 4, 2025: actual 5.64, estimate 5.02, surprise +12.35%, Beat. Q1 2026, reported Feb 3, 2026: actual 5.29, estimate 4.73, surprise +11.84%, Beat. Q2 2026, reported Apr 30, 2026: actual 5.15, estimate 4.77, surprise +7.97%, Beat. Q3 2026, reported Aug 4, 2026: actual 6.29, estimate 5.62, surprise +11.92%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 5.79, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates10.46B9.52B8.59B7.66BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 9.09B USD, estimate 8.88B USD, surprise +2.31%, Beat. Q2 2025, reported May 1, 2025: actual 8.15B USD, estimate 8.06B USD, surprise +1.14%, Beat. Q3 2025, reported Aug 5, 2025: actual 9.17B USD, estimate 8.94B USD, surprise +2.59%, Beat. Q4 2025, reported Nov 4, 2025: actual 9.56B USD, estimate 8.97B USD, surprise +6.59%, Beat. Q1 2026, reported Feb 3, 2026: actual 9.87B USD, estimate 9.47B USD, surprise +4.14%, Beat. Q2 2026, reported Apr 30, 2026: actual 8.62B USD, estimate 8.58B USD, surprise +0.50%, Beat. Q3 2026, reported Aug 4, 2026: actual 10.05B USD, estimate 9.43B USD, surprise +6.66%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 10.05B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$386.68

11.98% downside
Past 12 months12-month forecastHigh $460Average $386.68Low $230

Rating distribution

39 ratings
Strong buy00%
Buy2359%
Hold1333%
Sell38%
Strong sell00%

AMGN news

Corporate actions

Corporate action history

Stock split

Effective Nov 22, 1999

2:1

Stock split

Effective Mar 1, 1999

2:1

Stock split

Effective Aug 16, 1995

2:1

Stock split

Effective Sep 11, 1991

3:1

Stock split

Effective Aug 13, 1990

2:1

AMGN peers

ETFs holding AMGN

Funds reporting this stock among their holdings, ordered by reported position size.

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