Amgen Q2 sales in Enbrel and Otezla bounce back quarter-over-quarter amid ongoing year-over-year headwinds

Earnings
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Amgen's second-quarter sales for Enbrel and Otezla rebounded from the previous quarter, even as both products continued to face year-over-year declines. The company reported overall Q2 results that beat expectations, prompting it to raise its full-year 2026 revenue guidance to a range of $38.2 billion to $39.4 billion and non-GAAP earnings per share guidance to $22.30 to $23.50. The improved outlook comes as Amgen prepares for a chief financial officer transition.

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Biotech & Genomic Medicine · 1 stocks
Amgen Inc
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Q2 results beat expectations and full-year guidance raised