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Amgen Q3 sales rise 8% as Repatha, cancer and rare-disease drugs grow
Amgen said Tuesday that third-quarter sales rose 8% to $10.4 billion, led by cholesterol drug Repatha and newer medicines Imdelltra and Uplizna, and it raised its 2026 outlook (Reuters).
- New headline Was: “Amgen third quarter sales rise 8%, led by cholesterol, cancer drugs”
- Our desk filed its story
Based on reporting by Reuters
Amgen said Tuesday that third-quarter sales rose 8% from a year earlier, to $10.4 billion, with growth led by cholesterol drug Repatha and newer medicines Imdelltra, for lung cancer, and Uplizna, a rare-disease therapy1.
Reuters, citing LSEG, said adjusted earnings rose 14% to $6.45 a share, above a $5.79 average estimate, while net earnings per share rose 19% to $7.08, and quarterly revenue topped a $10.1 billion Wall Street average1.
The Thousand Oaks, California, company raised its 2026 outlook to adjusted earnings of $22.90 to $23.70 a share on revenue of $38.9 billion to $39.7 billion, from a prior range of $22.30 to $23.50 on $38.2 billion to $39.4 billion, Reuters said; analysts cited by LSEG were at $23.02 and $38.9 billion1.
Repatha sales rose 37% to $1.09 billion, Evenity 39% to $751 million, Uplizna 191% to $451 million and Imdelltra 128% to $406 million, while older osteoporosis drug Prolia fell 45% to $632 million after patent expirations, Reuters reported, with mixed comparisons to analyst product estimates1.
Phase 3 results for experimental weight-loss drug MariTide are not expected until next year, Reuters said; the injection is being studied for obesity and related conditions, including sleep apnea and heart disease1.
Quarterly sales of Tavneos fell 2% to $105 million; Amgen said it is still talking with the FDA, which in April proposed withdrawing the drug, and that it believes the benefit-risk profile is favorable1.
