NASDAQ$AMGN
Amgen Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Amgen's Q4 2019 financial results were announced, showing a slight decrease in total revenues and mixed performance across different products.
Amgen reported a 1% decrease in total revenues for Q4 2019, amounting to $6.2 billion, impacted by biosimilar and generic competition. GAAP EPS decreased by 5% to $2.85, while non-GAAP EPS increased by 6% to $3.64. Product sales saw a decline, but several products including Repatha, Parsabiv, and Blincyto experienced double-digit unit growth.
- Total revenues decreased by 1% to $6.2 billion due to biosimilar and generic competition.
- GAAP EPS decreased by 5% to $2.85, while non-GAAP EPS increased by 6% to $3.64.
- Product sales declined 2% globally, but several products saw double-digit unit growth.
- Otezla contributed $178 million in sales after its acquisition in November 2019.
Headline financials
Revenue & EPS history
Amgen · Revenue · Quarterly
$6.2B
Revenue by segment
Amgen · $5.3B total across 16 segments · Q4 2019
- Enbrel$1.35B+2.4%25.4%
- Prolia$752M+14.8%14.2%
- Neulasta$665M-43.1%12.5%
- XGEVA$489M+7.2%9.2%
- Aranesp$427M-9.9%8.1%
- KYPROLIS$266M+6.0%5.0%
- Nplate$210M+15.4%4.0%
- Repatha$200M+25.8%3.8%
- Vectibix$182M+8.3%3.4%
- Parsabiv$179M+49.2%3.4%
- Otezla$178M—3.4%
- Other products$87M+19.2%1.6%
- EVENITY$85M—1.6%
- MVASI$84M—1.6%
- BLINCYTO$80M+27.0%1.5%
- AMJEVITA/AMGEVITA$71M—1.3%
Forward guidance
For the full year 2020, Amgen expects total revenues in the range of $25.0 billion to $25.6 billion and on a GAAP basis, EPS in the range of $10.85 to $11.65 and a tax rate in the range of 10.5% to 11.5%.
Tailwinds
- Total revenues in the range of $25.0 billion to $25.6 billion.
- Capital expenditures to be approximately $700 million.
- New Drug Application to expand is under review by the U.S. Food and Drug Administration
- strategic collaborations with leading diagnostic companies
- European Commission granted marketing authorization for EVENITY
Headwinds
- GAAP EPS in the range of $10.85 to $11.65
- Tax rate in the range of 10.5% to 11.5%.
- Competition from other products including biosimilars
- Difficulties or delays in manufacturing our products
- Global economic conditions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
+0.3%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+0.1%
Avg return
30 days after
53%
39 / 73 earnings
Positive
+12.2%
Q1 2024
Best reaction
-8.7%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -4.4% | -2.7% | |
| Q4 2025 | +3.0% | +11.0% | +9.1% | |
| Q3 2025 | +7.7% | +9.1% | +11.2% | |
| Q2 2025 | -5.1% | -5.0% | -5.5% | |
| Q1 2025 | -1.1% | -2.8% | +1.6% | |
| Q4 2024 | +6.5% | +2.0% | +12.4% | |
| Q3 2024 | +1.3% | +0.3% | -10.5% | |
| Q2 2024 | -3.9% | -0.8% | -0.3% | |
| Q1 2024 | +12.2% | +8.3% | +10.3% | |
| Q4 2023 | -8.1% | -9.6% | -15.3% | |
| Q3 2023 | -0.9% | +2.5% | +2.5% | |
| Q2 2023 | +5.6% | +13.2% | +11.4% | |
| Q1 2023 | +0.4% | -1.2% | -9.2% | |
| Q4 2022 | -2.1% | -2.6% | -6.7% | |
| Q3 2022 | +0.0% | +8.7% | +6.1% | |
| Q2 2022 | -0.4% | +0.5% | -1.9% | |
| Q1 2022 | -4.7% | -7.6% | +2.2% | |
| Q4 2021 | +8.5% | +2.7% | +4.2% | |
| Q3 2021 | +4.0% | +1.9% | -4.1% | |
| Q2 2021 | -4.8% | -4.0% | -5.8% | |
| Q1 2021 | -7.4% | -6.2% | -7.9% | |
| Q4 2020 | -1.4% | -1.7% | -7.7% | |
| Q3 2020 | -2.5% | -1.5% | +0.6% | |
| Q2 2020 | -1.9% | -3.5% | -0.3% | |
| Q1 2020 | -2.0% | +0.3% | -2.5% | |
| Q4 2019 | -4.9% | -2.4% | -12.1% | |
| Q3 2019 | +2.9% | +6.3% | +14.4% | |
| Q2 2019 | +6.0% | +6.3% | +17.5% | |
| Q1 2019 | -2.8% | -2.1% | -6.7% | |
| Q4 2018 | -3.7% | -2.5% | -1.0% | |
| Q3 2018 | +2.4% | -0.6% | +7.5% | |
| Q2 2018 | -0.3% | +1.8% | +1.9% | |
| Q1 2018 | +0.1% | +1.6% | +1.9% | |
| Q4 2017 | +0.5% | -5.1% | -0.5% | |
| Q3 2017 | -2.1% | -3.2% | -5.7% | |
| Q2 2017 | -2.9% | -3.6% | -6.1% | |
| Q1 2017 | -1.2% | -1.3% | -5.9% | |
| Q4 2016 | +4.9% | +4.5% | +12.9% | |
| Q3 2016 | -8.7% | -11.5% | -8.5% | |
| Q2 2016 | +2.2% | +3.9% | +2.6% | |
| Q1 2016 | -1.7% | — | — | |
| Q4 2015 | +1.5% | — | — | |
| Q3 2015 | -0.9% | — | — | |
| Q2 2015 | +3.0% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | -3.2% | — | — | |
| Q3 2014 | +6.7% | — | — | |
| Q2 2014 | +6.0% | — | — | |
| Q1 2014 | -3.2% | — | — | |
| Q4 2013 | +0.5% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | -7.5% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | +0.8% | — | — | |
| Q2 2012 | +7.6% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q3 2011 | +4.9% | — | — | |
| Q2 2011 | -3.0% | — | — | |
| Q1 2011 | -1.5% | — | — | |
| Q4 2007 | +0.7% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q3 2008 | +0.7% | — | — | |
| Q3 2010 | -0.9% | — | — | |
| Q2 2010 | -0.4% | — | — | |
| Q1 2009 | +1.5% | — | — | |
| Q1 2010 | +1.2% | — | — | |
| Q4 2009 | +0.5% | — | — | |
| Q3 2009 | +1.6% | — | — | |
| Q4 2008 | +3.8% | — | — | |
| Q2 2009 | +3.8% | — | — | |
| Q2 2008 | +3.8% | — | — |
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