NASDAQ$INCY

Incyte Corp. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Incyte's Q1 2022 financial results were reported, highlighting a 20% year-over-year increase in total product and royalty revenues, driven by Jakafi, Pemazyre, and Opzelura.

Incyte reported a strong first quarter with a 20% increase in total product and royalty revenues, reaching $728 million. Jakafi's net product revenues grew by 17% to $544 million, and Opzelura saw a robust uptake with over 38,000 new patients treated. The company is progressing with its clinical development programs, including regulatory submissions for ruxolitinib cream and advancements in its MPN and GVHD portfolios.

  • Total product and royalty revenues increased by 20% year-over-year to $728 million.
  • Jakafi net product revenues grew by 17% year-over-year to $544 million.
  • Opzelura saw a robust uptake with over 38,000 new patients treated in the first quarter.
  • The company is on track for submission of the new drug application (NDA) for once-daily ruxolitinib.

Headline financials

Total Revenue

$733M

Previous: $605M+21.3%
EPS (adj)

$0.55

Previous: $0.67-17.9%
Free Cash Flow

$38M

Previous: $53.5M-29.0%
Net Income

$38M

Previous: $53.5M-29.0%
Operating Income

$117M

Previous: $98.8M+18.0%
Gross Profit

$691M

Previous: $575M+20.0%
Cash & Equivalents

$2.26B

Previous: $1.67B+35.1%
Total Assets

$5.05B

Previous: $3.66B+38.0%
Stock-Based Comp

$43.8M

Previous: $47.4M-7.4%

Revenue & EPS history

Incyte · Revenue · Quarterly

$733M

Q1 2022+21.3%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Incyte · $601M total across 4 segments · Q1 2022

  • Jakafi
    $544M
  • Iclusig
    $26.1M
  • Pemazyre
    $18M
  • Opzelura
    $12.8M

Forward guidance

Incyte has reaffirmed its full year 2022 financial guidance, which does not include revenue from Opzelura or the impact of any potential future strategic transactions.

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 Q1 2022

Historical avgQ1 2022

+0.3%

Avg return

Earnings day

-1.4%

Avg return

5 days after

+0.6%

Avg return

30 days after

50%

32 / 64 earnings

Positive

+18.2%

Q1 2012

Best reaction

-25.8%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%+1.2%+0.8%
Q4 2025-8.2%-7.3%-15.6%
Q3 2025-1.6%+0.4%+13.5%
Q1 2025+1.5%+5.1%+11.0%
Q4 2024-7.9%-5.0%-8.6%
Q3 2024+12.5%+15.9%+14.9%
Q2 2024-5.1%-6.0%-3.9%
Q1 2024+0.7%+2.3%+9.0%
Q4 2023+0.1%+0.2%+1.2%
Q3 2023+4.2%+5.2%+4.2%
Q2 2023+3.1%-0.1%+1.3%
Q1 2023-9.7%-11.7%-18.4%
Q4 2022-4.6%-6.0%-13.6%
Q3 2022+3.8%+4.0%+8.5%
Q2 2022-6.3%-6.8%-7.8%
Q1 2022+6.1%-1.1%-1.9%
Q4 2021-6.9%-9.0%+0.2%
Q3 2021-3.7%-2.1%-3.9%
Q2 2021-1.4%-2.8%-1.6%
Q1 2021-5.0%-3.3%-3.1%
Q4 2020-9.0%-9.9%-15.1%
Q3 2020-8.8%-8.9%-8.8%
Q2 2020-4.1%-4.8%-10.0%
Q1 2020-4.9%-5.0%-7.1%
Q4 2019+3.5%+4.6%-2.6%
Q3 2019+4.8%+4.7%+17.9%
Q2 2019+5.8%+4.0%+2.7%
Q1 2019+6.1%+11.7%+5.9%
Q4 2018+3.8%+3.7%+4.6%
Q3 2018+2.4%+6.5%+2.3%
Q2 2018-4.4%-8.1%+7.4%
Q1 2018-1.4%+0.3%+10.2%
Q4 2017-2.4%-3.0%+2.1%
Q3 2017-5.5%-8.0%-13.3%
Q2 2017-5.7%-3.4%+3.1%
Q1 2017-0.6%-2.8%+6.7%
Q4 2016-0.2%-0.5%+22.5%
Q3 2016+0.2%+0.7%+14.9%
Q2 2016-5.2%-7.9%-7.4%
Q1 2016+4.0%
Q4 2015-5.5%
Q3 2015-2.9%
Q2 2015+6.7%
Q1 2015-3.3%
Q4 2014-0.0%
Q3 2014+15.9%
Q2 2014-4.9%
Q1 2014+6.3%
Q4 2013+0.2%
Q3 2013+4.7%
Q2 2013+14.7%
Q1 2013+3.3%
Q4 2012+18.0%
Q3 2012+6.8%
Q2 2012-25.8%
Q1 2012+18.2%
Q4 2011+1.7%
Q3 2010+0.9%
Q3 2011+0.9%
Q2 2010+0.0%
Q2 2011+0.0%
Q4 2010+6.0%
Q1 2010+6.0%
Q1 2011+6.0%

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