NASDAQ$INCY

Incyte Corp. · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Incyte reported Q1 2025 total revenues of $1.05B with net income of $158M and diluted EPS of $0.80.

Total revenues were $1.05 billion for the quarter ended March 31, 2025, led by Jakafi and oncology product sales. Net income was $158 million ($0.80 diluted EPS). Pipeline milestones and royalty streams from partnered assets support the growth narrative.

  • Q1 total revenues $1.05B; product revenue growth YoY.
  • Net income $158M; diluted EPS $0.80.
  • Jakafi and Opzelura demand remain core drivers.
  • Clinical trial timing and competitive dynamics affect outlook.

Headline financials

Total Revenue

$1.05B

Previous: $881M+19.5%
EPS (adj)

$0.80

Previous: $0.75+6.7%
GAAP Operating Income

$205M

Previous: $91.9M+123.3%
Non-GAAP Operating Income

$284M

Previous: $161M+76.0%
GAAP Net Income

$158M

Previous: $170M-6.7%
Non-GAAP Net Income

$229M

Previous: $133M+72.9%
Capital Expenditures

-$48.7M

No prior period
Net Income

$158M

Previous: $170M-6.7%
Operating Income

$205M

Previous: $91.9M+123.3%

Revenue & EPS history

Incyte · Revenue · Quarterly

$1.05B

Q1 2025+19.5%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Incyte · $775M total across 5 segments · Q3 2023

  • Jakafi
    $636M+2.7%
  • Opzelura
    $91.8M+140.8%
  • Iclusig
    $27.7M+6.9%
  • Pemazyre
    $18.9M-19.1%
  • Zynyz
    $98

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

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 2025

Historical avgQ1 2025

+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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