NASDAQ$INCY

Incyte Corp. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Incyte's Q2 2022 financial results were reported, with total revenues up 29% year-over-year and multiple approvals received.

Incyte reported strong second-quarter results with total revenues increasing by 29% year-over-year to $911 million. The company highlighted multiple approvals and continued advancement of its pipeline, including the launch of Opzelura in atopic dermatitis and its approval for nonsegmental vitiligo.

  • Total revenues increased 29% year-over-year to $911 million.
  • Jakafi net product revenues reached $598 million, a 13% increase year-over-year.
  • Opzelura was approved for repigmentation of nonsegmental vitiligo and its launch in atopic dermatitis is progressing well.
  • Olumiant and Jakavi received multiple approvals for alopecia areata and graft-versus-host disease, respectively.

Headline financials

Total Revenue

$911M

Previous: $706M+29.1%
EPS (adj)

$1.01

Previous: $0.80+26.2%
Free Cash Flow

$161M

Previous: $149M+8.0%
Net Income

$161M

Previous: $149M+8.0%
Operating Income

$254M

Previous: $141M+80.7%
Gross Profit

$861M

Previous: $668M+28.9%
Cash & Equivalents

$2.44B

Previous: $1.8B+35.5%
Total Assets

$5.32B

Previous: $3.9B+36.2%
Stock-Based Comp

$46.5M

Previous: $44.7M+3.9%

Revenue & EPS history

Incyte · Revenue · Quarterly

$911M

Q2 2022+29.1%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Incyte · $659M total across 4 segments · Q2 2022

  • Jakafi
    $598M+13.0%
  • Iclusig
    $26.2M-7.0%
  • Pemazyre
    $19M+6.0%
  • Opzelura
    $16.6M

Forward guidance

Incyte is tightening its full year 2022 guidance for Jakafi net product revenues as a result of our strong second quarter performance.

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 Q2 2022

Historical avgQ2 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro