NASDAQ$INCY

Incyte Corp. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Incyte reported strong revenue growth, driven by Jakafi demand and the launches of Monjuvi and Pemazyre, while also achieving positive results across multiple late-stage programs.

Incyte reported its 2020 fourth quarter and year-end financial results, highlighting strong revenue growth driven by Jakafi and the launches of Monjuvi and Pemazyre. The company also provided 2021 financial guidance and updates on key clinical programs, anticipating regulatory decisions on seven applications and a potential U.S. launch of ruxolitinib cream.

  • Revenue growth was strong, driven by demand for Jakafi.
  • Monjuvi and Pemazyre launches continue to gain momentum.
  • Positive results were announced across multiple late-stage programs.
  • Seven applications are seeking approval in 2021.

Headline financials

Total Revenue

$790M

Previous: $579M+36.3%
EPS (adj)

$0.93

Previous: $0.65+43.1%
Net Income

$150M

Previous: $111M+35.0%
Operating Income

$164M

Previous: $95M+72.9%
Gross Profit

$753M

Previous: $547M+37.7%
Cash & Equivalents

$1.8B

Previous: $2.1B-14.3%
Total Assets

$3.56B

Previous: $3.43B+3.9%
Stock-Based Comp

$45.3M

Previous: $42M+7.7%

Revenue & EPS history

Incyte · Revenue · Quarterly

$790M

Q4 2020+36.3%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
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

Incyte provided its 2021 financial guidance, which includes net product revenue guidance for Jakafi and other Hematology/Oncology products. The guidance does not include revenue from potential new product launches but includes costs to support the potential launches of ruxolitinib cream, pemigatinib, and tafasitamab.

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 2020

Historical avgQ4 2020

+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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