Solid 2nd-quarter for Amgen beats expectations

6 August 2025

US biotech major Amgen (Nasdaq: AMGN) announced financial results for the second quarter of 2025 after market closed on Tuesday, with earnings above expectations for the fourth time in a row, while also posting a revenue beat, helped by strong demand for its products.

For the second quarter, total revenues increased 9% to $9.2 billion in comparison to the second quarter of 2024. Product sales grew 9%, driven by 13% volume growth, partia1lly offset by 3% lower net selling price.

Earnings per share on non-generally accepted accounting principles (GAAP) basis increased 21% from $4.97 to $6.02, primarily driven by higher revenues, partially offset by higher operating expenses. This was 14% above consensus of $5.28.

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