Bristol Myers raises guidance as Q2 results beat forecasts

31 July 2025

Bristol Myers Squibb (NYSE: BMY) has posted better-than-expected second-quarter 2025 results, driven by strong sales of its blood thinner Eliquis (apixaban) and cancer treatments Opdivo (nivolumab) and Revlimid (lenalidomide).

Revenue rose 1% year-on-year to $12.3 billion, while non-GAAP earnings per share were $1.46, down 29%. GAAP earnings per share fell 22% to $0.64.

Shares of the drugmaker rose over 3% in early trading after the results. Bristol Myers lifted its 2025 revenue forecast to $46.5 billion to $47.5 billion from $45.8 billion to $46.8 billion and now expects non-generally accepted accounting principle (GAAP) earnings of $6.35 to $6.65 a share for the year.

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