AMGN · 8-K · 20260804PR000124

Operating Income and Margins

AMGEN INC · 2026-08-04 · Importance 64 · Surprise 56 · From source text

GAAP operating income increased from $2.656 billion to $3.514 billion, and GAAP operating margin rose 6.5 percentage points to 36.8% of product sales. Non-GAAP operating income increased from $4.293 billion to $4.612 billion, while non-GAAP operating margin declined 0.5 percentage points to 48.4%. The GAAP margin expansion primarily reflected lower acquisition-related amortization in cost of sales, while the non-GAAP margin decline reflected operating-expense growth exceeding product-sales growth.

Key facts

• For the second quarter, GAAP operating income increased from $2.7 billion to $3.5 billion. source
• GAAP earnings per share (EPS) increased 65% from $2.65 to $4.37 for the second quarter. source
• GAAP operating margin increased 6.5 percentage points to 36.8% for the second quarter. source
• Non-GAAP EPS increased 4% from $6.02 to $6.29 for the second quarter. source
• For the second quarter, non-GAAP operating income increased from $4.3 billion to $4.6 billion. source
• Non-GAAP operating margin decreased 0.5 percentage points to 48.4% for the second quarter. source

Impact estimates