Amgen Business Segments — R&D decreased by 9.5% to $1.72B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 15.7%, from $1.49B to $1.72B.
Higher spending is necessary for long-term growth, but excessive spending without clinical success can hurt short-term profitability.
Captures the investment in discovery, clinical trials, and regulatory processes required to bring new therapeutic candid...
Standard 'R&D' expense reported by all pharmaceutical and biotech companies.
amgn_segment_reportable_segment_research_and_development| Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|
| Value | $1.34B | $1.45B | $1.45B | $1.49B | $1.74B | $1.90B | $1.72B |
| QoQ Change | — | +7.7% | +0.2% | +2.5% | +17.4% | +8.9% | -9.5% |
| YoY Change | — | — | — | +10.6% | +20.5% | +31.0% | +15.7% |