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Amgen AMGN Business Segments — R&D

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Other financials

Income statement

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Revenue$10.1B+9.5%
Gross profit$7.2B+17.4%
Operating income$3.5B+32.3%
Net income$2.4B+65.9%
EPS (diluted)$4.37+64.9%

Balance sheet

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Cash & equivalents$574.0M+5.9%
Total debt$57.3B+2.0%
Total equity$11.7B+57.4%
Total assets$95.6B+8.8%

Cash flow

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Operating cash flow$4.0B+75.5%
CapEx$513.0M+39.0%
Free cash flow$3.5B+82.6%

Valuation

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Market cap$220.64B+44.0%
Enterprise value$277.37B+32.8%
P/E25.2×+2.1×
P/S5.8×+1.4×

Profitability

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Gross margin69.5%+5.0pp
Operating margin30%+6.5pp
Net margin23%+4.0pp
FCF margin26.7%-3.7pp

Returns & leverage

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Return on equity91.5%-7.7pp
Debt / equity4.9×-2.7×
Current ratio1.4×+0.1×

Where this comes from

Reported directly by Amgen in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost.

The source filing: Amgen’s 10-Q, filed August 5, 2026.

Filed
Aug 4, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000318154-26-000126
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Less:
Manufacturing cost of sales(1)(2)2,1392,4844,3195,012
Profit share and royalties in cost of sales(1)6725271,236967
Research and development(1)1,8681,7443,5873,230
Sales and marketing(1)1,1551,1372,2892,203
General and administrative(1)5905541,0581,175
Other segment items(3)314557227(5)
Interest income(125)(86)(226)(212)

Item 1. FINANCIAL STATEMENTS

FAQ

What is Amgen's business segments — R&D?
Amgen (AMGN) reported business segments — R&D of $1.87B in Q2 2026.
How has Amgen's business segments — R&D changed year-over-year?
Amgen's business segments — R&D increased by 7.1% year-over-year, from $1.74B to $1.87B.
What does business segments — R&D mean?
Captures the investment in discovery, clinical trials, and regulatory processes required to bring new therapeutic candidates to market. This is the primary driver of long-term growth and pipeline viability for a biotechnology company. It reflects the company's commitment to innovation and future revenue streams.

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