What is Amgen's capex?

Amgen (AMGN) reported capex of $712M in Q1 2026.

How has Amgen's capex changed year-over-year?

Amgen's capex increased by 73.2% year-over-year, from $411M to $712M.

What is the long-term trend for Amgen's capex?

Over 4 years (2021 to 2025), Amgen's capex has grown at a 20.5% compound annual growth rate (CAGR), from $880M to $1.86B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Amgen AMGN CapEx

CapEx at other companies

Eli LillyLLY

$2.33B+54.0%

PfizerPFE

$436M-22.7%

Regeneron PharmaceuticalsREGN

$230.6M+0.6%

Nektar TherapeuticsNKTR

$18K+800%

Oruka Therapeutics, Inc.ORKA

$73K+462%

Jazz PharmaceuticalsJAZZ

$19.7M+41.7%

Other financials

Income statement

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Revenue$8.6B+5.8%

Gross profit$5.9B+13.4%

Operating income$2.7B+126%

Net income$1.8B+5.1%

EPS (diluted)$3.34+4.4%

Balance sheet

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Cash & equivalents$559.0M+10.0%

Total debt$57.3B-0.1%

Total equity$9.2B+48.1%

Total assets$92.5B+3.5%

Cash flow

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Operating cash flow$2.2B+57.4%

Free cash flow$1.5B+50.7%

Valuation

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Market cap$190.42B+22.4%

Enterprise value$247.18B+16.4%

P/E24.4×-1.8×

P/S5.1×+0.6×

Profitability

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Gross margin68.3%+5.3pp

Operating margin28.4%+6.6pp

Net margin21%+3.6pp

FCF margin23.1%-8.9pp

Returns & leverage

See full

Return on equity101.3%-4.4pp

Debt / equity6.2×-3.0×

Current ratio1.3×+0.1×

Where this comes from

Reported directly by Amgen in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Amgen’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amgen's capex?: Amgen (AMGN) reported capex of $712M in Q1 2026.
How has Amgen's capex changed year-over-year?: Amgen's capex increased by 73.2% year-over-year, from $411M to $712M.
What is the long-term trend for Amgen's capex?: Over 4 years (2021 to 2025), Amgen's capex has grown at a 20.5% compound annual growth rate (CAGR), from $880M to $1.86B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.