What is Amgen's change in inventories?

Amgen (AMGN) reported change in inventories of -$18M in Q1 2026.

How has Amgen's change in inventories changed year-over-year?

Amgen's change in inventories increased by 93.8% year-over-year, from -$288M to -$18M.

What is the long-term trend for Amgen's change in inventories?

Over 3 years (2022 to 2025), Amgen's change in inventories has grown at a 6.1% compound annual growth rate (CAGR), from $742M to -$886M.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Amgen AMGN Change in Inventories

Change in Inventories at other companies

Eli LillyLLY

$1.17B+86.3%

PfizerPFE

-$140.25M-166%

Regeneron PharmaceuticalsREGN

-$26.6M-117%

Rigel PharmaceuticalsRIGL

$581K+141%

Jazz PharmaceuticalsJAZZ

$77.8M+119%

AbbVieABBV

$184M+18.7%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$2.2B+57.4%

CapEx$712.0M+73.2%

Free cash flow$1.5B+50.7%

Valuation

See full

Market cap$195.44B+30.2%

Enterprise value$252.2B+22.6%

P/E25.1×+2.4×

P/S5.3×+1.0×

Profitability

See full

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:IncreaseDecreaseInInventories.

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

Ask your AI about Amgen's change in inventories.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Amgen's change in inventories?: Amgen (AMGN) reported change in inventories of -$18M in Q1 2026.
How has Amgen's change in inventories changed year-over-year?: Amgen's change in inventories increased by 93.8% year-over-year, from -$288M to -$18M.
What is the long-term trend for Amgen's change in inventories?: Over 3 years (2022 to 2025), Amgen's change in inventories has grown at a 6.1% compound annual growth rate (CAGR), from $742M to -$886M.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.