What is Amgen's inventories?

Amgen (AMGN) reported inventories of $6.19B in Q1 2026.

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

Amgen's inventories decreased by 8.1% year-over-year, from $6.73B to $6.19B.

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

Over 5 years (2020 to 2025), Amgen's inventories has grown at a 9.8% compound annual growth rate (CAGR), from $3.89B to $6.23B.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Amgen AMGN Inventories

Inventories at other companies

Eli LillyLLY

$14.49B+56.1%

PfizerPFE

$2.46B-11.9%

Regeneron PharmaceuticalsREGN

$3.08B-3.8%

Rigel PharmaceuticalsRIGL

$11.65M+150%

Jazz PharmaceuticalsJAZZ

$437.5M-11.2%

AbbVieABBV

$5.05B+11.6%

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%

CapEx$712.0M+73.2%

Free cash flow$1.5B+50.7%

Valuation

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Market cap$212.16B+30.0%

Enterprise value$268.92B+22.9%

P/E27.2×+2.5×

P/S5.7×+1.0×

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

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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:InventoryNet.

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 inventories?: Amgen (AMGN) reported inventories of $6.19B in Q1 2026.
How has Amgen's inventories changed year-over-year?: Amgen's inventories decreased by 8.1% year-over-year, from $6.73B to $6.19B.
What is the long-term trend for Amgen's inventories?: Over 5 years (2020 to 2025), Amgen's inventories has grown at a 9.8% compound annual growth rate (CAGR), from $3.89B to $6.23B.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.