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Incyte INCY Q1 2026 earnings

Reported April 28, 2026 · Before market open

Revenue$1.3BBeat by $56.7M
EPS$1.81Beat by $0.43
Revenue estimate$1.2B
EPS estimate$1.38

Next report

Oct 27, 2026 (in 2 months)
Revenue estimate$1.5B
EPS estimate-$2.83

Financials

Q1 2026

Income statement

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Revenue$1.3B+20.9%
Gross profit$1.2B+19.2%
Operating income$301.1M+46.8%
Net income$303.3M+91.7%
EPS (diluted)$1.47+83.7%

Balance sheet

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Cash & equivalents$3.5B+78.2%
Total debt$39.4M-8.6%
Total equity$5.6B+53.3%
Total assets$7.3B+27.7%

Cash flow

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Operating cash flow$369.4M+38.8%
CapEx$1.6M-43.5%
Free cash flow$367.7M+39.7%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$18.73B+59.9%
Enterprise value$15.31B+55.9%
P/E13.1×-538×
P/S3.5×+0.8×

Profitability

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Gross margin92.5%-0.2pp
Operating margin30%+26.1pp
Net margin26.7%+26.2pp
FCF margin28.2%+19.7pp

Returns & leverage

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Return on equity30.8%+30.4pp
Debt / equity0×0.0×
Current ratio3.7×+1.6×

Segments

By product

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JAKAFI$757.8M+6.8%
OPZELURA$143.0M+20.5%
JAKAVI Royalty Revenues$105.6M+14.6%
NIKTIMVO$55.1M+305%
MINJUVI/MONJUVI$49.2M+66.6%

By geography

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Europe$92.4M+34.7%
Other countries$8.8M+225%

By segment

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Reportable Segment$1.3B+20.9%

FAQ

When did Incyte report Q1 2026 earnings?
Incyte (INCY) reported Q1 2026 earnings on April 28, 2026 before market open.
What were Incyte's Q1 2026 revenue and EPS?
Incyte reported revenue of $1.3B and eps of $1.81 for Q1 2026.
Did Incyte beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.2B by $56.7M. EPS beat the consensus estimate of $1.38 by $0.43.
How did Incyte's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.9% from $1.1B a year earlier and eps grew 56.0% from $1.16.
Where can I find Incyte's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000879169-26-000023) and the 10-Q periodic report (0000879169-26-000026) directly on SEC EDGAR. The filing index links above go to sec.gov.