When did Incyte report Q2 2025 earnings?

Incyte (INCY) reported Q2 2025 earnings on July 29, 2025 before market open.

What were Incyte's Q2 2025 revenue and EPS?

Incyte reported revenue of $1.2B and diluted EPS of $1.57 for Q2 2025.

Did Incyte beat estimates in Q2 2025?

Revenue missed the consensus estimate of $1.3B by $41.3M. EPS beat the consensus estimate of $1.39 by $0.18.

How did Incyte's Q2 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 16.5% from $1.0B a year earlier.

Where can I find Incyte's Q2 2025 SEC filings?

You can read the 10-Q periodic report (0000879169-25-000103) directly on SEC EDGAR. The filing index links above go to sec.gov.

Incyte INCY Q2 2025 earnings

Reported July 29, 2025 · Before market open

Revenue$1.2BMiss by $41.3M Diluted EPS$1.57Beat by $0.18

Revenue estimate$1.3B

EPS estimate$1.39

Next report

Jul 28, 2026 (In 2 weeks)

Revenue estimate$1.4B

EPS estimate$1.97

Financials

Q2 2025

Income statement

See full

Revenue$1.2B+16.5%

Gross profit$1.1B+17.5%

Operating income$530.3M+211%

Net income$405.0M+191%

EPS (diluted)$2.04+200%

Balance sheet

See full

Cash & equivalents$2.0B+97.9%

Total debt$42.4M+12.9%

Total equity$4.2B+39.2%

Total assets$5.8B+24.9%

Cash flow

See full

Operating cash flow$44.7M+108%

CapEx$1.2M+177%

Free cash flow$43.6M+108%

Valuation & ratios

Valuation

as of 06/30/25

See full

Market cap$13.36B-1.8%

Enterprise value$11.44B-9.6%

P/E15.3×-125×

P/S2.9×-0.6×

Profitability

See full

Gross margin92.9%-0.2pp

Operating margin25.8%+25.4pp

Net margin19%+16.5pp

FCF margin21.7%+20.3pp

Returns & leverage

See full

Return on equity24.3%+21.8pp

Debt / equity0×0.0×

Current ratio2.8×+0.9×

Segments

By product

See full

JAKAFI$763.8M+8.2%

OPZELURA$164.5M+35.2%

JAKAVI Royalty Revenues$109.7M+10.5%

NIKTIMVO$36.2M—

OLUMIANT Royalty Revenues$33.5M—

By geography

See full

Europe$78.8M+47.1%

Other countries$4.4M+280%

By segment

See full

Reportable Segment$1.2B+16.5%

Versus estimates

Revenue

Q1 2026$1.3BBeat by $56.7M Q4 2025$1.5BBeat by $152.0M Q3 2025$1.4BBeat by $11.7M

Q2 2025$1.2BMiss by $41.3M

Q1 2025$1.1BMiss by $100.1M Q4 2024$1.2BBeat by $173.8M

Diluted EPS

Q1 2026$1.81Beat by $0.43 Q4 2025$1.80Miss by $0.10 Q3 2025$2.26Beat by $0.60

Q2 2025$1.57Beat by $0.18

Q1 2025$1.16Beat by $0.15 Q4 2024$1.43Miss by $0.14

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Questions, answered.

When did Incyte report Q2 2025 earnings?: Incyte (INCY) reported Q2 2025 earnings on July 29, 2025 before market open.
What were Incyte's Q2 2025 revenue and EPS?: Incyte reported revenue of $1.2B and diluted EPS of $1.57 for Q2 2025.
Did Incyte beat estimates in Q2 2025?: Revenue missed the consensus estimate of $1.3B by $41.3M. EPS beat the consensus estimate of $1.39 by $0.18.
How did Incyte's Q2 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 16.5% from $1.0B a year earlier.
Where can I find Incyte's Q2 2025 SEC filings?: You can read the 10-Q periodic report (0000879169-25-000103) directly on SEC EDGAR. The filing index links above go to sec.gov.