earnings
confidence high
sentiment neutral
materiality 0.75
Amgen Q4 2023 revenue $8.2B (+20% YoY); Non-GAAP EPS $4.71 (+15% YoY)
AMGEN INC
2023-FY EPS reported
$12.49
revenue$28,190,000,000
- Fourth quarter total revenue $8.2B, up 20% YoY; product sales grew 20% driven by 23% volume growth.
- GAAP EPS $1.42, down 53% YoY due to acquisition-related expenses and Horizon costs.
- Non-GAAP EPS $4.71, up 15% YoY; full year non-GAAP EPS $18.65, up 5%.
- Horizon contributed $954M in product sales Oct 6-Dec 31; nine brands record sales in quarter.
- Full year free cash flow $7.4B, down from $8.8B in 2022 due to Horizon expenses and repatriation taxes.