Amgen Inc

AMGN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Amgen Earnings: Increasing Confidence in Cardiovascular Portfolio and Pipeline

Karen Andersen

Nov 5, 2025

Amgen reported 12% revenue growth driven by double-digit growth from 16 products, but higher operating expenses and a higher tax rate drove a smaller 1% increase to non-GAAP EPS. Management slightly raised 2025 top-line and bottom-line guidance.

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Amgen Inc

Amgen Earnings: Increasing Confidence in Cardiovascular Portfolio and Pipeline

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