AMGEN INC

Amgen (AMGN) Stock

Large biotech company with established medicines and steady dividends. Here's the price, business snapshot, and what's worth knowing about Amgen in June 2026.

Amgen Inc (AMGN) is a large-cap biotechnology company specialising in human therapeutics, particularly biologic medicines. With a market capitalisation around $162 billion, Amgen generates revenue from established products across oncology, nephrology, inflammation and cardiovascular care, while investing heavily in a diverse R&D pipeline of biologics and novel therapies. The company benefits from recurring revenue from long-tenured biologics, a history of steady free cash flow and a shareholder-friendly dividend policy, but faces typical sector risks: clinical trial setbacks, biosimilar competition, pricing pressure and regulatory scrutiny. Investors should watch product patent expiries, pipeline readouts and any M&A activity. This summary is for educational purposes only and not personalised investment advice; suitability depends on an investor’s goals, timeframe and risk tolerance, and returns are not guaranteed.

Why It’s Moving

AMGEN INC

Analysts Trim AMGN Outlook as Obesity Drug Hype Meets Reality and New Safety Concerns

Amgen shares faced downward pressure after a major analyst downgraded the stock to 'Hold,' citing that investor enthusiasm for its obesity drug candidate is already priced in and that downside risks outweigh potential gains. The shift in sentiment was compounded by fresh FDA safety warnings regarding liver damage linked to a medication distributed by the company.
Sentiment:
🐻Bearish
  • Truist analyst Srikripa Devarakonda downgraded AMGN from 'Buy' to 'Hold,' arguing that the market has overestimated the near-term impact of the obesity drug minority and that current valuations reflect excessive optimism.
  • The FDA issued a caution in late March 2026 about serious liver injury risks, including vanishing bile duct syndrome, associated with Tavneos (avopan), a drug distributed by Amgen, adding a new layer of regulatory uncertainty for investors.
  • Sector-wide consensus among 30 to 35 analysts has shifted toward a 'Hold' rating as concerns mount over patent expirations, rising competition in the obesity drug market, and near-term revenue pressure despite solid first-quarter results.

When is the next earnings date for AMGEN INC (AMGN)?

Amgen’s next earnings date is August 4, 2026, according to the most consistent market estimates, with some sources allowing a window of early August. The report is expected to cover Q2 2026. Amgen has not officially confirmed the date yet, so the timing remains estimate-based rather than finalized.

Stock Performance Snapshot

Hold

Analyst Rating

Analysts suggest holding Amgen's stock with a target price of $308.11, indicating limited growth.

Above Average

Financial Health

Amgen is performing well with strong revenue and cash flow, reflecting solid financial health.

Average

Dividend

Amgen's average dividend yield of 2.72% offers a modest return for investors seeking dividends. If you invested $1000 you would be paid $27.20 a year in dividends (based on the last 12 months).

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

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Why You’ll Want to Watch This Stock

📈

Established Biologics Revenue

Amgen’s marketed biologics provide recurring sales and predictable cash flow, though revenue can be affected by patent loss and biosimilar entrants.

Pipeline & R&D Focus

A deep R&D pipeline drives long-term potential; positive trial results can re-rate the business, while failures can materially affect value.

🌍

Global Market Exposure

Amgen sells worldwide, benefiting from geographic diversification, but faces regional pricing and regulatory differences that can influence performance.

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