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Did Amgen’s Raised 2026 Outlook and AI-Focused Overhaul Just Shift AMGN’s Investment Narrative?
Amgen reported strong first-quarter 2026 results, exceeding revenue and net income expectations, and raised its full-year 2026 revenue guidance to US$37.1 billion to US$38.5 billion. This positive outlook is driven by 9% volume growth and significant double-digit sales increases across 16 brands, reinforcing the company’s volume-led growth strategy. The company also announced a strategic shift towards emphasizing artificial intelligence and data in its future operations, further solidifying its investment narrative despite ongoing pricing pressure and biosimilar competition.