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Big Cidara charge drives Merck (NYSE: MRK) Q1 net loss despite sales growth
Merck & Co., Inc. (NYSE: MRK) reported a Q1 2026 net loss of $4.240 billion, or $1.72 per diluted share, despite a 5% increase in sales to $16.286 billion. This loss was primarily due to a substantial $9.0 billion non-cash charge related to the acquisition of Cidara Therapeutics. The company’s oncology products, particularly KEYTRUDA, and Animal Health segment showed strong growth, while vaccines and diabetes franchises experienced declines.