AbbVie Tops Estimates at $17.4 Billion Revenue as Immunology Sales Rise 16%
AbbVie raised its 2026 adjusted EPS guidance to $13.95 - $13.99 and announced a 5.2 percent dividend increase.
Key points
- Revenue $17.404 billion vs. $17.35 billion analyst estimate, a beat
- Adjusted EPS $3.82 vs. $3.77 consensus; GAAP EPS $2.37
- Full-year adjusted EPS guidance raised to $13.95 - $13.99
- Quarterly dividend raised 5.2 percent to $1.82 per share
AbbVie (NYSE: ABBV) reported third-quarter revenue of $17.404 billion, above the $17.35 billion analysts expected, and adjusted diluted EPS of $3.82 against the $3.77 consensus estimate, in an 8-K filed Friday.
On a GAAP basis, diluted EPS was $2.37, compared with $0.10 a year earlier. Worldwide net revenues rose 10.3 percent on a reported basis from $15.776 billion a year earlier.
Immunology and Neuroscience Lead Growth
Global immunology net revenues were $9.165 billion, up 16.3 percent. Skyrizi reached $5.776 billion and Rinvoq $2.706 billion, while Humira fell to $683 million.
Global neuroscience net revenues were $3.389 billion, an increase of 19.4 percent. Botox Therapeutic generated $1.080 billion, Vraylar $1.068 billion and Qulipta $398 million.
Oncology revenues were $1.696 billion, up 0.8 percent, while aesthetics revenues were $1.176 billion, down 1.4 percent.
Raised Guidance and Dividend
AbbVie raised its full-year 2026 adjusted diluted EPS guidance to $13.95 - $13.99 from $13.76 - $13.96. The company said the range includes an unfavorable impact of $0.69 per share from acquired IPR&D and milestones expense incurred through the third quarter. Analysts expected full-year adjusted EPS of $13.95.
The board declared a quarterly dividend of $1.82 per share, up from $1.73, payable in February 2027.
Apogee Acquisition and Pipeline
AbbVie said it completed its acquisition of Apogee Therapeutics, and the company's third-quarter results included acquisition and integration costs of $408 million pre-tax. The company also reported FDA approval of Skyrizi for subcutaneous induction in Crohn's disease and of Juvmo (tavapadon) for Parkinson's disease.
The company's stock last closed at $290.79 on Oct. 29, 2026.
Sources
Written with AI from the company's results filing with the SEC, analysts' estimates where we had them, and our market data, and checked against those sources before publishing. Our editorial standards.
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