Amgen (AMGN) Change in Inventory (2009 - 2026)

Amgen (AMGN) recorded quarterly Change in Inventory of -$18.0 million in Q1 2026, up 84.87% quarter-over-quarter from -$119.0 million in Q4 2025, and up 93.75% on a YoY basis from -$9.3 million in Q1 2025.

Amgen (AMGN) Change in Inventory (2009 - 2026) Analysis & Trends

Amgen's Change in Inventory history runs 18 years deep, the most recent figure standing at -$18.0 million for Q1 2026.

  • In Q1 2026, Change in Inventory rose 93.75% year-over-year to -$18.0 million; the TTM figure through Mar 2026 stood at -$616.0 million (up 69.41% YoY), while the FY2025 annual figure was -$886.0 million, up 65.01% from the prior year.
  • Change in Inventory was -$18.0 million for Q1 2026 at Amgen, up from -$119.0 million in the prior quarter.
  • In the past five years, Change in Inventory ranged from a high of $241.0 million in Q3 2022 to a low of -$806.0 million in Q1 2024.
  • Historically, Change in Inventory has averaged -$187.4 million across 5 years, with a median of -$119.0 million in 2025.
  • The sharpest annual moves came in 2022 and 2024: Change in Inventory surged 402.08% in 2022, then slumped 2306.67% in 2024.
  • A 5-year view of Change in Inventory shows it stood at $91.0 million in 2022, then slumped by 729.67% to -$573.0 million in 2023, then soared by 43.63% to -$323.0 million in 2024, then jumped by 63.16% to -$119.0 million in 2025, then soared by 84.87% to -$18.0 million in 2026.
  • The last three Change in Inventory figures came in at -$18.0 million (Q1 2026), -$119.0 million (Q4 2025), and -$240.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Gsk 92,316,836.42 Bn 92,316,831.46 Bn 7.76 Bn -
2 Eli Lilly 983.57 Bn 978.29 Bn 16.22 Bn -
3 Johnson & Johnson 553.56 Bn 531.50 Bn 15.96 Bn 431.00 Mn
4 AbbVie 383.35 Bn 374.00 Bn 10.78 Bn 184.00 Mn
5 Merck 281.71 Bn 276.06 Bn 12.09 Bn -
6 Amgen 182.20 Bn 170.16 Bn 5.87 Bn -18.00 Mn
7 Gilead Sciences 153.71 Bn 145.98 Bn 5.52 Bn 52.00 Mn
8 Pfizer 143.75 Bn 130.98 Bn -1.21 Bn -
9 Bristol Myers Squibb 109.71 Bn 99.25 Bn 8.07 Bn -14.00 Mn
10 Novartis Ag 108.28 Bn 107.60 Bn - -95.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -18.00 Mn
Mar 31, 2026 -18.00 Mn
Dec 31, 2025 -119.00 Mn
Dec 31, 2025 -119.00 Mn
Sep 30, 2025 -240.00 Mn
Sep 30, 2025 -240.00 Mn
Jun 30, 2025 -239.00 Mn
Jun 30, 2025 -239.00 Mn
Mar 31, 2025 -288.00 Mn
Mar 31, 2025 -288.00 Mn
Dec 31, 2024 -323.00 Mn
Dec 31, 2024 -323.00 Mn
Sep 30, 2024 -681.00 Mn
Sep 30, 2024 -681.00 Mn
Jun 30, 2024 -722.00 Mn
Jun 30, 2024 -722.00 Mn
Mar 31, 2024 -806.00 Mn
Mar 31, 2024 -806.00 Mn
Dec 31, 2023 -573.00 Mn
Dec 31, 2023 -573.00 Mn