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

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

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

Amgen (AMGN) has reported Change in Inventory for 18 consecutive years, with -$18.0 million the latest figure, recorded in 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 came in at -$18.0 million for Q1 2026 at Amgen, up from -$119.0 million in the prior quarter.
  • The five-year high for Change in Inventory was $241.0 million in Q3 2022, with the low at -$806.0 million in Q1 2024.
  • Average Change in Inventory over 5 years is -$187.4 million, with a median of -$119.0 million recorded in 2025.
  • Across the five-year window, Change in Inventory surged 402.08% in 2022 and tumbled 2306.67% in 2024, its largest moves.
  • Year by year, Change in Inventory stood at $91.0 million in 2022, then tumbled 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.
  • According to Business Quant data, Change in Inventory over the past three periods registered -$18.0 million, -$119.0 million, and -$240.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn -
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 431.00 Mn
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn 184.00 Mn
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn -
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn -
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn -18.00 Mn
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 52.00 Mn
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn -
9 Novartis Ag 113.45 Bn 113.67 Bn - -
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn -116.20 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