Amgen (AMGN) Change in Inventory (2009 - 2026)
Amgen's Change in Inventory came in at $31 million for Q2 2026, compared with -$239 million a year earlier.
Powered by 
Analysis
Amgen (AMGN) Change in Inventory (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Amgen reported Change in Inventory of -$346 million; for FY2025, it was -$886 million.
- Going back by year, Change in Inventory was -$2.53 billion in FY2024, -$491 million in FY2023, $742 million in FY2022 (+349.7%) and $165 million in FY2021 (-23.3%).
- The Q2 2026 figure represents the highest quarterly Change in Inventory since Q3 2023.
- Business Quant data shows AMGN's Change in Inventory at -$18 million (Q1 2026), -$119 million (Q4 2025) and -$240 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 571.00 Mn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 143.00 Mn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | - |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | - |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | - |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 31.00 Mn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 145.00 Mn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | - |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 27.70 Mn |
| 10 | Bristol Myers Squibb | 127.55 Bn | 78.82 Bn | 9.25 Bn | 36.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.00 Mn |
| Mar 31, 2026 | -18.00 Mn |
| Dec 31, 2025 | -119.00 Mn |
| Sep 30, 2025 | -240.00 Mn |
| Jun 30, 2025 | -239.00 Mn |
| Mar 31, 2025 | -288.00 Mn |
| Dec 31, 2024 | -323.00 Mn |
| Sep 30, 2024 | -681.00 Mn |
| Jun 30, 2024 | -722.00 Mn |
| Mar 31, 2024 | -806.00 Mn |
| Dec 31, 2023 | -573.00 Mn |
| Sep 30, 2023 | 54.00 Mn |
| Jun 30, 2023 | -30.00 Mn |
| Mar 31, 2023 | 58.00 Mn |
| Dec 31, 2022 | 91.00 Mn |
| Sep 30, 2022 | 241.00 Mn |
| Jun 30, 2022 | 180.00 Mn |
| Mar 31, 2022 | 230.00 Mn |
| Dec 31, 2021 | -50.00 Mn |
| Sep 30, 2021 | 48.00 Mn |
API Access
Amgen Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=AMGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "AMGN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=AMGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();