MRKMerck & Co Inc
Earnings Recap
• Reported GAAP EPS of $1.19 down -19.59% YoY • Reported revenue of $16.4B up 4.97% YoY • Merck & Co. anticipates full-year 2026 sales to be between $65.5 billion and $67.0 billion. Merck & Co. expects Non-GAAP EPS to be between $5.00 and $5.15, including a $3.65 per share charge for the Cidara acquisition.
Bullish
Merck & Co. saw strong 7% KEYTRUDA sales growth driven by global uptake in oncology, achieved significant regulatory approvals for KEYTRUDA, and augmented its pipeline through strategic acquisitions like Cidara Therapeutics, enhancing its diverse portfolio.
Bearish
Merck & Co. experienced a 34% decline in GARDASIL/GARDASIL 9 sales due to lower international demand, alongside a gross margin compression to 66.2% from 75.5%, and increased other expenses driven by higher net interest and foreign exchange losses.