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Earnings analysis · 10-Q

AMRX earnings analysis

Filed May 7, 2026 · Our reading of the company's report

The latest report

Amneal Pharmaceuticals reported Q1 2026 earnings with a revenue of $722.5 million and an EPS of $0.19, both exceeding analyst expectations. The results show a 3.9% revenue growth year-over-year, driven by gains in the…

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Amneal Pharmaceuticals reported Q1 2026 earnings with a revenue of $722.5 million and an EPS of $0.19, both exceeding analyst expectations. The results show a 3.9% revenue growth year-over-year, driven by gains in the Specialty segment, although one segment saw a revenue decline. Guidance for FY 2026 remains optimistic with anticipated revenue between $3.05 billion and $3.15 billion and adjusted EPS of $0.95 to $1.05.

Read the original on SEC.gov

Gross and operating margin

How much of each revenue dollar the business keeps.

44% Gross margin Operating margin Nov 2022 May 2026

One point per quarterly or annual filing. Both margins are shares of that report's revenue.

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $55 Operating expenses $25 Left as operating profit $20

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish Nov 2022 May 2026

Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.

Reported figures

Earnings per share
$0.19
Segment
Affordable Medicines
Segment
Specialty
Segment
AvKARE

What stood out

  • Revenue Increased Year-Over-Year

    Net revenue for Q1 2026 was $722.5 million, up 3.9% from $695.4 million in Q1 2025.

  • Strong EPS Performance

    Reported EPS of $0.19, exceeding the estimate of $0.17.

  • Specialty Segment Growth

    Specialty revenue rose 23.1% to $133.3 million, largely due to increased sales of CREXONT® and BREKIYA®.

  • Reduced Cost of Goods Sold

    Cost of goods sold decreased 8.4% year-over-year, contributing to a gross margin increase to 44.3%.

  • Affirmed FY 2026 Guidance

    Maintains revenue guidance of $3.05B to $3.15B and EPS guidance of $0.95 to $1.05.

What to watch

  • Pending Acquisition of Kashiv

    The acquisition may not be completed on schedule or at all, potentially impacting future growth.

  • Increased Litigation Costs

    $35.9 million paid in litigation settlements related to the Nationwide Opioids Settlement Agreement in Q1 2026.

  • Foreign Trade Tariffs Risks

    Changes in trade policies and tariffs may increase costs or disrupt supply chains.

Management's outlook

Affirmed previously announced increased guidance for FY 2026.

Earlier filings 4

10-K · February 27, 2026

Amneal reported fiscal 2025 revenue of approximately $3.019 billion (quarters summed) with Q4 revenue of $814.3M (vs. est. $810.7M) and continued margin stability (gross ~36.9%). The company is executing a strategy…

10-Q · November 6, 2025

Amneal reported quarterly revenue of $784,513,000 (up $82,045,000 vs. $702,468,000 a year ago) with gross profit of $273,974,000 but compressed gross margin to 34.9% (from 38.4% prior year). Operating income declined to…

10-Q · August 7, 2025

Amneal reported Q2 net revenue of $724,508,000, up $22,728,000 (+3.2%) versus Q2 2024, with gross profit rising to $286,253,000 and gross margin expanding to 39.5% from 35.6%. Operating income improved to $111,372,000…

10-Q · August 9, 2024

Amneal Pharmaceuticals reported strong growth in Q2 2024, with revenues of $701.78 million, up 17.3% from the previous quarter and 17.3% year-over-year. However, despite the revenue increase, the net income was $5.99…

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.