AbbVie Inc. · 2026 Q2
ReportedJul 31, 2026
Period endedJun 30, 2026
Rule of 40+28
Consensus vs reported
EPS · ADJUSTED
MISS -2%
$3.65
vs $3.71 expected
QoQ+37.7%
YoY—
Revenue
BEAT +1%
$16.99B
vs $16.77B expected
QoQ+13.3%
YoY+10.2%
QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.
Reported this quarter
Revenue
$16.99B
QoQ +13.3%
YoY +10.2%
EPS
$2.03
QoQ +420.5%
YoY +290.4%
Free Cash Flow
$3.11B
QoQ -12.6%
YoY -36.2%
Gross Margin
74.7%
QoQ +2.9 pp
YoY +2.9 pp
FCF Margin
18.3%
QoQ -5.4 pp
YoY -13.3 pp
Each tile opens the full quarterly series. Download the numbers as CSV or JSON.
What we learned
- A six-cent EPS miss cost nearly 5% of the company. Adjusted EPS of $3.65 against $3.71 , on revenue of $16.99B that beat a $16.77B estimate by 1.3%. The market priced the smaller of the two numbers.
- The guidance cut is disclosed spending, not deceleration. Full-year adjusted EPS went to $13.87–14.07 from $13.91–14.11, carrying $0.14 of Apogee dilution on a ~$10.9B deal closing in Q3 and $0.58 of year-to-date acquired IPR&D and milestone expense .
- The post-Humira thesis is landing close to its best case. Skyrizi $5.505B, +24.4% ; Rinvoq $2.525B, +24.5% — two-plus years past the cliff and still growing in the mid-twenties, with immunology as a whole at $8.786B, +15.1%.
- Humira's decline is now the small number. Down 35.9% to $756 million — less than a seventh of Skyrizi alone. The patent cliff that defined AbbVie's last five years no longer moves the quarter.
- Neuroscience is the underrated line and oncology is the soft one. Neuroscience grew 20.3% to $3.228B ; oncology fell 1.5% to $1.650B as Imbruvica's −29.4% outran Venclexta's +11.6%.
Coverage around this release
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2024 Q3 | — | $0.88 | — |
| 2024 Q4 | — | -$0.03 | — |
| 2025 Q1 | — | $0.72 | — |
| 2025 Q2 | — | $0.52 | — |
| 2025 Q3 | — | $0.10 | — |
| 2025 Q4 | — | $1.02 | — |
| 2026 Q1 | — | $0.39 | — |
| 2026 Q2 | $3.71 | $3.65 | -2% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Sources & downloads
Company
Published by the company on the day of the release.
HTML
Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1551152.
HTML
8-K results announcement
Filed Jul 31, 2026
HTM
Press release (EX-99.1)
Exhibit 99.1 to the 8-K
422 KB
HTML
Filing index
Every document in the 8-K submission
TXT
Complete submission
Raw archival text of the whole filing
JSON
Company facts (XBRL)
Every figure ABBV has reported to the SEC
R40 data
The numbers shown on this page, as we hold them.
CSV
This quarter (CSV)
Reported metrics for 2026 Q2, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings