ASTRAZENECA (AZN) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for ASTRAZENECA.

Q4 2025

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Analyst Coverage

Research analysts who have asked questions during ASTRAZENECA earnings calls.

Rajan Sharma

Goldman Sachs Group, Inc.

8 questions for AZN

Also covers: ARGX, AUTL, CVAC +6 more

Matthew Weston

UBS Group AG

7 questions for AZN

Also covers: GSK, NVS, SNY

Mattias Häggblom

Handelsbanken

7 questions for AZN

Also covers: GNNDY

Peter Verdult

Citigroup Inc.

7 questions for AZN

Also covers: EVO, GMAB, GRFS +4 more

Justin Smith

Bernstein

6 questions for AZN

Also covers: GSK, SCWO

Luisa Hector

Berenberg

6 questions for AZN

Also covers: ABBV, BMY, MRK +1 more

Sachin Jain

Bank of America

6 questions for AZN

Also covers: GMAB, GSK, NVO +2 more

Simon Baker

Redburn Atlantic

6 questions for AZN

Also covers: AUTL, BNTX, GILD +5 more

Steve Scala

Cowen

6 questions for AZN

Also covers: ABBV, BMY, GSK +6 more

Gonzalo Artiach

Danske Bank

5 questions for AZN

Seamus Fernandez

Guggenheim Partners

5 questions for AZN

Also covers: AMLX, ARCT, ARQT +9 more

James Gordon

JPMorgan Chase & Co.

4 questions for AZN

Also covers: ARGX, GRFS, GSK +3 more

Richard Vosser

JPMorgan Chase & Co.

4 questions for AZN

Also covers: ARGX, MOLN, NVO +2 more

Sarita Kapila

Morgan Stanley

4 questions for AZN

Also covers: GSK, SNY

Michael Leuchten

Jefferies

3 questions for AZN

Also covers: GSK, NVO, NVS +1 more

Rajesh Kumar

HSBC

3 questions for AZN

Also covers: BZLFY, LLY, NVO +2 more

Christopher Uhde

SEB

2 questions for AZN

Also covers: ALVO

Graham Parry

Bank of America Corporation

2 questions for AZN

Also covers: GRFS, GSK, NVS +1 more

Mike Leuchten

Jefferies

2 questions for AZN

Emily Field

Barclays

1 question for AZN

Also covers: GMAB, GSK, NVO +2 more

Emmanuel Papadakis

Deutsche Bank

1 question for AZN

Also covers: NVO, NVS, SNY

Eric Le Berrigaud

Stifel

1 question for AZN

Also covers: NVS, SNY

Jo Walton

UBS

1 question for AZN

Also covers: GSK, NVO, NVS +1 more

Mark Purcell

Morgan Stanley

1 question for AZN

Also covers: GSK, NVS

Peter Welford

Jefferies

1 question for AZN

Also covers: GSK, NVO, NVS +1 more

Richard Parkes

BNP Paribas Exane

1 question for AZN

Also covers: GSK, NVO, NVS

Timothy Anderson

BofA Securities

1 question for AZN

Also covers: ABBV, AMGN, BIIB +10 more

Latest news

Recent press releases and 8-K filings for AZN.

AstraZeneca Announces FY and Q4 2025 Results and 2026 Guidance

AZN

Earnings

Guidance Update

Dividends

AstraZeneca reported FY 2025 Total Revenue of $58,739 million, an increase of 9% (8% at CER), and Core EPS of $9.16, up 12% (11% at CER).
For Q4 2025, Total Revenue was $15,503 million, up 4% (2% at CER), and Core EPS was $2.12, up 1% (down 2% at CER).
The company provided FY 2026 guidance, expecting Total Revenue to increase by a mid-to-high single-digit percentage and Core EPS to increase by a low double-digit percentage at constant exchange rates.
A second interim dividend of $2.17 per share was declared, increasing the total dividend for FY 2025 by 3% to $3.20 per share, with an intention to further increase the annual dividend to $3.30 per share for FY 2026.

2 days ago

6-K

AstraZeneca Reports Strong 2025 Results and Provides 2026 Guidance

AZN

Earnings

Guidance Update

Dividends

AstraZeneca reported strong financial performance for 2025, with revenue growing 8% and core EPS growing 11%, driven by continued global demand for its innovative medicines.
For 2026, the company anticipates total revenue to grow by a mid- to high-single-digit percentage and core EPS growth of a low double-digit percentage at constant exchange rates.
The company declared a full-year 2025 dividend of $3.20 per share and intends to increase the annual declared dividend to $3.30 per share in 2026.
AstraZeneca maintains a robust pipeline with over 100 Phase III trials ongoing and expects 20 Phase III readouts in 2026, which could collectively add over $10 billion in peak revenue potential. The company remains on track for its $80 billion revenue target by 2030.

3 days ago

Transcript

AstraZeneca Reports Strong 2025 Financial Results and Positive 2026 Outlook

AZN

Earnings

Guidance Update

New Projects/Investments

AstraZeneca reported strong financial performance for 2025, with total revenue growing 8% and core EPS increasing 11%.
The oncology segment delivered $25.6 billion in revenues, a 14% increase, while BioPharmaceuticals grew 5% to $23 billion.
For 2026, the company anticipates total revenue growth of a mid- to high-single-digit % and core EPS growth of low double-digit % at constant exchange rates.
The pipeline is robust, with 16 blockbuster medicines in 2025, aiming for 25 by 2030, and 20 phase 3 readouts expected in 2026 that could collectively generate over $10 billion in peak revenue.

3 days ago

Transcript

AstraZeneca Reports Strong 2025 Results and Positive 2026 Guidance

AZN

Earnings

Guidance Update

New Projects/Investments

AstraZeneca reported strong financial performance in 2025, with total revenue growing 8% and core EPS increasing by 11%.
For 2026, the company anticipates total revenue growth in the mid- to high-single-digit % and core EPS growth in the low double-digit % at constant exchange rates, with an intended annual declared dividend increase to $3.30 per share.
The company highlighted significant pipeline momentum, with 16 blockbuster medicines in 2025 and a target of 25 by 2030, expecting 20 phase 3 readouts in 2026 with a combined peak-year sales potential exceeding $10 billion.
Despite anticipated headwinds like the loss of exclusivity for Farxiga in the US in April 2026, AstraZeneca remains confident in achieving its $80 billion revenue ambition by 2030.
Capital allocation priorities remain unchanged, with a net debt-to-EBITDA ratio of 1.2 times and continued disciplined investment in R&D and manufacturing capacity for future growth.

3 days ago

Transcript

AstraZeneca Provides Update on Saphnelo Subcutaneous Administration US Regulatory Review

AZN

Product Launch

Guidance Update

The US Food and Drug Administration (FDA) issued a Complete Response Letter (CRL) regarding the Biologics License Application (BLA) for Saphnelo (anifrolumab) for subcutaneous administration in adult patients with systemic lupus erythematosus (SLE).
AstraZeneca has since provided the requested information to the FDA, with a decision on the updated application expected in the first half of 2026.
While the US subcutaneous application is pending, intravenous (IV) Saphnelo remains commercially available, and the subcutaneous formulation was approved in the European Union (EU) in December 2025.
AstraZeneca will pay Bristol-Myers Squibb (BMS) a mid-teens royalty for US sales of Saphnelo under an updated 2025 agreement.

Feb 3, 2026, 12:01 PM

6-K

AstraZeneca's Imfinzi Recommended in EU for Early Gastric Cancer

AZN

Product Launch

New Projects/Investments

AstraZeneca's Imfinzi (durvalumab) in combination with FLOT chemotherapy has been recommended for approval in the EU by the CHMP for adult patients with resectable, early-stage and locally advanced gastric and gastroesophageal junction (GEJ) cancers.
This recommendation is based on the MATTERHORN Phase III trial, which demonstrated a 29% reduction in the risk of disease progression, recurrence or death and a 22% reduction in the risk of death for the Imfinzi regimen compared to chemotherapy alone.
If approved, this would be the first immunotherapy-based perioperative therapy for patients in this setting in the EU.
Imfinzi is already approved in the US and other countries for this same indication based on the MATTERHORN results.

Feb 2, 2026, 12:51 PM

6-K

AstraZeneca Begins Trading Ordinary Shares on NYSE

AZN

Delisting/Listing Issues

Guidance Update

AstraZeneca commenced trading its ordinary shares on the New York Stock Exchange (NYSE) on February 2, 2026, to provide broader access for US investors.
This move harmonizes the trading of AstraZeneca ordinary shares across the NYSE, London Stock Exchange (LSE), and Nasdaq Stockholm (STO) under the ticker symbol "AZN".
The prior listing of American Depositary Shares and US dollar bonds on Nasdaq ceased on January 30, 2026.
AstraZeneca aims to grow annual revenue to $80 billion and launch 20 new medicines by 2030.

Feb 2, 2026, 12:25 PM

6-K

AstraZeneca Announces Strategic Partnership with CSPC Pharmaceuticals

AZN

M&A

New Projects/Investments

AstraZeneca has entered into a strategic collaboration agreement with CSPC Pharmaceuticals to enhance its weight management portfolio for obesity and type 2 diabetes.
The agreement includes eight programmes, granting AstraZeneca exclusive global rights outside of China to CSPC's once-monthly injectable weight management portfolio, which features a clinical-ready asset, SYH2082.
AstraZeneca will make an upfront payment of $1.2 billion to CSPC, with potential development and regulatory milestones of up to $3.5 billion across all programmes, in addition to commercialisation and sales milestones plus tiered royalties.
The collaboration provides AstraZeneca access to CSPC's advanced AI-driven peptide drug discovery platform and proprietary LiquidGel once-monthly dosing platform technology.
The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory clearances.

Jan 30, 2026, 11:19 AM

6-K

AstraZeneca announces $15 billion investment in China through 2030

AZN

New Projects/Investments

Hiring

AstraZeneca plans to invest $15 billion in China through 2030 to expand medicines manufacturing and R&D, focusing on pioneering next-generation innovative medicines.
This investment will enhance AstraZeneca's R&D footprint and develop existing manufacturing facilities in China, with the goal of growing its highly skilled workforce in the country beyond 20,000.
China is AstraZeneca's second-largest market and a strategic hub for global innovation, currently employing over 17,000 people in the country.

Jan 29, 2026, 1:08 PM

6-K

AstraZeneca Reports Strong 9M 2025 Performance and Reaffirms 2030 Ambition

AZN

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

AstraZeneca reported strong commercial performance for the first nine months of 2025, with total revenue increasing by 11% and core EPS growing 15%.
The company reiterated its four-year guidance for total revenue to increase by high single digits and core EPS by low double-digit % at constant exchange rates, expressing high confidence in reaching its $80 billion ambition by 2030.
AstraZeneca achieved 16 positive phase 3 readouts since fiscal 2024 results, including FDA approvals for Imfinzi and HER2, and priority review for Baxdrostat with a PDUFA date in Q2 2026.
Anticipated Q4 2025 headwinds include VBP and year-end hospital order dynamics in China, tender offer timings in emerging markets, and a comparison impact from over $800 million in sales-based milestones booked in Q4 2024.