Merck raises FY profit outlook as Q3 revenue climbs 5% to $18.1B

Grafa
13:21

Full story: https://grafa.com/en/news/united-states/merck-q3-2026-revenue-rises-5-percent

Key points

  • Merck (NYSE:MRK) reported third-quarter 2026 revenue of $18.1 billion, up 5% year over year, and adjusted earnings per share of $2.49, above the $2.09 analyst consensus.

  • Keytruda sales, including Keytruda Qlex, reached $8.6 billion, while Winrevair sales climbed 93% to $694 million.

  • Merck increased its 2026 adjusted EPS guidance to $2.77–$2.82 per share and narrowed its revenue outlook to $66.8 billion–$67.3 billion.

Merck (NYSE:MRK) reported third-quarter 2026 revenue of $18.1 billion, up 5% year over year, as growth in key pharmaceutical products supported results.

The company beat analyst expectations and raised its full-year adjusted profit outlook.

GAAP net income reached $5.07 billion, equivalent to $2.04 per share.

Adjusted earnings per share, which excludes certain items, increased to $2.49, exceeding the analyst consensus of $2.09.

Keytruda, including Keytruda Qlex, generated $8.6 billion in sales, up 6% year over year.

The subcutaneous formulation Keytruda Qlex contributed $830 million.

Winrevair sales increased 93% to $694 million, while Gardasil and Gardasil 9 generated approximately $2 billion in sales, up 14% excluding foreign exchange effects.

Animal Health revenue rose 4% to $1.7 billion.

Looking ahead, Merck raised its full-year 2026 adjusted EPS guidance to $2.77–$2.82 per share, from the previous range of $2.66–$2.76.

The revised outlook includes a one-time charge of $0.12 per share related to a licensing agreement with SciBrunch.

The company also narrowed its full-year revenue guidance to $66.8 billion–$67.3 billion.

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