Amgen Inc. (AMGN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

My name is Julianne, and I will be your conference facilitator today for the Amgen Q2 FY 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. There will be a question and answer session at the conclusion of the last speaker's prepared remarks. In order to ensure that everyone has a chance to participate, we would like to request that you limit yourself to asking one question during the Q&A session. To ask a question, please press star, then the number one on your telephone keypad. To withdraw your question, please press star one again. I would now like to introduce Justin Clay, Vice President of Investor Relations. Mr. Clay, you may now begin. Good afternoon, everyone, and welcome to our second quarter 2025 earnings call. Bob Bradway will lead the call and be followed by a broader review of our performance by Myrtle Gordon, Jay Bradner, and Peter Griffiths. Through the course of our discussion today, we will use non-GAAP financial measures to describe our performance and have provided appropriate reconciliations within the materials that accompany this call. We will also make some forward-looking statements which are qualified by our Safe Harbor Statement, and please note that actual results can vary materially. Over to you, Bob. Good afternoon, everyone, and thank you for joining us today. As you'll hear, Amgen delivered another strong quarter driven by growing demand for our medicines across the board. With net selling prices for medicines declining across the industry, volume growth is a key differentiator. And once again, this quarter, that's what we delivered. We did this, of course, while also advancing a world-class pipeline. In the quarter, revenues grew by 9% year-over-year and volume increased at an impressive 1...