Johnson & Johnson<\/a> on Wednesday forecast 2026 sales and profit ahead of Wall Street estimates, even when including a hit of “hundreds \u200dof millions of dollars” from the \u200ddrug pricing deal it \u200dsigned with the Trump administration earlier this month.<\/p>\nJ&J is one of 16 big pharmaceutical companies that have reached agreements to lower U.S. drug prices in exchange for exemptions from Trump-imposed tariffs.<\/p>\n
“We can’t disclose specific \u200cdetails, \u200cbut it’s hundreds of millions of dollars,” Chief Financial \u200bOfficer Joseph Wolk said in an interview. “It’s a credit to the team here that we were able to surpass what (analyst) expectations are for 2026 by a pretty sizable amount while digesting that impact.”<\/p>\n
The company forecast 2026 operational sales of $99.5 \u2060billion to $100.5 billion, exceeding analysts’ estimates of $98.9 billion, according to LSEG data.<\/p>\n
J&J sees full-year 2026 profit coming in at $11.43 to $11.63 per share. Analysts have forecast earnings of $11.45 per share.<\/p>\n
J&J also reported a fourth-quarter profit ahead of expectations, buoyed by strong sales of the blood cancer therapy Darzalex, solid growth in psoriasis drug Tremfya and resilience in its medical devices business.<\/p>\n
The results land a day after a court-appointed special master recommended that expert testimony linking the company’s talc products to ovarian cancer be allowed in court.<\/p>\n
J&J has been fighting claims over its talc products in both federal and state courts for years, and has said its products are safe and do not cause cancer.<\/p>\n
The upbeat performance comes as the company faces multiple challenges, including tariff uncertainty on its medical devices unit and rising competition for its blockbuster \u200dpsoriasis drug Stelara from biosimilars. Stelara sales declined more than analysts had forecast.<\/p>\n
“How nice is it \u200cthat Stelara was down so much – maybe even more than analysts thought – \u2060and we still continue to grow?” Wolk said.<\/p>\n
“If you just take Stelara out of that mix, that portfolio is growing 14%, 15%. Those are the products \u200dthat we’re going to rely on for the next couple years and the balance of this decade.”<\/p>\n
On an adjusted basis, the healthcare conglomerate earned $6 billion, or $2.46 per share, for the quarter. Analysts were expecting a profit of $2.44 per share.<\/p>\n
Quarterly revenue of $24.56 billion also topped Wall Street expectations of $24.16 billion.<\/p>\n
Sales in the Innovative Medicine division, its largest, grew 10% to $15.76 billion in the \u2060quarter, beating estimates of $15.37 billion.<\/p>\n
Quarterly sales \u200cfor the devices business rose 7.5% to $8.8 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"Johnson & Johnson said on Thursday that it has reached an agreement with the U.S. President administration to…\n","protected":false},"author":2,"featured_media":256143,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[2691,122,222,103,397,2690,396,61,60,14174],"class_list":["post-256142","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-biotech-and-pharmaceuticals","tag-business-news","tag-earnings","tag-health","tag-health-care","tag-health-care-industry","tag-healthcare","tag-ie","tag-ireland","tag-johnson-johnson"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/256142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=256142"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/256142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/256143"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=256142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=256142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=256142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}