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Incyte Corporation INCY · Stock Open Incyte Corporation in new tab

121.70 USD
P/E
61.38
EPS
1.96
P/B
4.35
ROE
7.84
Beta
0.78
Target Price
131.50 USD
Incyte Corporation logo

Incyte Corporation

🧾 Earnings Recap – Q3 2026

Shares were nearly flat after earnings, down 0.1%. Incyte reported 14% revenue growth and broad-based product sales growth, while Jakafi sales grew more slowly than underlying demand amid pricing dynamics.

  • Total revenue was $1.56 billion, up 14% year over year; total net sales were $1.32 billion, also up 14%.
  • Jakafi net sales rose 4% to $827 million, while underlying demand increased 12%; the company cited expected pricing dynamics, including the CMS GENEROUS Model.
  • Core net sales excluding Jakafi were $490 million, up 30%. OPZELURA sales increased 36% to $255 million, or 21% on a pro forma basis adjusting for a prior-year Medicaid line-extension settlement.
  • The company said Jakafi formulary coverage is expected to exceed 80% by year-end and maintained its goal of retaining 10%–30% of the Jakafi business by 2029.
  • Incyte cited ongoing reviews for frontline MONJUVI and povorcitinib in HS, and expects first-line MF data for 989 by year-end.
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Key Metrics
Earnings dateFeb. 9, 2027
P/E61.38
EPS1.96
Book Value27.66
Price to Book4.35
Debt/Equity0.66
% Insiders1.836%
Growth
Revenue Growth0.14%
Earnings Growth0.38%
Estimates
Forward P/E13.93
Forward EPS8.64
Target Mean Price131.50

DCF valuation

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Assumptions
Growth– Capex– Tax– Terminal g– Cost of equity– Cost of debt–
Analyst price targets
24 analysts · consensus Buy · mean target 131.50 USD (low 100.00, high 157.00) · as of 11 Nov 2026
Low 100.00
Mean 131.50
High 157.00
Price 121.70
Published broker research as supplied by our market data feed, named by firm and dated; it does not identify individual analysts. Targets carry their last refresh date; rating changes can be a few days behind.

Incyte Corporation Logo Incyte Corporation Analysis (INCY)

United States Health Care Official Website Stock

Is Incyte Corporation a good investment? Incyte Corporation (INCY) is currently trading at 121.70 USD. Market analysts have a consensus price target of 131.50 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 61.38. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Incyte Corporation is expected to release its next earnings report on Feb. 9, 2027. The market consensus estimate for Forward EPS is 8.64.

Investor FAQ

Does Incyte Corporation pay a dividend?

No, it does not currently pay a dividend.

What asset class is Incyte Corporation?

Incyte Corporation is classified as a Stock. You can compare it against 6 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Feb. 9, 2027. The company currently has a trailing EPS of 1.96.

Company Profile

Incyte Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics in the United States, Europe, Canada, and Japan. The company offers JAKAFI for the treatment of myelofibrosis (MF), polycythemia vera, and steroid-refractory acute graft-versus-host disease; ICLUSIG, a kinase inhibitor to treat chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia; MONJUVI/MINJUVI for the treatment of diffuse large B-cell lymphoma and Follicular Lymphoma; NIKTIMVO for the treatment of chronic graft-versus-host disease. It also provides INCA033989 for the treatment of essential thrombocythemia and MF; INCA035784 for the treatment of anti-mutant calreticulin and myeloproliferative neoplasms (MPNs); INCB160058 for the treatment of MPNs; PEMAZYRE, a selective fibroblast growth factor receptor kinase inhibitor for the treatment of unresectable biliary tract cancer, metastatic cholangiocarcinoma, and myeloid/lymphoid neoplasms; ZYNYZ to treat adults with metastatic or recurrent locally advanced Merkel cell carcinoma. The company's clinical stage products include INCB123667 for ovarian cancer; INCB161734 for solid tumors; INCA33890 for cancers; Ruxolitinib cream for atopic dermatitis, hidradenitis suppurativa (HS), and prurigo nodularis; Povorcitinib for HS, nonsegmental vitiligo, prurigo nodularis, and asthma; and INCB00928 for the treatment of fibrodysplasia ossificans progressive. It has collaboration and license agreement with Novartis, Lilly, and Syndax. The company sells its products to specialty and retail pharmacies, hospital pharmacies, and distributors. Incyte Corporation has a clinical trial collaboration with Genmab A/S to evaluate petosemtamab. The company was formerly known as Incyte Genomics Inc and changed its name to Incyte Corporation in March 2003. Incyte Corporation was incorporated in 1991 and is headquartered in Wilmington, Delaware.

Exchange Ticker
MEX (Mexico) INCY.MX
VIE (Austria) INCY.VI
NMS (United States) INCY
FRA (Germany) ICY.F
SAO (Brazil) I1NC34.SA
LSE (United Kingdom) 0J9P.L
Trades
Dividend History paid per year (USD)
No dividend history available.
Stock Splits
Split Date Split Ratio to 1
Nov. 10, 1997 2:1
Sept. 1, 2000 2:1
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