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Compared to Estimates, Novartis (NVS) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2026, Novartis (NVS - Free Report) reported revenue of $14.41 billion, up 2.5% over the same period last year. EPS came in at $2.41, compared to $2.42 in the year-ago quarter.

The reported revenue represents a surprise of +3.3% over the Zacks Consensus Estimate of $13.95 billion. With the consensus EPS estimate being $2.20, the EPS surprise was +9.55%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Novartis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenues- Oncology- Tasigna- US: $30 million compared to the $24.84 million average estimate based on three analysts. The reported number represents a change of -81.5% year over year.
  • Net sales- Oncology- Scemblix- ROW: $193 million compared to the $165.13 million average estimate based on three analysts. The reported number represents a change of +80.4% year over year.
  • Revenues- Oncology- Promacta/Revolade- US: $39 million versus $23.52 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -82.8% change.
  • Revenues- Immunology- Cosentyx- US: $1.07 billion versus the three-analyst average estimate of $952.68 million. The reported number represents a year-over-year change of +16.1%.
  • Revenues- Oncology- Tafinlar + Mekinist- Total: $581 million versus $533.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
  • Revenues- Net sales to third parties: $14.41 billion versus the three-analyst average estimate of $13.96 billion. The reported number represents a year-over-year change of +2.5%.
  • Revenues- Oncology- Kisqali- Total: $1.7 billion versus the three-analyst average estimate of $1.72 billion. The reported number represents a year-over-year change of +44%.
  • Revenues- Immunology- Cosentyx- Total: $1.82 billion versus $1.72 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12% change.
  • Revenues- Cardiovascular- Entresto- Total: $1.18 billion versus $1.29 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -49.9% change.
  • Revenues- Established Brands- Exforge Group- Total: $191 million versus $203.02 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
  • Revenues- Established brands- Kymriah- Total: $88 million versus the three-analyst average estimate of $80.34 million. The reported number represents a year-over-year change of -11.1%.
  • Revenues- Oncology- Tasigna- Total: $142 million versus the three-analyst average estimate of $141.37 million. The reported number represents a year-over-year change of -56.6%.

View all Key Company Metrics for Novartis here>>>

Shares of Novartis have returned +0.4% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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