AstraZeneca forecasts growth in 2026 as it builds drug pipeline

AstraZeneca forecasts growth in 2026 as it builds drug pipeline

The UK's most valuable listed company has made major moves to grow in the US and China, its top two markets.

AstraZeneca EPA 290725
In 2025, AstraZeneca saw sales and profit rise 8% and 11% respectively.
LONDON:
AstraZeneca on Tuesday forecast profit and sales growth in 2026, betting on demand for its cancer treatments and newer drugs as it pushes expansion in the US and China.

The outlook comes as longtime CEO Pascal Soriot seeks to steer the company towards its target of US$80 billion in annual sales by 2030 through new medicines and investments, despite shifting US tariff and healthcare policies.

AstraZeneca has made major moves to grow in the US and China, its top two markets, with a US$50 billion US manufacturing deal last year, an NYSE listing and a US$15 billion China investment this year following setbacks in the region.

The UK’s most valuable listed company forecast 2026 total revenue to grow by mid-to-high single-digit percentage at constant currency rates, with core profit growth of a low double-digit percentage.

In 2025, sales and profit rose 8% and 11%, respectively. AstraZeneca had expected revenue to increase by a high single-digit percentage, with core earnings to grow by a low double-digit percentage.

The company’s core earnings for the three months ended December 31 stood at US$2.12 per share after total revenue rose 2% to US$15.50 billion. Analysts were expecting US$2.12 and US$15.4 billion, respectively, according to a company-compiled consensus.

AstraZeneca said sales of its cancer drugs during the quarter rose 20% to US$7.03 billion, but revenue from its cardiovascular drugs fell 6% to US$3.05 billion, partly due to generic competition.

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