AbbVie Sees 8% Q1 Revenue Growth to $14.7bn, Immunology Offsets Humira
AbbVie is forecast to deliver Q1 revenue of approximately $14.7bn, up 8% year-on-year, driven by immunology products Skyrizi and Rinvoq offsetting Humira's loss of exclusivity. The company's oncology bets and limited late-stage pipeline diversification beyond ADCs pose execution risks.
1. Q1 Revenue and Growth Drivers
AbbVie is forecast to report Q1 revenue of approximately $14.7bn, reflecting an 8% increase year-on-year. Strong sales of Skyrizi and Rinvoq are expected to offset declines following Humira's loss of exclusivity.
2. Pipeline Diversification and Execution Risks
The company’s oncology investments hinge on significant clinical successes, but limited diversification beyond antibody-drug conjugates (ADCs) and select late-stage assets presents execution challenges.