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Earnings Analysis

Healthcare

Summary

AstraZeneca delivered robust Q1 2026 results, with revenues up 8% year-on-year and operating profit rising 17%.

AZN's oncology division remains a powerhouse, driving ~45% of revenues, with six blockbuster drugs and a deep pipeline supporting long-term growth.

Despite Farxiga's looming US patent expiry, rare disease and oncology divisions are expected to offset declines, targeting overall $80bn annual revenues by 2030.

I view AZN as a solid long-term buy-and-hold, anticipating at least 30% share price appreciation by 2030, though near-term upside appears limited.

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Investment Overview

AstraZeneca ( AZN ), the United Kingdom-headquartered Pharma giant, announced its Q1 2026 earnings today.…