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Johnson & Johnson Tops Q2 Estimates, Lifts 2025 Guidance

Robust cancer drug sales fueled a quarterly outperformance prompting executives to raise full-year forecasts after cutting tariff cost estimates.

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Overview

  • Adjusted earnings per share reached $2.77, exceeding analysts’ $2.68 estimate.
  • Second-quarter revenue hit $23.74 billion, surpassing the $22.84 billion consensus.
  • The company halved its tariff cost outlook to $200 million from $400 million following a pause on U.S. levies for China imports.
  • Darzalex sales climbed to $3.54 billion while the medtech unit’s operational revenue grew 6.1% to $8.54 billion.
  • Management pledged $55 billion for U.S. manufacturing over four years and anticipates game-changing approvals across oncology, immunology and neuroscience.