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Merck beats Q3 estimates, raises profit outlook on strong Keytruda and Qlex sales.

Company Fundamentals
29 Oct 2026, 13:31 WIB
CNBC
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Bullish
Merck beats Q3 estimates, raises profit outlook on strong Keytruda and Qlex sales.

Merck exceeded third-quarter earnings and revenue expectations, driven by strong sales of its immunotherapy drug Keytruda and its newer injectable form, Qlex, which posted $830 million in sales—the highest since its 2025 launch. The company raised its adjusted profit forecast to $2.77-$2.82 per share, up from $2.66-$2.76, despite a $400 million one-time charge related to a licensing deal. Merck also narrowed its 2026 revenue guidance to $66.8-$67.3 billion. The success of Qlex supports Merck's strategy to maintain Keytruda's market share amid upcoming patent expirations in 2028. Other products like Winrevair and Gardasil also showed strong sales growth, contributing to overall revenue of $18.09 billion for the quarter, a 5% increase year-over-year.

Merck's market capitalization stands at $347.70 billion as of Oct 29, 2026, 17:41 WIB, reflecting its strong position in the health sector. The stock price on Pluang is $144.47, up 2.37% for the day, with a dividend yield of 2.41%. Trading volume reached 8,193,716 shares, showing active investor interest coinciding with the company's raised profit outlook and robust sales performance.

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