INCY Earnings Predictions — 2026-07-28

Ticker Report or Guide KPI Prediction Answer Confidence
INCY Report Jakafi net sales BEAT pred ~$808M vs. cons $796.5M MEDIUM
INCY Report Opzelura net sales excluding the $246M CMS accrual reversal MISS pred ~$210M vs. cons $214.7M MEDIUM
INCY Report Hematology and Oncology portfolio net sales BEAT pred ~$232M vs. cons $221M MEDIUM
INCY Guide Total net sales BETTER guide ~$5.18B vs. cons $5.15B (FY2026 midpoint) MEDIUM
INCY Guide Opzelura net sales BETTER guide ~$1.05B vs. cons $1.03B (FY2026 midpoint, including CMS reversal) MEDIUM
INCY Guide Jakafi net sales BETTER guide ~$3.28B vs. cons $3.26B (FY2026 midpoint) MEDIUM
INCY Guide Hematology and Oncology portfolio net sales BETTER guide ~$880M vs. cons $860M (FY2026 midpoint) MEDIUM
INCY Guide Non-GAAP R&D plus SG&A expense LOWER guide ~$4.57B vs. cons $4.53B (FY2026 midpoint, including Vega upfront expense) LOW
INCY Return Day-1 residual (stock − beta × S&P 500) +2.2% LOW
INCY Return 5-day cumulative residual +3.0% (FOLLOW-THROUGH) Recurring Opzelura gross-to-net improvement and guide ~$5.18B vs. cons $5.15B support modest upward revenue revisions beyond the mechanical CMS benefit; guide ~$4.57B vs. cons $4.53B for spending and a small underlying Opzelura miss limit the magnitude. LOW