Pfizer Q2 2025 Revenue Falls to $12.7B Amid COVID Product Demand Decline
Pfizer's Q2 2025 earnings reveal a mixed performance with EPS surpassing forecasts but revenue dipping due to reduced COVID-19 product sales. The company focuses on new product launches to drive future growth.
Pharmaceutical giant Pfizer reported its Q2 2024 financial results, highlighting a decline in revenue driven by waning demand for COVID-19 related treatments, while earnings per share (EPS) exceeded analyst expectations.
Highlights from Pfizer's Q2 2024 Report
- EPS reached $0.67, beating the anticipated $0.57.
- Revenue totaled $12.7 billion, falling short of the forecasted $13.27 billion.
- CFO David Denton acknowledged near-term revenue hurdles due to decreased COVID product sales.
Despite the revenue shortfall, Pfizer's EPS performance reflects operational resilience. The company’s COVID-19 products, including Comirnaty and Paxlovid, are projected to see annual revenue drops of 64% and 58%, respectively, signaling a shift in market demand.
Excluding COVID-related products, Pfizer experienced a 5% revenue increase in the quarter, though the company maintained its full-year revenue guidance at approximately $67 billion to $70 billion, which disappointed some analysts.
In a strategic move, Pfizer completed a $31 billion debt issuance aimed at financing its planned acquisition of Seagen, supporting its pipeline expansion efforts.
Pfizer's stock rebounded by 1.8% in morning trading, offsetting earlier losses, yet the shares remain down about 27% year-to-date, underperforming the S&P 500 index.
CFO Denton emphasized Pfizer’s strong positioning for accelerated growth in non-COVID segments, while CEO Albert Bourla reaffirmed the company’s commitment to launching 19 new products and indications within an 18-month timeframe.
Overall, Pfizer is navigating the transition from pandemic-driven revenues toward diversified pharmaceutical innovation to sustain long-term growth.
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