Why Is Bristol-Myers Squibb Stock Trading Higher On Thursday?

Bristol-Myers Squibb Co. (NYSE:BMY) shares are up on Thursday as the company reported its first-quarter financial results for 2026.

The U.S. large pharma company reported adjusted earnings of $1.58, beating the Wall Street estimate of $1.42.

Sales of $11.49 billion increased 3%, surpassing the consensus of $10.91 billion.

Growth Portfolio Strength Offsets Legacy Drag

• Growth Portfolio revenues of $6.2 billion increased 12%, or 9% Ex-FX (Camzyos, Breyanzi, and Reblozyl primarily drove revenue growth).
• Legacy Portfolio revenues of $5.3 billion decreased 6%, or 8% Ex-FX.
• The highest-revenue product, Eliquis, generated $4.14 billion in sales, up 16%.
• Sales of the cancer drug Opdivo decreased 5% to $2.15 billion.
• The arthritis drug Orencia generated sales of $818 million, up 6%.
• Sales of another cancer drug, Yervoy, increased 4% to $651 million.
• Adjusted gross margin decreased from 73.1% to 70.3%, reflecting a change in product mix.

Full-Year Outlook Reaffirmed

Bristol-Myers Squibb reaffirmed fiscal 2026 adjusted earnings guidance of $6.05-$6.35 per share, and sales of $46 billion-$47.50 billion compared to the consensus of $6.27 and $47.11 billion, respectively.

Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $61.73. Recent analyst moves include:

• BofA Securities: Buy (Lowers Target to $67.00) (April 9)
• Guggenheim: Buy (Maintains Target to $72.00) (April 8)
• Cantor Fitzgerald: Neutral (Raises Target to $54.00) (April 8)

How BMY Ranks On Value, Growth, Quality And Momentum

Below is the Benzinga Edge scorecard for Bristol-Myers Squibb, highlighting its strengths and weaknesses compared to the broader market:

• Value Rank: 35.5 — Indicates the stock is trading at a premium relative to peers.
• Growth Rank: 91.48 — Suggests strong growth potential compared to the broader market.
• Quality Rank: 79.08 — Reflects a solid balance sheet and operational efficiency.
• Momentum Rank: 73.59 — Indicates positive momentum relative to market trends.

The Verdict: Bristol-Myers Squibb’s Benzinga Edge signal reveals a growth-heavy profile, suggesting strong potential for future performance despite some value concerns.

BMY Stock Price Activity: Bristol-Myers Squibb shares were up 4.44% at $60.15 at the time of publication on Thursday, according to Benzinga Pro data.

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