High importanceWaiting for 3 Feb
Sales outlook
Expected2027 revenue guidance of about $59.4 billionanalysts
The resultComes with the report on 3 Feb
The outlook will show how quickly Novartis expects drug sales to recover from generic competition.
80/100B160.420
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Fair value128.72Plus+25%103Price 160.42634
Q4 FY2026 · Earnings report
EPS estimate 2.23Revenue estimate 14.65B
Q4 FY2026 · Earnings report
EPS estimate 2.23Revenue estimate 14.65B
Novartis earningsWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
Novartis reports its Q4 FY2026 results on 3 February 2027, before the market opens. Analysts expect earnings per share of 2.23 USD and revenue of 14.65B USD.
In Q3 FY2026, reported on 27 October 2026, Novartis earned 2.46 USD a share against the 2.25 USD analysts expected (+9.3%), on revenue of 14.52B USD against 14.53B USD (-0.1%).
- Last EPS surpriseWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +9.3%
- Last revenue surprise
- -0.1%
- Move after the last reportWhat is the next-day move after earnings? The next-day move is how much a stock's price changed on the first trading day after an earnings report: how the market took the results.
- +2.0%
- Average move after earningsWhat is the next-day move after earnings? The next-day move is how much a stock's price changed on the first trading day after an earnings report: how the market took the results.
- 2.1%
EPS and revenue against estimates
Next earnings · Q4 FY2026
EPS estimate
2.23 USD
Revenue estimate
14.65B USD
Last quarter · Q3 FY2026
EPS2.46Beat +9.3%Revenue14.52BMissed -0.1%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth | Next-day move |
|---|---|---|---|---|---|---|---|---|---|---|
| Q4 FY2026 | 2.23 | — | — | +9.85% | 14.65B | — | — | +9.83% | — | |
| Q3 FY2026 | 2.25 | 2.46 | +9.33% | +9.33% | 14.53B | 14.52B | -0.07% | +1.14% | +2.0% | |
| Q2 FY2026 | 2.17 | 2.41 | +11.06% | -0.41% | 14.07B | 14.41B | +2.43% | +0.90% | +2.9% | |
| Q1 FY2026 | 2.11 | 1.99 | -5.69% | -12.72% | 13.44B | 13.11B | -2.42% | -3.72% | +0.9% | |
| Q4 FY2025 | 1.99 | 2.03 | +2.01% | +2.53% | 13.70B | 13.34B | -2.69% | -1.64% | +2.1% | |
| Q3 FY2025 | 2.26 | 2.25 | -0.44% | +9.22% | 13.64B | 14.36B | +5.25% | +9.00% | -4.3% | |
| Q2 FY2025 | 2.38 | 2.42 | +1.68% | +22.84% | 13.94B | 14.28B | +2.47% | +14.13% | -3.3% | |
| Q1 FY2025 | 2.12 | 2.28 | +7.55% | +26.67% | 13.90B | 13.62B | -2.01% | +15.14% | +0.7% | |
| Q4 FY2024 | 1.80 | 1.98 | +10.00% | +29.41% | 12.84B | 13.56B | +5.61% | +15.13% | -0.1% | |
| Q3 FY2024 | 1.94 | 2.06 | +6.19% | +18.39% | 12.76B | 13.17B | +3.20% | +8.93% | -4.4% | |
| Q2 FY2024 | 1.89 | 1.97 | +4.23% | +7.65% | 12.54B | 12.51B | -0.23% | -10.22% | -4.1% | |
| Q1 FY2024 | 1.73 | 1.80 | +4.05% | +5.26% | 11.44B | 11.83B | +3.40% | -10.44% | +2.3% | |
| Q4 FY2023 | 1.64 | 1.53 | -6.71% | +1.32% | 11.88B | 11.78B | -0.91% | -10.02% | -4.0% | |
| Q3 FY2023 | 1.70 | 1.74 | +2.35% | +10.13% | 12.42B | 12.09B | -2.61% | -5.84% | +0.2% | |
| Q2 FY2023 | 1.68 | 1.83 | +8.93% | +17.31% | 13.47B | 13.94B | +3.43% | +6.50% | +4.6% | |
| Q1 FY2023 | 1.55 | 1.71 | +10.32% | +17.12% | 12.72B | 13.21B | +3.86% | +3.07% | +3.4% | |
| Q4 FY2022 | 1.42 | 1.51 | +6.34% | +7.86% | 13.22B | 13.09B | -1.00% | -3.22% | -2.6% | |
| Q3 FY2022 | 1.57 | 1.58 | +0.64% | -7.60% | 12.88B | 12.84B | -0.33% | -3.93% | +0.9% | |
| Q2 FY2022 | 1.51 | 1.56 | +3.31% | -6.02% | 12.88B | 13.09B | +1.59% | -1.57% | +4.0% | |
| Q1 FY2022 | 1.44 | 1.46 | +1.39% | -3.95% | 12.62B | 12.81B | +1.55% | +0.95% | -1.6% | |
| Q4 FY2021 | 1.44 | 1.40 | -2.78% | +4.48% | 13.33B | 13.52B | +1.46% | +3.78% | -2.6% | |
| Q3 FY2021 | 1.65 | 1.71 | +3.64% | +12.50% | 12.95B | 13.37B | +3.21% | +6.61% | +1.8% | |
| Q2 FY2021 | 1.53 | 1.66 | +8.50% | +22.96% | 12.95B | 13.29B | +2.64% | +14.39% | +0.2% | |
| Q1 FY2021 | 1.57 | 1.52 | -3.18% | -1.94% | 13.25B | 12.69B | -4.22% | -0.11% | -1.4% | |
| Q4 FY2020 | 1.38 | 1.34 | -2.90% | +2.29% | 13.22B | 13.03B | -1.45% | +2.47% | -2.6% | |
| Q3 FY2020 | 1.42 | 1.52 | +7.04% | +7.80% | 11.93B | 12.54B | +5.07% | +0.45% | -3.9% | |
| Q2 FY2020 | 1.29 | 1.35 | +4.65% | +2.27% | 11.18B | 11.62B | +3.97% | -3.34% | -2.3% | |
| Q1 FY2020 | 1.37 | 1.55 | +13.14% | +29.17% | 10.95B | 12.71B | +16.10% | +10.94% | -1.9% | |
| Q4 FY2019 | 1.32 | 1.31 | -0.76% | +5.65% | 12.42B | 12.72B | +2.38% | -6.94% | +0.2% | |
| Q3 FY2019 | 1.31 | 1.41 | +7.63% | +7.63% | 12.02B | 12.48B | +3.82% | +9.63% | +0.5% | |
| Q2 FY2019 | 1.20 | 1.32 | +10.00% | +4.76% | 10.84B | 12.02B | +10.91% | -10.62% | +4.5% | |
| Q1 FY2019 | 1.11 | 1.20 | +8.11% | -6.25% | 10.96B | 11.46B | +4.50% | -11.40% | +2.6% | |
| Q4 FY2018 | 1.33 | 1.24 | -6.77% | +3.33% | 13.98B | 13.66B | -2.29% | +3.80% | -1.1% | |
| Q3 FY2018 | 1.31 | 1.31 | 0.00% | +1.55% | 11.21B | 11.39B | +1.56% | -10.29% | +1.0% | |
| Q2 FY2018 | 1.27 | 1.26 | -0.79% | +4.13% | 13.24B | 13.45B | +1.60% | +7.67% | +2.8% | |
| Q1 FY2018 | 1.25 | 1.28 | +2.40% | +13.27% | 12.93B | 12.93B | 0.00% | +9.71% | -3.3% | |
| Q4 FY2017 | 1.16 | 1.20 | +3.45% | +7.14% | 12.94B | 13.16B | +1.71% | +4.43% | +4.9% | |
| Q3 FY2017 | 1.25 | 1.29 | +3.20% | +4.88% | 12.29B | 12.69B | +3.31% | +2.84% | -3.3% | |
| Q2 FY2017 | 1.16 | 1.21 | +4.31% | -0.82% | 12.28B | 12.49B | +1.71% | -1.46% | +1.7% | |
| Q1 FY2017 | 1.10 | 1.13 | +2.73% | -3.42% | 11.57B | 11.79B | +1.83% | -0.21% | +2.2% | |
| Q4 FY2016 | 1.09 | 1.12 | +2.75% | +0.90% | 12.61B | 12.61B | 0.00% | -1.55% | +3.0% | |
| Q3 FY2016 | 1.18 | 1.23 | +4.24% | -3.15% | 11.93B | 12.34B | +3.48% | -1.15% | -3.7% | |
| Q2 FY2016 | 1.18 | 1.22 | +3.39% | -3.17% | 12.14B | 12.68B | +4.42% | -1.68% | -0.6% | |
| Q1 FY2016 | 1.18 | 1.17 | -0.85% | -12.03% | 12.01B | 11.81B | -1.67% | -3.21% | -0.4% | |
| Q4 FY2015 | 1.22 | 1.11 | -9.02% | -8.26% | 13.78B | 12.80B | -7.09% | -4.12% | -5.4% | |
| Q3 FY2015 | 1.31 | 1.27 | -3.05% | -7.30% | 12.87B | 12.49B | -2.96% | -6.13% | -2.3% | |
| Q2 FY2015 | 1.20 | 1.26 | +5.00% | -5.97% | 12.79B | 12.90B | +0.81% | -7.55% | -2.3% | |
| Q1 FY2015 | 1.12 | 1.33 | +18.75% | +3.91% | 10.09B | 12.20B | +20.88% | -14.31% | +2.0% | |
| Q4 FY2014 | 1.13 | 1.21 | +7.08% | +0.83% | 13.35B | 13.35B | 0.00% | -13.08% | +2.5% | |
| Q3 FY2014 | 1.29 | 1.37 | +6.20% | +9.60% | 12.48B | 13.30B | +6.61% | -8.64% | +2.4% | |
| Q2 FY2014 | 1.40 | 1.34 | -4.29% | +3.08% | 14.55B | 13.95B | -4.11% | -5.13% | -1.7% | |
| Q1 FY2014 | 1.33 | 1.28 | -3.76% | -1.54% | 14.77B | 14.24B | -3.62% | +0.23% | -1.8% | |
| Q4 FY2013 | 1.22 | 1.20 | -1.64% | -5.51% | 16.22B | 15.36B | -5.26% | +1.96% | -0.4% | |
| Q3 FY2013 | 1.32 | 1.25 | -5.30% | -6.72% | 15.22B | 14.56B | -4.38% | +3.70% | +3.3% | |
| Q2 FY2013 | 1.29 | 1.30 | +0.78% | -5.80% | 14.82B | 14.70B | -0.77% | +1.12% | -0.8% | |
| Q1 FY2013 | 1.25 | 1.30 | +4.00% | +2.36% | 13.76B | 14.21B | +3.23% | +2.11% | -1.0% | |
| Q4 FY2012 | 1.27 | 1.27 | 0.00% | +3.25% | 14.06B | 15.07B | +7.21% | +0.48% | +3.4% | |
| Q3 FY2012 | 1.38 | 1.34 | -2.90% | -7.59% | 14.25B | 14.04B | -1.45% | -6.62% | -0.4% | |
| Q2 FY2012 | 1.29 | 1.38 | +6.98% | -6.76% | 13.53B | 14.54B | +7.50% | -3.85% | +1.8% | |
| Q1 FY2012 | 1.32 | 1.27 | -3.79% | -9.93% | 14.44B | 13.91B | -3.65% | -2.17% | -1.4% | |
| Q4 FY2011 | 1.20 | 1.23 | +2.50% | +7.89% | 14.62B | 15.00B | +2.56% | +3.68% | -1.2% | |
| Q3 FY2011 | 1.51 | 1.45 | -3.97% | +14.17% | 15.63B | 15.03B | -3.82% | +17.27% | -4.2% | |
| Q2 FY2011 | 1.40 | 1.48 | +5.71% | +23.33% | 14.26B | 15.12B | +6.06% | +26.86% | +2.2% | |
| Q1 FY2011 | 1.31 | 1.41 | +7.63% | -2.08% | 13.14B | 14.22B | +8.26% | +15.10% | +3.7% | |
| Q4 FY2010 | 1.25 | 1.14 | -8.80% | +12.87% | 15.74B | 14.46B | -8.09% | +10.03% | -2.9% | |
| Q3 FY2010 | 1.20 | 1.27 | +5.83% | +38.04% | 12.07B | 12.82B | +6.19% | +13.55% | -0.9% | |
| Q2 FY2010 | 1.13 | 1.20 | +6.19% | +34.83% | 11.18B | 11.92B | +6.60% | +10.98% | +0.9% | |
| Q1 FY2010 | 1.23 | 1.44 | +17.07% | +65.52% | 10.25B | 12.36B | +20.59% | +24.48% | +0.1% | |
| Q4 FY2009 | 1.10 | 1.01 | -8.18% | +53.03% | 14.22B | 13.15B | -7.56% | +27.03% | +1.7% | |
| Q3 FY2009 | 0.95 | 0.92 | -3.16% | 0.00% | 11.65B | 11.29B | -3.06% | +2.36% | +1.0% | |
| Q2 FY2009 | 0.85 | 0.89 | +4.71% | -9.18% | 10.24B | 10.74B | +4.94% | +0.15% | +2.6% | |
| Q1 FY2009 | 0.87 | 0.87 | 0.00% | -14.71% | 9.93B | 9.93B | 0.00% | -2.84% | +3.8% | |
| Q4 FY2008 | 0.79 | 0.66 | -16.46% | +65.00% | 12.05B | 10.35B | -14.13% | +1.74% | -5.1% | |
| Q3 FY2008 | 0.95 | 0.92 | -3.16% | +35.29% | 11.38B | 11.03B | -3.06% | +12.34% | +2.4% | |
| Q2 FY2008 | 0.93 | 0.98 | +5.38% | +18.07% | 10.15B | 10.73B | +5.68% | +14.11% | +1.5% | |
| Q1 FY2008 | 0.89 | 1.02 | +14.61% | +10.87% | 8.72B | 10.22B | +17.11% | +4.05% | +3.4% | |
| Q4 FY2007 | 0.73 | 0.40 | -45.21% | -42.86% | 13.29B | 10.17B | -23.48% | +9.14% | -4.2% | |
| Q3 FY2007 | 0.76 | 0.68 | -10.53% | -13.92% | 10.85B | 9.82B | -9.52% | +1.32% | +0.8% | |
| Q2 FY2007 | 0.78 | 0.83 | +6.41% | +13.70% | 8.80B | 9.40B | +6.85% | +2.37% | -2.4% | |
| Q1 FY2007 | 0.84 | 0.92 | +9.52% | +10.84% | 8.88B | 9.82B | +10.53% | +18.27% | -0.7% | |
| Q4 FY2006 | 0.78 | 0.70 | -10.26% | +20.69% | 10.27B | 9.32B | -9.30% | +6.47% | -2.5% | |
| Q3 FY2006 | 0.76 | 0.79 | +3.95% | +11.27% | 9.31B | 9.69B | +4.11% | +14.15% | +3.8% | |
| Q2 FY2006 | 0.79 | 0.73 | -7.59% | +3.69% | 9.88B | 9.18B | -7.06% | +16.67% | +0.1% | |
| Q1 FY2006 | 0.71 | 0.83 | +16.90% | — | 6.90B | 8.30B | +20.34% | — | +0.3% | |
| Q4 FY2005 | 0.71 | 0.58 | -18.31% | +3.57% | 10.36B | 8.75B | -15.48% | +15.51% | -1.6% | |
| Q3 FY2005 | 0.72 | 0.71 | -1.39% | +12.70% | 8.61B | 8.49B | -1.37% | +20.29% | +3.7% | |
| Q2 FY2005 | 0.66 | 0.70 | +6.06% | +11.11% | 7.39B | 7.34B | -0.70% | +5.28% | +2.3% | |
| Q2 FY2005 | — | 0.70 | — | +11.75% | — | 7.87B | — | +12.86% | -0.2% | |
| Q4 FY2004 | 0.60 | 0.56 | -6.67% | +1.82% | 8.08B | 7.58B | -6.25% | +12.60% | -1.3% | |
| Q3 FY2004 | 0.58 | 0.63 | +8.62% | +21.15% | 6.45B | 7.06B | +9.43% | +13.64% | +1.1% | |
| Q2 FY2004 | 0.59 | 0.63 | +6.78% | +21.15% | 6.50B | 6.97B | +7.27% | +12.41% | +5.6% | |
| Q1 FY2004 | 0.53 | 0.52 | -1.89% | +20.93% | 6.76B | 6.64B | -1.85% | +16.05% | -2.0% | |
| Q4 FY2003 | 0.53 | 0.55 | +3.77% | +22.22% | 6.48B | 6.73B | +3.92% | -13.77% | +0.1% | |
| Q3 FY2003 | 0.52 | 0.52 | 0.00% | +18.32% | 6.21B | 6.21B | 0.00% | +22.75% | +1.7% | |
| Q2 FY2003 | 0.51 | 0.52 | +1.96% | — | 6.08B | 6.20B | +2.00% | — | -1.3% | |
| Q1 FY2003 | 0.46 | 0.43 | -6.52% | — | 6.09B | 5.72B | -6.12% | — | +2.7% | |
| Q4 FY2002 | 0.42 | 0.45 | +7.14% | +11.50% | — | 7.81B | — | +51.91% | +0.8% | |
| Q3 FY2002 | 0.44 | 0.55 | +24.32% | +24.89% | — | 5.60B | — | +0.39% | -2.8% | |
| Q3 FY2002 | — | 0.44 | — | +0.34% | — | 5.06B | — | -9.27% | +0.7% | |
| Q4 FY2001 | — | 0.43 | — | +4.02% | — | 4.86B | — | +9.41% | +0.1% | |
| Q4 FY2001 | — | 0.40 | — | -2.37% | — | 5.14B | — | +15.72% | +0.3% | |
| Q3 FY2001 | — | 0.44 | — | +32.73% | — | 5.58B | — | +14.24% | -0.0% | |
| Q2 FY2001 | — | 0.40 | — | -18.07% | — | 4.31B | — | -25.75% | -0.4% | |
| Q1 FY2001 | — | 0.41 | — | — | — | 5.96B | — | — | -0.7% | |
| Q4 FY2000 | — | 0.41 | — | -15.63% | — | 4.44B | — | -22.06% | -1.3% | |
| Q3 FY2000 | — | 0.33 | — | — | — | 4.88B | — | — | +0.5% | |
| Q2 FY2000 | — | 0.49 | — | — | — | 5.81B | — | — | +1.6% | |
| Q4 FY1999 | — | 0.49 | — | — | — | 5.70B | — | — | +3.6% | |
| Q4 FY1997 | 0.56 | 0.51 | -8.93% | — | — | — | — | — | -2.0% | |
| Q2 FY1997 | 0.79 | 0.79 | 0.00% | — | — | — | — | — | +2.7% | |
| Q1 FY1997 | 0.45 | 0.52 | +15.56% | — | — | — | — | — | +0.2% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 10.82 | — | — | +9.53% | 64.90B | — | — | +6.28% |
| FY2027 | 9.88 | — | — | +10.91% | 61.06B | — | — | +6.62% |
| FY2026 | 8.90 | — | — | -0.84% | 57.27B | — | — | +3.02% |
| FY2025 | 8.93 | 8.98 | +0.59% | +14.98% | 55.47B | 55.59B | +0.23% | +8.86% |
| FY2024 | 7.54 | 7.81 | +3.60% | +14.68% | 50.44B | 51.07B | +1.26% | +0.12% |
| FY2023 | 6.67 | 6.81 | +2.12% | +11.46% | 46.80B | 51.01B | +9.00% | -1.57% |
| FY2022 | 5.70 | 6.11 | +7.21% | -2.86% | 51.52B | 51.83B | +0.60% | -1.98% |
The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.
Q4 FY2026
What the market is waiting forWhat is the market waiting for in a report? The two to four figures investors watch most in a company's next earnings report, each with the number analysts or the company expect, and after the report, whether it came in.
From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.
Beat recordWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 5.7% off the result, either way, and their revenue estimate 2.6%, over the last 12 quarters.
- EPS beats
- 60 / 99
- Revenue beats
- 51 / 94
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +3.6%
- Since
- April 1997
See also:Forecast,EPS,Income statement
Common questions about Novartis's earnings
Source: Financial Modeling Prep