Analyst Consensus ?
ConsensusBuy6 ratings
Bullish583.3%
Neutral116.7%
Bearish00.0%
Takeda Pharmaceutical Company Limited · TAK · FY2025 Q4 · Calendar Q2 2026
Takeda Maintains FY26 Outlook as It Prepares Three Launches
Takeda's growth case depends on turning late-stage pipeline progress into launches while cost savings offset continued erosion in mature products. The call supports the opportunity through three planned launches and a transformation program, but launch execution, competition, and pricing remain material uncertainties.
Reported Before market openNYSEHealthcare
$66.68B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-0.05
Consensus $0.21
EPS surprise
-123.4%
Reported versus consensus
Reported revenue
$6.92B
Consensus $7.14B
Revenue surprise
-3.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.3%
Event window
SPY move
+0.6%
Same window
Abnormal move
+0.8%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
-4.6%
Up to 20 sessions
TAKSPY benchmark
Ask FN2 about TAK FY2025 Q4
Transcript, numbers and history already loaded
Why did TAK rise 1.3% after missing EPS estimates in FY2025 Q4?What changed in TAK's guidance and outlook in FY2025 Q4?Give me the bull and bear case for TAK after FY2025 Q4 earnings.
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Transcript intelligence
What changed
Management described FY25 as solid despite VYVANSE generic erosion and maintained FY26 guidance. It emphasized planned launches for oveporexton and rusfertide in H2 2026 and zasocitinib beginning in early 2027, alongside a transformation program targeting JPY 100 billion in FY26 savings.
Guidance delta
Maintained FY26 guidance: low-single-digit revenue decline, core operating profit down 5–8%, and stable free cash flow, according to the supplied call analysis.
Key takeaways
- Management cited cost discipline as a support amid VYVANSE generic erosion and pressure on mature brands.
- Oveporexton and rusfertide are planned for U.S. launch in H2 2026; zasocitinib is planned for psoriasis in early 2027 and psoriatic arthritis in FY27.
- The transformation program is expected by management to generate JPY 100 billion in savings in FY26.
- The stated outlook still includes lower revenue and core operating profit, so pipeline progress does not remove near-term operating pressure.
Management priorities
- Prepare the planned launches of oveporexton, rusfertide and zasocitinib.
- Advance late-stage pipeline programs and indication expansions.
- Deliver transformation savings while continuing investment in growth and R&D.
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Outperform | Outperform | Maintain | May 16, 2023 |
| B of A Securities | Buy | Neutral | Upgrade | Mar 16, 2023 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Jul 19, 2022 |
| Morgan Stanley | Equal Weight | Overweight | Downgrade | Oct 7, 2021 |
| JP Morgan | Overweight | Overweight | Maintain | Mar 11, 2020 |
| Jefferies | Buy | Buy | Maintain | Sep 24, 2019 |
Track every rating change on TAK the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTakeda Pharmaceutical Company Limited is a prominent global biopharmaceutical entity dedicated to the discovery, development, manufacturing, commercialization, and out-licensing of pharmaceutical products. The company's operations extend across a vast international footprint, encompassing Japan, the United States, Europe, Canada, Latin America, Russia, and numerous other Asian and worldwide markets. Its extensive portfolio of medicines targets critical therapeutic areas, including digestive disorders (gastroenterology), rare diseases, plasma-derived treatments, cancer care (oncology), and neurological conditions.…
Historical context
All TAK earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| IDXX IDEXX Laboratories, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +19.5% | IDEXX raises 2026 outlook as diagnostics, placements and software support growth |
| AXSM Axsome Therapeutics, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -14.0% | Axsome reports Q3 growth led by AUVELITY; pipeline advances |
| TEM Tempus AI, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +9.5% | Tempus pairs Q3 growth with new partnerships and execution risks |
| SNY Sanofi | FY2026 Q3 · Calendar Q4 2026 | +30.8% | +2.8% | Sanofi lifts 2026 outlook as Dupixent and launches drive Q3 growth |
| AZN AstraZeneca PLC | FY2026 Q3 · Calendar Q4 2026 | +7.3% | +7.0% | AstraZeneca pairs solid growth with pipeline investment and restructuring |
| BTSG BrightSpring Health Services, Inc. Common Stock | FY2026 Q3 · Calendar Q4 2026 | +14.2% | +11.1% | BrightSpring posts strong Q3 growth while maintaining guidance |
Latest beats and misses
Who reports nextBeat on EPS
- CUBEFY2026 Q3 · October 29, 2026+2.3% EPS+4.0% move
- SNYFY2026 Q3 · October 30, 2026+30.8% EPS+2.8% move
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- PINSFY2026 Q3 · October 29, 2026-5.4% EPS-2.8% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the TAK recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-07-30T11:05:30.605655+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-03T02:50:48.022786+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-03. For educational purposes only; not investment advice.