Analyst Consensus ?
ConsensusHold46 ratings
Bullish2247.8%
Neutral2043.5%
Bearish48.7%
Teva Pharmaceutical Industries Limited · TEVA · FY2026 Q1 · Calendar Q2 2026
Teva beats Q1 estimates as innovative brands offset generic weakness
Teva's Q1 result and maintained 2026 outlook support the view that its shift toward innovative medicines and biosimilars is progressing. Whether that translates into durable growth depends on offsetting generic declines and executing planned launches and pipeline milestones.
Reported Before market openNYSEHealthcare
$48.84B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.53
Consensus $0.50
EPS surprise
+6.0%
Reported versus consensus
Reported revenue
$3.98B
Consensus $3.79B
Revenue surprise
+5.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+11.9%
Event window
SPY move
-0.0%
Same window
Abnormal move
+11.9%
Stock minus SPY
Volume
4.7×
Versus trailing sessions
Subsequent drift
-2.4%
Up to 20 sessions
TEVASPY benchmark
Ask FN2 about TEVA FY2026 Q1
Transcript, numbers and history already loaded
Why did TEVA rise 11.9% after beating EPS estimates in FY2026 Q1?What changed in TEVA's guidance and outlook in FY2026 Q1?Give me the bull and bear case for TEVA after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The Q1 analysis highlights a $700 million Emalex acquisition adding ecopipam, planned for launch in 2027 subject to regulatory approval. Management maintained 2026 guidance, consistent with the prior-quarter analysis. Reported Q1 revenue and EPS exceeded the stated consensus estimates; the event-session share move was positive, followed by a modest negative subsequent drift.
Guidance delta
Maintained; no change to 2026 guidance was reported in the analysis.
Key takeaways
- Q1 revenue was $3.982 billion versus $3.787 billion estimated, and EPS was $0.53 versus $0.50 estimated.
- The innovative portfolio grew 41%, while generics declined, according to the call analysis.
- The analysis says 2026 guidance was maintained and identifies margin expansion and biosimilars as parts of the strategic transition.
- The Emalex acquisition adds ecopipam; management expects a 2027 launch, subject to regulatory approval.
Management priorities
- Grow innovative products including AUSTEDO, UZEDY and AJOVY.
- Advance ecopipam and olanzapine LAI toward planned launches, subject to regulatory approvals.
- Continue biosimilar launches in Europe and the United States.
- Pursue the $700 million cost-savings target by 2027 and maintain a focus on capital allocation.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$41.91Previous close
$10Low
$35.95Average
$50High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Nov 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Oct 15, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 12, 2026 |
| UBS | Buy | Buy | Maintain | Sep 4, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 28, 2026 |
| Truist Securities | Buy | Buy | Maintain | Apr 30, 2026 |
| B of A Securities | Buy | Buy | Maintain | Apr 9, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 9, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Jan 29, 2026 |
| Jefferies | Buy | Buy | Maintain | Jan 6, 2026 |
| Evercore ISI Group | Outperform | In Line | Upgrade | May 18, 2023 |
| BMO Capital | Market Perform | Market Perform | Maintain | Nov 7, 2022 |
| Argus Research | Hold | Buy | Downgrade | Jan 27, 2022 |
| Raymond James | Market Perform | Outperform | Downgrade | Oct 28, 2021 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 29, 2021 |
| SVB Leerink | Market Perform | Market Perform | Maintain | Aug 6, 2020 |
| SunTrust Robinson Humphrey | Buy | Hold | Upgrade | Jun 1, 2020 |
| Morgan Stanley | Underweight | Underweight | Maintain | Apr 2, 2020 |
| Oppenheimer | Outperform | Outperform | Maintain | Feb 13, 2020 |
| CFRA | Hold | Hold | Maintain | Feb 12, 2020 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Feb 12, 2020 |
| PiperJaffray | Neutral | Neutral | Maintain | Nov 8, 2019 |
| Gabelli & Co. | Buy | Hold | Upgrade | Oct 17, 2019 |
| Bank of America | Underperform | Buy | Downgrade | May 30, 2019 |
| Citigroup | Buy | Buy | Maintain | Apr 11, 2019 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 14, 2019 |
| Leerink Swann | Market Perform | Underperform | Upgrade | Oct 1, 2018 |
| Mizuho | Buy | Buy | Maintain | Sep 17, 2018 |
| BTIG Research | Neutral | Sell | Upgrade | Sep 17, 2018 |
| BTIG | Neutral | Sell | Upgrade | Sep 17, 2018 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Deutsche Bank | Hold | Hold | Maintain | Feb 9, 2018 |
| JMP Securities | Underperform | Underperform | Maintain | Sep 6, 2017 |
| RBC Capital | Underperform | Outperform | Downgrade | Aug 4, 2017 |
| Cowen & Co. | Market Perform | Outperform | Downgrade | Aug 4, 2017 |
| Bernstein | Market Perform | Outperform | Downgrade | Aug 4, 2017 |
| HSBC | Hold | Buy | Downgrade | Nov 4, 2016 |
| Guggenheim | Buy | Neutral | Upgrade | Dec 4, 2015 |
| Standpoint Research | Buy | Buy | Maintain | Jul 27, 2015 |
| CRT Capital | Buy | Buy | Maintain | Mar 31, 2015 |
| Canaccord Genuity | Hold | Hold | Maintain | Mar 30, 2015 |
| Sterne Agee | Buy | Neutral | Upgrade | Dec 12, 2014 |
| Standpoint | Buy | Hold | Upgrade | Oct 14, 2014 |
| Susquehanna | Positive | Neutral | Upgrade | Nov 20, 2013 |
| Buckingham Research | Neutral | Buy | Downgrade | Nov 30, 2012 |
| Needham | Hold | Strong Buy | Downgrade | May 10, 2012 |
| Clal Finance | Market Perform | Market Perform | Maintain | Mar 12, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $41.91. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Glen Santangelo | $47 | $40.72 | +12.1% | Oct 15, 2026 |
| Raymond James | Analyst unavailable | $50 | $41.1 | +19.3% | Oct 12, 2026 |
| Oppenheimer | Les Sulewski | $50 | $39.52 | +19.3% | Sep 23, 2026 |
| Leerink Partners | Analyst unavailable | $45 | $36.76 | +7.4% | Sep 9, 2026 |
| UBS | Ashwani Verma | $48 | $36.62 | +14.5% | Sep 4, 2026 |
| Barclays | Analyst unavailable | $42 | $36.48 | +0.2% | Aug 12, 2026 |
| Piper Sandler | David Amsellem | $44 | $31.08 | +5.0% | Jul 28, 2026 |
| Barclays | Analyst unavailable | $40 | $35.86 | -4.6% | May 6, 2026 |
| Piper Sandler | Analyst unavailable | $42 | $35.38 | +0.2% | Apr 30, 2026 |
| UBS | Analyst unavailable | $42 | $35.38 | +0.2% | Apr 30, 2026 |
| Piper Sandler | David Amsellem | $41 | $32.64 | -2.2% | Mar 4, 2026 |
| Barclays | Glen Santangelo | $38 | $33.07 | -9.3% | Jan 30, 2026 |
| Scotiabank | Analyst unavailable | $40 | $32.9 | -4.6% | Jan 29, 2026 |
| Truist Financial | Analyst unavailable | $36 | $32.11 | -14.1% | Jan 7, 2026 |
| Jefferies | Analyst unavailable | $40 | $31 | -4.6% | Jan 6, 2026 |
| Piper Sandler | Analyst unavailable | $40 | $30.35 | -4.6% | Dec 22, 2025 |
| Goldman Sachs | Analyst unavailable | $35 | $30.06 | -16.5% | Dec 18, 2025 |
| Barclays | Analyst unavailable | $35 | $28.33 | -16.5% | Dec 8, 2025 |
| Scotiabank | Analyst unavailable | $35 | $28.41 | -16.5% | Dec 4, 2025 |
| Goldman Sachs | Matt Dellatorre | $28 | $24.4 | -33.2% | Nov 6, 2025 |
| UBS | Ashwani Verma | $28 | $21.2 | -33.2% | Dec 18, 2024 |
| Barclays | Balaji Prasad | $28 | $21.2 | -33.2% | Dec 18, 2024 |
| Barclays | Balaji Prasad | $25 | $18.38 | -40.3% | Oct 23, 2024 |
| Bank of America Securities | Jason Gerberry | $22 | $17.75 | -47.5% | Oct 1, 2024 |
| UBS | Ashwani Verma | $26 | $18.42 | -38.0% | Sep 3, 2024 |
| Piper Sandler | David Amsellem | $23 | $18.62 | -45.1% | Aug 28, 2024 |
| Barclays | Balaji Prasad | $22 | $17.43 | -47.5% | Aug 1, 2024 |
| Argus Research | Jasper Hellweg | $20 | $15.81 | -52.3% | Jul 10, 2024 |
| UBS | Ashwani Verma | $24 | $15.81 | -42.7% | Jul 10, 2024 |
| Barclays | Balaji Prasad | $21 | $16.63 | -49.9% | Jun 5, 2024 |
| Barclays | Balaji Prasad | $20 | $16.76 | -52.3% | May 23, 2024 |
| Piper Sandler | David Amsellem | $20 | $16.9 | -52.3% | May 13, 2024 |
| Piper Sandler | David Amsellem | $19 | $12.01 | -54.7% | Feb 12, 2024 |
| Jefferies | Glen Santangelo | $14 | $11.99 | -66.6% | Jan 23, 2024 |
| J.P. Morgan | Analyst unavailable | $10 | $9.48 | -76.1% | Nov 14, 2022 |
| UBS | Ashwani Verma | $10 | $7.89 | -76.1% | Jun 13, 2022 |
| Piper Sandler | Analyst unavailable | $7 | $8.6 | -83.3% | May 4, 2022 |
| Barclays | Balaji Prasad | $13 | $9.79 | -69.0% | Apr 20, 2022 |
Track every rating change on TEVA the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTeva Pharmaceutical Industries Limited functions as a global pharmaceutical enterprise, involved in the conception, manufacturing, marketing, and provision of a broad spectrum of generic, specialty, and biopharmaceutical products throughout North America, Europe, and various international markets. The company's diverse product range includes sterile items, hormones, potent drugs, and cytotoxic agents, available in numerous forms like tablets, capsules, injectable solutions, inhalable preparations, liquids, transdermal patches, topical ointments, and creams. Additionally, Teva develops, produces, and sells active pharmaceutical ingredients (APIs). The firm prioritizes several key therapeutic domains: central nervous system disorders, pain management, respiratory ailments, and oncology.…
Historical context
All TEVA earningsHealthcare peers this season
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|---|---|---|---|---|
| BNTX BioNTech SE | FY2026 Q3 · Calendar Q4 2026 | +168.2% | -0.7% | BioNTech lifts 2026 revenue outlook as oncology pipeline advances |
| PFE Pfizer Inc. | FY2026 Q3 · Calendar Q4 2026 | +18.4% | -2.2% | Pfizer raises 2026 revenue outlook as acquired portfolio expands |
| FMS Fresenius Medical Care AG & Co. KGaA | FY2026 Q3 · Calendar Q4 2026 | -1.7% | -3.9% | Fresenius Medical Care: Q3 stability meets a lower 2026 outlook |
| RVTY Revvity, Inc. | FY2026 Q3 · Calendar Q4 2026 | +6.2% | +7.8% | Revvity raises FY2026 outlook after 7% organic Q3 growth |
| WAT Waters Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.5% | +2.3% | Waters posts double-digit organic growth, raises FY2026 revenue outlook |
| HSIC Henry Schein, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.7% | -4.8% | Henry Schein Raises FY2026 EPS Outlook After Volume-Led Dental Growth |
Latest beats and misses
Who reports nextBeat on EPS
- FTSFY2026 Q3 · November 3, 2026+4.8% EPS+0.7% move
- MPLXFY2026 Q3 · November 3, 2026+1.8% EPS-2.4% move
- AMEFY2026 Q3 · November 3, 2026+4.7% EPS+2.8% move
- BALLFY2026 Q3 · November 3, 2026+2.8% EPS-7.1% move
- RACEFY2026 Q3 · November 3, 2026+5.6% EPS+2.9% move
- MPCFY2026 Q3 · November 3, 2026+6.1% EPS-0.7% move
Missed on EPS
- TLNFY2026 Q3 · November 3, 2026-65.4% EPS+7.3% move
- APOSFY2026 Q3 · November 3, 2026-5.5% EPS-0.5% move
- TRIFY2026 Q3 · November 3, 2026-9.0% EPS-9.9% move
- APOFY2026 Q3 · November 3, 2026-5.5% EPS-4.9% move
- FMSFY2026 Q3 · November 3, 2026-1.7% EPS-3.9% move
- PSFY2026 Q3 · November 2, 2026-1.5% EPS+0.1% move
Get the TEVA recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-04T11:00:45.379761+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T11:00:45.376815+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.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
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 2026-11-04. For educational purposes only; not investment advice.