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Bristol-Myers Squibb Company (BMY)
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Bristol-Myers Squibb (BMY) AI Stock Analysis

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BMY

Bristol-Myers Squibb

(NYSE:BMY)

Rating:67Neutral
Price Target:
$47.00
▲(2.51% Upside)
Bristol-Myers Squibb's overall stock score of 67 reflects strong financial performance and positive earnings call sentiment, offset by bearish technical indicators and some valuation concerns. The company's ability to manage liabilities and stabilize earnings will be crucial for future performance.
Positive Factors
Financial Performance
Bristol-Myers Squibb reported a meaningful beat on the topline and EPS, with both Growth and Legacy portfolios contributing to the beat.
Future Outlook
Guidance for FY25 revenue was raised by $700 million, indicating strong future performance expectations.
Negative Factors
Clinical Trials
The timeline for Cobenfy’s Alzheimer’s Disease Psychosis trial could be impacted by internal reviews, with top-line data expected later than initially anticipated.
Earnings Quality
Concerns remain around the quality of the earnings beat, particularly the reliance on lower quality items such as legacy products, FX, and stocking.
Revenue Projections
The price target for Bristol-Myers Squibb was lowered from $55 to $53 due to reduced long-term projections for certain drugs.

Bristol-Myers Squibb (BMY) vs. SPDR S&P 500 ETF (SPY)

Bristol-Myers Squibb Business Overview & Revenue Model

Company DescriptionBristol-Myers Squibb Company discovers, develops, licenses, manufactures, and markets biopharmaceutical products worldwide. It offers products for hematology, oncology, cardiovascular, immunology, fibrotic, neuroscience, and covid-19 diseases. The company's products include Revlimid, an oral immunomodulatory drug for the treatment of multiple myeloma; Eliquis, an oral inhibitor for reduction in risk of stroke/systemic embolism in NVAF, and for the treatment of DVT/PE; Opdivo for anti-cancer indications; Pomalyst/Imnovid indicated for patients with multiple myeloma; and Orencia for adult patients with active RA and psoriatic arthritis. It also provides Sprycel for the treatment of Philadelphia chromosome-positive chronic myeloid leukemia; Yervoy for the treatment of patients with unresectable or metastatic melanoma; Abraxane, a protein-bound chemotherapy product; Reblozyl for the treatment of anemia in adult patients with beta thalassemia; and Empliciti for the treatment of multiple myeloma. In addition, the company offers Zeposia to treat relapsing forms of multiple sclerosis; Breyanzi, a CD19-directed genetically modified autologous T cell immunotherapy for the treatment of adult patients with relapsed or refractory large B-cell lymphoma; Inrebic, an oral kinase inhibitor indicated for the treatment of adult patients with myelofibrosis; and Onureg for the treatment of adult patients with AML. It sells products to wholesalers, distributors, pharmacies, retailers, hospitals, clinics, and government agencies. The company was formerly known as Bristol-Myers Company. The company was founded in 1887 and is headquartered in New York, New York.
How the Company Makes MoneyBristol-Myers Squibb generates revenue primarily through the sale of its pharmaceutical products. The company's revenue model is centered around the development, marketing, and distribution of prescription medicines that address areas with significant unmet medical needs. Key revenue streams include its blockbuster drugs in oncology, such as Opdivo and Yervoy, which are used in cancer treatment, and Eliquis, a leading anticoagulant. Additionally, the company invests heavily in research and development to expand its pipeline of potential new medicines. Partnerships and collaborations with other pharmaceutical companies and research institutions also play a significant role in BMY's revenue generation, enhancing its capabilities in drug discovery and commercialization. Furthermore, strategic acquisitions and alliances help Bristol-Myers Squibb maintain a competitive edge in the biopharmaceutical industry.

Bristol-Myers Squibb Key Performance Indicators (KPIs)

Any
Any
Revenue by Segment
Revenue by Segment
Analyzes revenue from different business segments, highlighting which areas drive growth and profitability, and indicating how well the company diversifies its income streams.
Chart InsightsBristol-Myers Squibb's 'Other' segment saw a significant surge in late 2024, likely driven by strategic initiatives, while 'Product' revenues remain robust with a slight dip in early 2025. The earnings call highlights strong Q1 performance and increased revenue guidance, suggesting confidence in key products despite regulatory and trial challenges. The focus on cost management and operational efficiency, with expected savings, indicates a strategic shift to bolster margins and sustain growth amid external pressures.
Data provided by:Main Street Data

Bristol-Myers Squibb Earnings Call Summary

Earnings Call Date:Aug 01, 2025
(Q2-2025)
|
% Change Since: 5.86%|
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong performance in the growth portfolio and raised revenue guidance, demonstrating confidence in the company's strategic direction. However, unmet expectations in certain Phase III trials and the decline of the legacy portfolio were noted as challenges.
Q2-2025 Updates
Positive Updates
Strong Growth Portfolio Performance
Sales increased 17% year-over-year, driven by demand across key brands such as Opdivo, Breyanzi, Reblozyl, and Camzyos.
Rising Revenue Guidance
Full-year reported revenue guidance increased by $700 million, now projected between $46.5 billion to $47.5 billion.
Regulatory Progress
Secured approval for Opdivo in neoadjuvant lung cancer and Qvantig across multiple solid tumor indications in Europe. The FDA streamlined patient monitoring for cell therapies in the U.S.
Strategic Partnerships
Partnerships with BioNTech and Philochem to expand immuno-oncology and radiopharmaceutical capabilities, respectively.
Camzyos Growth
Camzyos sales grew 86% due to robust demand, with $260 million in global sales.
Negative Updates
Unmet Expectations in Phase III Trials
Some Phase III trials did not meet expected outcomes, impacting the company's growth trajectory.
Legacy Portfolio Decline
Legacy portfolio expected to decline by 15% to 17% for the year, despite a more moderate rate than previously anticipated.
Company Guidance
During Bristol-Myers Squibb's second quarter 2025 earnings call, the company announced strong financial performance, with total revenue reaching approximately $12.3 billion, representing a 17% year-over-year increase in sales driven by demand across key brands. The company raised its full-year revenue guidance by $700 million, projecting between $46.5 billion and $47.5 billion. Opdivo sales reached $2.6 billion, and the launch of Qvantig in the U.S. generated $30 million in sales. The growth portfolio, including products like Breyanzi and Camzyos, contributed significantly. The company also highlighted strategic partnerships with BioNTech and Philochem, raising top-line and bottom-line guidance, excluding acquired IP R&D charges. Gross margins were approximately 73% for the quarter, and they maintained a strong cash position with $13.9 billion in cash and cash equivalents. The company emphasized its commitment to strategic capital deployment and productivity initiatives as it continues to focus on long-term sustainable growth.

Bristol-Myers Squibb Financial Statement Overview

Summary
Bristol-Myers Squibb demonstrates resilient financial performance with significant strengths in cash flow generation and gross profitability. However, net income variability and increased leverage pose potential risks. Continued focus on stabilizing earnings and managing liabilities will be crucial for sustained financial health.
Income Statement
72
Positive
The income statement reveals a stable performance with gross profit margins consistently strong around 70%. However, the net profit margin has fluctuated significantly, with a notable loss in 2024. Revenue growth has been stable, with a slight decline in recent periods. The EBIT and EBITDA margins are solid for the TTM, reflecting efficient cost management despite earlier fluctuations.
Balance Sheet
65
Positive
The balance sheet shows a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The equity ratio has decreased over time, suggesting an increase in liabilities relative to assets. Return on equity has varied, impacted by fluctuating net income, with a recent improvement in profitability contributing positively.
Cash Flow
75
Positive
Cash flow analysis is favorable, with strong and improving free cash flow, highlighting efficient cash generation. The operating cash flow to net income ratio indicates robust cash conversion efficiency, although historical net income volatility presents some risk. Free cash flow growth is positive, supporting a strong cash position.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue47.64B48.30B45.01B46.16B46.38B42.52B
Gross Profit28.18B27.43B25.36B26.49B26.76B21.70B
EBITDA16.20B3.17B19.37B19.22B20.12B4.93B
Net Income5.42B-8.95B8.03B6.33B6.99B-8.99B
Balance Sheet
Total Assets92.43B92.60B95.16B96.82B109.31B118.48B
Cash, Cash Equivalents and Short-Term Investments11.78B10.86B12.28B9.25B17.22B16.45B
Total Debt51.24B51.20B41.46B40.72B45.60B51.67B
Total Liabilities74.98B76.22B65.67B65.70B73.31B80.60B
Stockholders Equity17.39B16.34B29.43B31.06B35.95B37.82B
Cash Flow
Free Cash Flow13.09B13.94B12.65B11.95B15.23B13.30B
Operating Cash Flow14.31B15.19B13.86B13.07B16.21B14.05B
Investing Cash Flow-2.23B-21.35B-2.29B-1.06B-538.00M-10.86B
Financing Cash Flow-10.51B5.13B-9.42B-16.96B-16.22B-1.15B

Bristol-Myers Squibb Technical Analysis

Technical Analysis Sentiment
Negative
Last Price45.85
Price Trends
50DMA
47.11
Negative
100DMA
49.38
Negative
200DMA
52.40
Negative
Market Momentum
MACD
-0.52
Positive
RSI
45.96
Neutral
STOCH
34.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BMY, the sentiment is Negative. The current price of 45.85 is below the 20-day moving average (MA) of 46.98, below the 50-day MA of 47.11, and below the 200-day MA of 52.40, indicating a bearish trend. The MACD of -0.52 indicates Positive momentum. The RSI at 45.96 is Neutral, neither overbought nor oversold. The STOCH value of 34.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BMY.

Bristol-Myers Squibb Risk Analysis

Bristol-Myers Squibb disclosed 23 risk factors in its most recent earnings report. Bristol-Myers Squibb reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Bristol-Myers Squibb Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
$199.10B12.2239.31%4.04%2.01%
74
Outperform
$74.84B17.2923.04%4.27%3.46%-13.29%
73
Outperform
$0.0011.958.39%4.62%-9.32%120.62%
71
Outperform
$139.89B24.0832.51%2.77%4.63%1144.01%
67
Neutral
$0.0018.3229.31%5.37%2.57%
66
Neutral
$140.71B12.5112.16%6.91%13.38%
51
Neutral
$7.38B0.52-67.26%2.36%16.67%-0.20%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BMY
Bristol-Myers Squibb
45.85
1.44
3.24%
GILD
Gilead Sciences
112.46
40.77
56.87%
GSK
GlaxoSmithKline
37.32
-0.42
-1.11%
MRK
Merck & Company
80.79
-28.03
-25.76%
PFE
Pfizer
24.75
-2.21
-8.20%
SNY
Sanofi
47.84
-2.36
-4.70%

Bristol-Myers Squibb Corporate Events

Business Operations and StrategyFinancial Disclosures
Bristol-Myers Squibb Q2 2025 Financial Results Released
Positive
Jul 31, 2025

On July 31, 2025, Bristol Myers Squibb reported its financial results for the second quarter of 2025, highlighting a total revenue of $12.3 billion, a 1% increase from the previous year. The company’s Growth Portfolio revenues rose by 18%, driven by strong performances in its immuno-oncology products, while the Legacy Portfolio saw a decline due to generic competition and Medicare Part D impacts. The company raised its 2025 revenue guidance and emphasized its focus on advancing transformational medicines and pipeline opportunities to sustain long-term growth.

The most recent analyst rating on (BMY) stock is a Buy with a $64.00 price target. To see the full list of analyst forecasts on Bristol-Myers Squibb stock, see the BMY Stock Forecast page.

Executive/Board Changes
Bristol-Myers Squibb Appoints New Chief Medical Officer
Neutral
Jul 25, 2025

On July 25, 2025, Bristol Myers Squibb announced the departure of Dr. Samit Hirawat, the Chief Medical Officer and Head of Development, effective November 1, 2025. Dr. Hirawat will transition to an advisory role starting August 1, 2025, and will receive severance benefits and prorated incentives. Concurrently, Dr. Cristian Massacesi will join the company as the new Executive Vice President, Chief Medical Officer, and Head of Development, effective August 1, 2025. Dr. Massacesi brings extensive experience from his previous roles at AstraZeneca and Alexion, and his appointment is expected to bolster Bristol Myers Squibb’s efforts in advancing its product pipeline and achieving regulatory approvals.

The most recent analyst rating on (BMY) stock is a Buy with a $64.00 price target. To see the full list of analyst forecasts on Bristol-Myers Squibb stock, see the BMY Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Bristol-Myers Squibb Holds Annual Shareholder Meeting 2025
Neutral
May 7, 2025

On May 6, 2025, Bristol-Myers Squibb held its Annual Meeting, where shareholders elected 11 directors to serve until the 2026 meeting. Key decisions included the approval of executive compensation and the ratification of Deloitte & Touche LLP as the independent accounting firm for 2025. However, shareholder proposals on Corporate Financial Sustainability and ceasing DEI efforts were not approved.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 01, 2025