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Incyte (INCY) R&D spending by quarter

Incyte's R&D spending was $1.8B in Q3 2026 (third quarter 2026), +247% from Q2 2026. Over the last 5 quarters it ranged from $437M (Q1 2025) to $1.8B (Q3 2026).

Incyte R&D spending by quarterIncyte R&D spending by quarter$437MQ1 2025$611MQ4 2025$516MQ1 2026$517MQ2 2026$1.8BQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$1.8B+247%—
Q2 2026$517M+0.2%—
Q1 2026$516M-16%+18%
Q4 2025$611M+40%—
Q1 2025$437M——

Q3 2026 at a glance

Incyte, Q3 2026: revenue $1.6B (+14% year over year), operating margin -45.5%, net loss $785M, operating cash flow −$675M. The chart follows the revenue to costs, profit and cash.

Questions

What is Incyte's R&D spending?

Incyte's R&D spending was $1.8B in Q3 2026 (third quarter 2026), +247% from Q2 2026.

How has Incyte's R&D spending changed?

Over the last 5 quarters it ranged from $437M (Q1 2025) to $1.8B (Q3 2026).

Q3 2026 results → · How Incyte makes money →