Johnson & Johnson shares gain $23 billion in a single day

Johnson & Johnson shares jumped 6.2% on Wednesday, their biggest one-day gain in more than five years, adding $23 billion to its market value in a single day.

These gains came after the company cut its forecast for costs related to new tariffs in half in 2025 and raised its sales and profit forecasts for the full year.

The company reported revenue of $23.74 billion for the quarter ending June 2025, a 5.8% year-over-year increase. Earnings per share were $2.77 for the same period, compared to $2.82 a year earlier.