LLY · 8-K · 20261029PR000104

Guidance and Outlook

ELI LILLY & Co · 2026-10-29 · Importance 80 · Surprise 68

Lilly raised its 2026 revenue guidance range to $91–$92 billion from $85–$87 billion, a $5.5 billion increase at the midpoint. Performance margin guidance increased to 52.0%–52.5% from 49.0%–50.5%, while the tax-rate range rose to 19%–20% from 18%–19%. EPS guidance was updated to $35.00–$36.00; the $4.07 midpoint increase in underlying guidance was more than offset by $4.57 per share of Q3 acquired IPR&D charges. Guidance excludes acquired IPR&D incurred after September 30, 2026, and assumes exchange rates of 1.13 euros, 157 yen, and 6.7 yuan.