LLY · 10-Q · 2026Q2 · Full report

Supply Chain Tariff Impact

ELI LILLY & Co · 2026-08-05 · Importance 29 · Surprise 24

The U.S. and other countries have imposed tariffs or reached alignment on tariff measures, although Lilly and pharmaceuticals are exempt from certain current tariffs. Lilly cautions that exemptions may expire, be terminated, or not apply to future tariffs. Additional tariffs or trade restrictions could increase costs, cause supply disruptions or delays, and negatively affect the business, depending on their scope and timing.

Key facts

• The Company stated that while Lilly and pharmaceuticals are exempt from certain tariffs, such exemptions may expire or be terminated and additional restrictions could result in supply disruptions, delays, or increased costs. source