LLY · 10-Q · 2026Q2 · Full report

Supply Chain Tariff Impact

ELI LILLY & Co · 2026-08-05 · Importance 37 · Surprise 42

The U.S. and other countries have imposed or aligned on tariffs, although Lilly and pharmaceuticals are exempt from some measures. Those exemptions could expire, be terminated, or fail to cover future tariffs, and the ultimate effect depends on scope and timing. Additional tariffs or trade restrictions could disrupt or delay supply, increase costs, and negatively affect Lilly’s business.