LLY · 10-Q · 2026Q3 · Full report

Supply Chain Tariff Impact

ELI LILLY & Co · 2026-10-29 · Importance 26 · Surprise 24

The U.S. and other countries have imposed or aligned on tariffs, some of which are paused but could take effect quickly and unpredictably. Lilly and pharmaceuticals are exempt from certain tariffs, but the exemptions could expire, be terminated, or fail to cover future tariffs. The filing does not quantify the impact; it says additional restrictions could disrupt or delay supply, increase costs, or otherwise harm the business.

Key facts

• Lilly and pharmaceuticals are exempt from certain tariffs, but exemptions may expire, be terminated, or not apply to future tariffs; additional restrictions could disrupt or delay supply, increase costs, or otherwise negatively affect Lilly's business. source