Quarterly figures: Boom in weight loss injections continues - Eli Lilly raises forecast
The demand for weight loss and diabetes medications is bringing Eli Lilly strong growth. The US pharmaceutical company is raising its sales forecast for 2026 - and significantly exceeding expectations.
Frankfurt - Eli Lilly, the U.S. pharmaceutical company, has raised its revenue forecast for 2026 due to sustained high demand for its weight loss and diabetes treatment medications. The company now projects sales to range between $85 and $87 billion for the year, up from the previously anticipated $82 to $85 billion. This robust growth is expected to reassure investors that demand for Eli Lilly's weight loss products remains resilient despite pricing pressures and increasing competition in the market.
The company's shares surged by five percent in pre-market trading. In the second quarter, revenue climbed by 48 percent to $23 billion, primarily driven by blockbuster hits Mounjaro and Zepbound for diabetes and weight management, respectively. Net income increased by a quarter to just under $7.1 billion, and adjusted earnings per share reached $8.38, significantly surpassing analysts' expectations of an average $6.01.
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