earnings
confidence high
sentiment positive
materiality 0.85
Lilly Q2 revenue up 36% to $11.3B, raises FY revenue guidance by $3B
ELI LILLY & Co
2024-Q2 EPS reported
$5.76
revenue$20,070,800,000
- Q2 revenue $11.30B (+36% YoY); reported EPS $3.28 (+68%), non-GAAP EPS $3.92 (+86%).
- FY revenue guidance raised $3B; reported EPS raised $2.05 to $15.10-15.60; non-GAAP EPS raised $2.60 to $16.10-16.60.
- Growth driven by Mounjaro, Zepbound, and Verzenio; non-incretin revenue up 17% ex-Baqsimi rights sale.
- Pipeline: FDA approval of Kisunla for Alzheimer's; tirzepatide submissions for sleep apnea; positive SUMMIT and QWINT trials.
- Announced agreement to acquire Morphic Holding for oral integrin therapies; $5.3B manufacturing investment in Indiana.