FINWIRES · TerminalLIVE
FINWIRES

Eli Lilly's Incretin Performance Supports Long-Term Growth, Truist Says

By

Eli Lilly and Company's (LLY) strong incretin performance supports its long-term growth outlook, though pricing dynamics and one-off events could temper revenue growth in the second half of 2026, Truist said in a Thursday note.

The brokerage said Lilly's commercial contracting strategy should continue allowing pricing concessions that are more than offset by volume gains.

It also said the US incretin portfolio still has room to grow, supported by the Medicare Bridge program, expanded formulary access through CVS Caremark and increased direct-to-consumer marketing.

Truist expects Lilly's 2026 revenue to reach $87.3 billion, above the company's $85 billion to $87 billion guidance range.

The investment firm said Lilly's full-year guidance appears conservative given strong second-quarter incretin volume growth and initiatives including broader commercial coverage, Medicare expansion and international market penetration.

Truist reiterated its buy rating on the stock and raised its price target to $1,376 from $1,370.

Price: $1187.15, Change: $+17.29, Percent Change: +1.48%

Related Articles

Wire

Cirrus Logic Fiscal Q1 Adjusted Earnings, Revenue Rise

Cirrus Logic (CRUS) reported fiscal Q1 adjusted earnings late Wednesday of $1.84 per diluted share, up from $1.51 a year earlier.Analysts polled by FactSet expected $1.81.Revenue in the three months ended June 27 rose to $459.7 million from $407.3 million a year ago.Four analysts expected $460.3 million.The company expects fiscal Q2 revenue of $510 million to $570 million. Analysts project $570.1 million.Cirrus Logic shares fell 3.4% in after-hours trading.

$CRUS
Wire

Tenaris Q2 Earnings, Revenue Fall

Tenaris (TS) reported Q2 earnings late Wednesday of $0.95 per American depository share, down from $0.99 a year earlier.Four analysts polled by FactSet expected $0.83.Revenue in the three months ended June 30 fell to $2.97 billion from $3.09 billion a year earlier.Analysts expected $2.93 billion.Tenaris shares fell 5.5% in after-hours trading.

$TS
Wire

Block Q2 Adjusted Earnings, Revenue Rise

Block (XYZ) reported Q2 adjusted earnings late Wednesday of $1.02 per diluted share, up from $0.62 a year earlier.Analysts polled by FactSet expected $0.87.Revenue in the three months ended June 30 rose to $6.62 billion from $6.05 billion a year earlier.Analysts projected $6.47 billion.Block expects Q3 adjusted diluted EPS of $1.02. Analysts project $1.01.The company increased full-year adjusted EPS guidance to $4.02 from the prior outlook of $3.85. Analysts project $3.90.Block shares fell 1.7% in after-hours trading.

$XYZ