Eli Lilly and Co

LLY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Eli Lilly Earnings: Raising Our Fair Value Estimate on Strong Q2 and Higher Margin Expectations

Karen Andersen

Aug 5, 2026

Lilly reported 48% second-quarter revenue growth and 33% non-GAAP EPS growth, which included acquisition charges. Management raised the midpoints of its 2026 guidance to $86 billion in revenue and $36 per share in non-GAAP EPS. Shares rose 5% on Aug. 5.

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Eli Lilly and Co

Eli Lilly Earnings: Raising Our Fair Value Estimate on Strong Q2 and Higher Margin Expectations

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