Wed, August 5, 2026 at 1:53 PM UTC
What happened:Eli Lilly (LLY)Â stock jumped as much as 7% on Wednesday
What’s behind the move:The drug company raised its 2026 sales forecast after it saw strong demand for GLP-1 drugs in its fiscal second quarter
Revenue is now expected to fall between $85 billion and $87 billion for the year, topping an earlier forecast of up to $85 billion
Adjusted earnings for the second quarter also beat Wall Street estimates
What else you need to know:Eli Lilly’s GLP-1 business has been the growth engine of the drug company, benefiting from several tailwinds since the start of the year, including the FDA’s approval of Foundayo, the pill version of its <a href="https://healthylife7.com/this-smoothie-recipe-for-weight-loss-keeps-you-full-for-5-hours/” title=”This Smoothie Recipe for Weight Loss Keeps You Full for 5 Hours”>weight-loss drug, earlier this year
The company is also developing next-generation weight-loss medicine retatrutide. It has clinical data in hand and plans to file for FDA approval in the first quarter of next year
Shares of the drugmaker have rebounded from a first-quarter slump, with the stock climbing more than 40% since the end of April and gaining 3% year to date
Ines is a markets reporter covering equities. Follow her on X at@ines_ferre
Click here for the latest trending stock tickers of the Yahoo Finance platform
