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Lilly Posts Blowout Quarter as Obesity Drugs Drive Revenue and Push Focus Overseas

Strong sales and late‑stage trial wins suggest global launches and next‑generation drugs could sustain growth even as average prices fall.

Overview

  • Eli Lilly reported a 48% revenue jump to about $23.0 billion in the second quarter, and raised full‑year sales guidance to $85 billion–$87 billion after MOUNJARO and ZEPBOUND together generated roughly $14.9 billion.
  • The company said demand remains strong in the U.S. but is growing fastest outside the U.S., a shift Bank of America highlighted when it flagged international markets as a potential source of larger future sales.
  • Lilly has filed its oral GLP‑1 pill Foundayo in more than 40 countries and plans an overseas rollout in early 2027, a move analysts say could unlock large pools of patients who prefer pills to injections.
  • Lilly reported positive Phase III data for triple‑agonist retatrutide and plans a U.S. regulatory filing in the first quarter of 2027, giving the company a pipeline path to extend its obesity franchise beyond current GLP‑1 drugs.
  • Realized prices fell as access expanded, with company‑wide prices down about 13% and international prices down as much as 36%, a tradeoff that is widening the treated population through programs like Medicare’s GLP‑1 Bridge and prompting Lilly to invest in manufacturing and acquisitions to support higher volume.