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Eli Lilly's revenue jumps 47.7%, eyeing $2 trillion valuation with new drug pipeline boost.

Company Fundamentals
02 Oct 2026
24/7 Wall Street
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Bullish
Eli Lilly's revenue jumps 47.7%, eyeing $2 trillion valuation with new drug pipeline boost.

Eli Lilly reported a 47.7% revenue increase to $22.97 billion in Q2 2026, surpassing expectations and raising its full-year revenue guidance to $85-$87 billion. The company’s stock trades near $1,185 with a 24/7 Wall St. price target of $1,401, suggesting an 18% upside. Key drivers include strong sales of GLP-1 drugs like Mounjaro and Zepbound, FDA approval of Onswik insulin, and promising retatrutide trial results. While competition and price declines pose risks, Lilly's rapid growth and pipeline advancements position it as a potential $2 trillion drugmaker in the coming years.

Eli Lilly's market cap on Pluang reached $1.02 trillion as of Oct 02, 2026 20:11 WIB, highlighting its stature near the $2 trillion mark discussed in the article. The stock price stood at USD 1,151.75 with a minimal 1-day change of +0.03%, showing stable investor interest despite the article's noted price target of $1,401. Pluang data also reveals a balanced order activity with 52% Sell and 48% Buy, reflecting a cautious but engaged market for Eli Lilly shares.

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