Eli Lilly's Q3 2022 revenue increased by 2%, driven by a 14% increase in volume, with key growth products representing 70% of revenue. The company saw a strong launch for Mounjaro, with $97.3 million in U.S. revenue. EPS increased by 32% to $1.61 on a reported basis and by 12% to $1.98 on a non-GAAP basis.
Revenue increased by 2%, or 7% on a constant currency basis, driven by volume growth of key products.
Mounjaro launch led to $97.3 million in U.S. revenue and $86.0 million related to a sales collaboration agreement for Japan.
Key growth products grew 19% and represented 70% of revenue, excluding COVID-19 antibodies.
EPS increased 32% to $1.61 on a reported basis and increased 12% to $1.98 on a non-GAAP basis.
The company has updated certain elements of its 2022 financial guidance on both a reported and non-GAAP basis. The company now anticipates 2022 revenue to be between $28.5 billion and $29.0 billion.
Visualization of income flow from segment revenue to net income