Elanco raises 2026 outlook as Q2 revenue rises 10% to $1.37 billion
Elanco reported second quarter 2026 revenue of $1.37 billion, up 10% from a year earlier, and reported net income of $54 million, or $0.11 per diluted share, compared with $11 million a year earlier. The company raised its full-year 2026 guidance for revenue, adjusted EBITDA and adjusted EPS, and also gave third-quarter guidance. Shareholders get higher expected full-year results, though the third-quarter revenue and EPS ranges are lower than the second quarter's reported figures.
Key points
- Q2 2026 revenue of $1,368 million, up 10% reported and 8% organic constant currency; adjusted EPS of $0.34, up 31%
- Full-year 2026 guidance raised: revenue $5.09 billion to $5.14 billion, adjusted EBITDA $1.01 billion to $1.035 billion, adjusted EPS $1.10 to $1.16
- Third-quarter 2026 guidance: revenue $1,195 million to $1,220 million, adjusted EBITDA $200 million to $215 million, adjusted EPS $0.19 to $0.22
- Year-end net leverage ratio target improved to approximately 3.0x adjusted EBITDA; the June 30 ratio was 3.1x
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.