AbbVie 8-K
NegativeEarningsGuidance loweredImpairment / charge
Acquired IPR&D and milestone costs drive cuts to Q2 and FY2026 adjusted EPS guidance.
Filed 2026-07-06 16:12 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Preliminary Q2 2026 acquired IPR&D expense and updated adjusted EPS guidance. AbbVie expects the expense to reduce Q2 GAAP and adjusted diluted EPS by $0.17; results remain subject to closing procedures. Including the expense, the company lowered its Q2 and FY2026 adjusted diluted EPS ranges by $0.17 per share.
Key Figures
- Q2 acquired IPR&D and milestones expense: $291M pretax, with an unfavorable $0.17 impact on both GAAP and adjusted non-GAAP diluted EPS.
- FY2026 acquired IPR&D and milestones expense included in the guidance: $1.035B, including $744M previously announced and the $291M Q2 expense.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Adjusted diluted EPS, non-GAAP | Q2 2026 | $3.57-$3.61 | $3.74-$3.78 | Lowered |
| Adjusted diluted EPS, non-GAAP | FY2026 | $13.91-$14.11 | $14.08-$14.28 | Lowered |
Investor Takeaways
- Final Q2 results will confirm whether the preliminary expense estimate and its EPS impact hold.
- FY2026 adjusted EPS guidance excludes acquired IPR&D and milestones expense that may occur after Q2, which AbbVie says it cannot reliably forecast.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3