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

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

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