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flag Pfizer cuts 2026 profit forecast due to falling COVID sales, patent losses, and Medicaid cuts.

flag Pfizer lowered its 2026 profit forecast due to declining COVID-19 product sales, patent expirations, and U.S. Medicaid pricing cuts, projecting adjusted earnings of $2.80 to $3.00 per share, below the $3.05 expected by analysts. flag Revenue is expected to range from $59.5 billion to $62.5 billion, slightly below forecasts. flag A $1.5 billion drop in COVID-related revenue and another $1.5 billion from lost exclusivity will weigh on results. flag The company expects 4% operational growth excluding affected products, plans to save over $7 billion annually by 2027 through cost cuts, and aims to return to revenue growth by 2029–2030 via acquisitions, new drugs, and R&D investments.

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