Pfizer trims 2026 profit forecast amid Covid headwinds and patent cliff pressures

Pfizer has set its FY2026 profit forecast below analyst estimates, blaming projected losses on waning Covid vaccine sales and the looming patent cliff faced by some of its best-selling assets. Through this adjustment, Pfizer now expects profits ranging between $2.80 and $3 per share in 2026, which sits below the analyst estimate of $3.05 per share, as per the London Stock Exchange (LSEG). This means the company now expects its FY2026 revenue to fall somewhere between $59.5bn and $62.5bn. This compares w ...