Novartis Reaffirms 2026 Guidance as Generic Erosion Weighs on Earnings
Novartis reaffirmed its full-year 2026 guidance, targeting low single-digit sales growth and a low single-digit decline in core operating income, as generic erosion continues to weigh on earnings. In the same quarter, Bristol Myers reported $13.0 billion revenue and raised full-year guidance, while Novartis hedge fund holders increased from 31 to 38.