CLAIM #2629 · AbbVie Inc (ABBV) · 2025Q2 earnings call · Jul 31, 2025

“What I can say is that we do not expect our exposure to be outsized relative to peers.”

Robert Michael · CEO

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“at also previously at the JPMorgan conference. So we do refresh long-term guidance. I'd say we're obviously tracking very well against the last long-term guidance we issued. And we will update that at the appropriate time. But obviously -- and then when you look at Street expectations as well, they have come up, too. And so we're very pleased with the performance, and we'll update that long-term guidance at the appropriate time, but the momentum is clearly there. As it relates to tariffs, I'd say, as it relates to '25, we're fairly insulated from any impact this year given inventory management actions. But look, without policy details, -- we're not going to speculate on the longer-term impact. We do need to see the outcome of the 232 investigation and how tariffs are ultimately phased in. What I can say is that we do not expect our exposure to be outsized relative to peers. And as I mentioned during the first quarter call, we have a broad U.S. network. It includes 11 sites that manufacture API, biologics, toxins and small molecules. As a reminder, again, our largest product, Skyrizi, is made in the U.S. for the domestic market. And longer term, we will add more U.S. manufacturing capacity, which is part of the planned $10 billion in capital investment that we announced during the first quarter call. That again includes adding 4 new sites to our U.S. network that will cover API, peptides drug product and devices. And so we are well positioned. We'll obviously continue to invest in the U.S. I think we're having constructive discussions with the administration on sectoral tariffs. Clearly, the best way to motivate that is through tax incentives as well as a tra”

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SEC filings for ABBV ↗ · Quote is verbatim from the 2025Q2 earnings call.