Hims Stock Slides After Earnings Miss and Downgraded Outlook Despite Eli Lilly Deal
Hims & Hers Health's stock fell after Q3 earnings missed expectations, with a wider-than-expected loss. The company lowered its 2026 outlook despite a recent deal with Eli Lilly to distribute weight-loss drugs. Investors reacted negatively to the revised projections.
How this was made

The 30-second read
Why it matters
The earnings miss and lowered outlook suggest short‑term weakness, but the Eli Lilly deal may provide a longer‑term growth catalyst.
Market read
The stock's slide reflects immediate market reaction to disappointing earnings and guidance, with potential sector ripple effects.
What to watch
Potential revenue from Zepbound and Foundayo distribution not yet reflected in guidance.
Background
Hims & Hers Health is a telehealth provider expanding into weight‑loss medication distribution through a new Eli Lilly partnership.
Ticker impact
Hims & Hers reported Q3 earnings that missed expectations and lowered its 2026 outlook, causing the stock to slide.
downward pressure as investors price in weaker sales and lower outlook
The article provides the first disclosure of the earnings miss and revised guidance, which are material new facts for the stock.
Market effects
Telehealth sector may face broader scrutiny as earnings miss highlights growth challenges.
U.S. market participants may adjust exposure to digital health stocks.
Limited to U.S. listed telehealth companies.
Counterpoint
The partnership with Eli Lilly could unlock future upside if execution improves, making the dip a buying opportunity.
Key entities
- companyHims & Hers Health
Telehealth firm reporting Q3 earnings.
- companyEli Lilly
Pharmaceutical partner supplying weight‑loss drugs.





