Novo Nordisk A/S: Novo Nordisk raises adjusted sales and adjusted operating profit outlook for 2026

Bagsværd, Denmark, 4 August 2026 - Novo Nordisk today announced adjusted sales and adjusted operating profit for the second quarter of 2026 and raised 2026 full-year adjusted sales and adjusted operating profit outlook at CER.

Adjusted sales and adjusted operating profit for the second quarter of 2026

Q2 2026 adjusted sales increased by 7% at CER, and adjusted operating profit increased by 11% at CER.

Profit and loss DKK million	Q2 2026	Growth at CER
Adjusted sales1	78,488	7%
Adjusted operating profit1, 2	33,389	11%

CER: Constant exchange rates; ¹Adjusted sales and adjusted operating profit growth rates exclude the non-recurring impact from the provision reversals related to the 340B Drug Pricing Program in the US. ²Excl. DKK 6.3 billion non-recurring, non-cash impairment charges in Q2 2026 related to intangible pipeline assets, including monlunabant (DKK 4.0 billion)

2026 adjusted sales and adjusted operating profit outlook at CER

Adjusted sales growth for 2026 is now expected to be 0% to -6% at CER and adjusted operating profit growth is now expected to be 0% to -6% at CER. The improved outlook is driven by increased expectations for GLP-1 product sales.

Outlook 2026 (CER)	Full year expectations 4 August 2026	Full year expectations 6 May 2026
Adjusted sales growth	0% to -6%	-4% to -12%
Adjusted operating profit growth	0% to -6%	-4% to -12%

Note: On a non-adjusted basis, the mid-point of sales and operating profit growth guidance for 2026, both at CER, would be 5% and 12%, respectively.

Novo Nordisk's full disclosure of the financial results for the first six months of 2026 will be published on 4 August 2026.

The above expectations are based on assumptions, including those described on pages 13 and 14 of the financial report for the first three months of 2026 (Company Announcement No 30/2026).

The forward-looking statements on page 23 in the financial report for the first three months of 2026 (Company Announcement No 30/2026) also apply to this company announcement.

Conference call

Novo Nordisk will host a conference call for investors at 13.00 CEST on 5 August 2026, corresponding to 7.00 am EDT. For more information on how to listen, please visit the investor section of novonordisk.com.

About Novo Nordisk
Novo Nordisk is a leading global healthcare company founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat serious chronic diseases built upon our heritage in diabetes. We do so by pioneering scientific breakthroughs, expanding access to our medicines and working to prevent and ultimately cure disease. Novo Nordisk employs about 66,700 people in 80 countries and markets its products in around 170 countries. Novo Nordisk's B shares are listed on Nasdaq Copenhagen (Novo-B). Its ADRs are listed on the New York Stock Exchange (NVO). For more information, visit novonordisk.com, Facebook, Instagram, X, LinkedIn and YouTube.

Publication of inside information pursuant to Market Abuse Regulation, Article 17.

Contacts for further information

Novo Nordisk Media:
Ambre James-Brown [phone] [e-mail]	Liz Skrbkova (US) [phone] [e-mail]
Novo Nordisk Investors:
Michael Novod [phone] [e-mail]	Sina Meyer [phone] [e-mail]
Ida Schaap Melvold [phone] [e-mail]	Christoffer Togo Solgaard-Tullin [phone] [e-mail]
Alex Bruce [phone] [e-mail]	Mads Berner Bruun [phone] [e-mail]
Frederik Taylor Pitter (US) [phone] [e-mail]

Company announcement No 47 / 2026

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• CA260804-2026-Financial-Outlook