In the latest quarter Q1'26, LLY's Gross Margin stood at 78.98%, reflecting a decline from the previous quarter's 82.5%. Operating Margin reached 46.44%, marking a modest increase from 45.81% in Q4'25, while Net Profit Margin improved to 37.36%, up from 34.4% in the prior period, indicating sustained profitability despite the gross margin dip. Over the period from Q2'23 to Q1'26, Gross Margin exhibited an overall upward trend, rising from 78.3% to a peak of 84.3% in Q2'25 before a slight pullback, suggesting improved cost efficiencies in production. Operating and Net Profit Margins showed greater volatility, with notable dips in Q3'23 and Q3'24 (e.g., Net Profit Margin at -0.6% and 8.5%, respectively) followed by strong recoveries, reaching highs of 45.81% and 36.4% by Q2'25, driven by operational leverage and revenue growth; the recent upticks in both metrics underscore resilient bottom-line performance amid fluctuating expenses.