Viatris Inc is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Viatris (VTRS) reported Q1 FY2026 revenue of $3.52B (+8.1% YoY), driven by top-line growth, but gross margin compressed to 32.9% as cost of revenue rose faster than sales, while operating loss narrowed dramatically to -$79.7M versus -$2.88B a year ago, and EPS turned positive at $0.15 versus -$2.55.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 8.1% YoY to $3.52B, but cost of revenue surged 12.7% YoY to $2.36B, causing gross profit to decline slightly by 0.3% to $1.16B and compressing gross margin by approximately 280 basis points to 32.9%.
Operating loss narrowed sharply to -$79.7M from -$2.88B in the prior-year period, a 97.2% improvement YoY, suggesting the prior year included significant one-time charges such as impairments or restructuring that did not recur in Q1 FY2026.
Basic and diluted EPS both came in at $0.15 in Q1 FY2026, compared to -$2.55 in the prior-year quarter, reflecting the dramatic reduction in operating losses and improved bottom-line performance.
Revenue
$3.52B
++8.07% YoY
EPS (Basic)
$0.15
++105.88% YoY
Gross Margin
32.9%
-2.78% YoY
Operating Income
$-79.7M
++97.23% YoY
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