The strong Q1 beat and reaffirmed guidance reinforce the narrative of operational improvement and cost savings from the enterprise-wide strategic review. Traders should watch upcoming PDUFA dates (MR-141 for presbyopia in October, low-dose estrogen patch in July) and the March 2026 Investor Event for long-term targets.
Price Chart
Executive Summary
Viatris reported Q1 2026 adjusted EPS of $0.59, 18% above consensus of $0.50, and revenue of $3.52B, 5% above consensus of $3.36B. Results were driven by strong growth in Greater China and brands, with adjusted EBITDA up 10% operationally. The company reaffirmed its 2026 guidance, signaling confidence in its turnaround and cost-savings plan.
Key Financial Metrics
Key Facts
- Q1 2026 total revenues of $3.517B, up 8% reported (3% operational) YoY
- Adjusted EPS of $0.59 vs consensus $0.50 (18% beat); GAAP EPS $0.15
- Adjusted EBITDA of $1.05B, up 14% reported (10% operational) YoY
- Reaffirmed 2026 guidance: revenue $14.45-14.95B, adjusted EBITDA $4.15-4.45B, adjusted EPS $2.33-2.47
- Greater China net sales up 22% reported (18% operational)
- Fire at Nashik facility caused $71.9M write-off in Q1; expects to resume operations in April 2026
Financial Impact
Adjusted EPS beat by 18% ($0.59 vs $0.50); revenue beat by 5% ($3.517B vs $3.36B); guidance reaffirmed
Risk Factors
- Restructuring and fire-related costs could weigh on GAAP profitability
- Generic competition and pricing pressure in developed markets
- Execution risk on $700-850M restructuring program
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001792044-26-000025 |
| Document: vtrs-20260507.htm | 0001792044-26-000025 |
| Document: 0001792044-26-000025-index-headers.html | 0001792044-26-000025 |
| Document: 0001792044-26-000025-index.html | 0001792044-26-000025 |
| Document: 0001792044-26-000025.txt | 0001792044-26-000025 |
| 8-K Data (Synthetic) | 0001792044-26-000025 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | 8-K | $16.29 $16.94 | ▲ +3.99% | ▲ +3.39% | $17.60 (+8.04%) |
Jun 25, 2026 14w ago | 144 | $16.33 $17.28 | ▲ +5.82% | ▲ +4.56% | $17.60 (+7.78%) |
Jun 18, 2026 15w ago | 8-K | $15.38 $17.29 | ▲ +12.42% | ▲ +12.57% | $17.60 (+14.43%) |
Jun 15, 2026 15w ago | 8-K | $16.04 $16.31 | ▲ +1.68% | ▲ +1.48% | $17.60 (+9.73%) |
May 13, 2026 20w ago | Court Ruling | $17.37 $16.31 | ▼ −6.10% | ▼ −5.49% | $17.60 (+1.32%) |
May 7, 2026 21w ago | 8-K | $17.39 $15.56 | ▼ −10.52% | ▼ −13.66% | $17.60 (+1.21%) |
May 4, 2026 21w ago | 8-K | $15.52 $15.69 | ▲ +1.10% | ▼ −3.86% | $17.60 (+13.40%) |
May 4, 2026 21w ago | Court Ruling | $15.20 $15.69 | ▲ +3.22% | ▼ −2.56% | $17.60 (+15.79%) |
May 4, 2026 21w ago | Court Ruling | $15.20 $15.69 | ▲ +3.22% | ▼ −2.56% | $17.60 (+15.79%) |
Apr 13, 2026 24w ago | Court Ruling | $13.83 $16.92 | ▲ +22.34% | ▲ +14.59% | $17.60 (+27.26%) |
US Market Status
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