Viatris Inc. (VTRS) Q2 2026 Earnings Call Transcript
Viatris Inc. (VTRS) Q2 2026 Earnings Call Transcript

Viatris Inc. operates as a global pharmaceutical and healthcare enterprise. Its business is structured across four primary geographic divisions: Developed Markets, Greater ...
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$0.48 per share
Est. EPS $0.65 · Revenue $3.81B · 5 analysts
Est. EPS $0.59 · Revenue $3.72B · 5 analysts
Est. EPS $2.50 · Revenue $14.78B · 5 analysts
$0.48 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $14.3B | -3.0% | +6.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-3.5B | -454.2% | -167.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +35.1% | -8.1% | +17.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -18.6% | -27277.5% | +107.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -24.6% | -471.3% | -163.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $1.9B | -2.0% | -5.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +13.5% | +1.0% | -11.6% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 99.9% | +30.2% | -4.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.30x | -21.1% | -1.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $37.2B | -10.4% | -4.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -3.00 vs 2.32 | -229.5% | -0.10 vs 0.60 | -116.6% |
| Revenue Surprise | $14.3B vs $14.1B | +1.2% | $3.8B vs $3.7B | +2.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 15, 2026 | Enrietti Andrew | officer: See Remarks | Common Stock | A | 25,134 | — |
| Aug 15, 2026 | Enrietti Andrew | officer: See Remarks | Common Stock | A | 999 | — |
| Aug 15, 2026 | Enrietti Andrew | officer: See Remarks | Common Stock | D | 435 | $16.23 |
| Aug 15, 2026 | Enrietti Andrew | officer: See Remarks | Common Stock | D | 10,931 | $16.23 |
| Aug 15, 2026 | Enrietti Andrew | officer: See Remarks | Restricted Stock Units | D | 25,134 | — |
Operator : Good morning, everyone, and welcome to the Viatris Q2 2026 Earnings Call. [Operator Instructions] Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Bill Szablewski, Head of Capital Markets. Sir, please go ahead. William Szablewski : Good morning, everyone. Welcome to our Q2 2026 earnings call. With us today is CEO, Scott Smith; Interim CFO, Paul Campbell; Chief R&D Officer, Philippe Martin; and Chief Commercial Officer, Corinne Le Goff. During today's call, we will be making forward-looking statements on a number of matters, including our financial guidance for 2026 and various strategic initiatives. These statements are subject to risks and uncertainties. We will also be referring to certain actual and projected non-GAAP financial measures. Please refer to today's slide presentation and our SEC filings for more information, including reconciliations of those non-GAAP measures to most directly comparable GAAP measures. When discussing 2026 actual or reported results, we will be making certain comparisons to 2025 actual or reported results on an operational basis, which excludes the impact of foreign currency rates. When comparing our 2026 actual or reported results to our expectations, we are making comparisons to our 2026 financial guidance. With that, I'll hand the call over to our CEO, Scott Smith. Scott Smith : Good morning, everyone. We're off to an exceptional start in 2026. We delivered another strong quarter that reinforces our confidence in the strategy we outlined earlier this year. In the second quarter, we delivered $3.8 billion in total revenues, representing 3.5% operational revenue growth year-over-year, adjusted EBITDA of $1.2 billion and adjusted EPS of $0.69 per share. These results exceeded our expectations and reflect the strong momentum across our businesses and continued improvement in operating leverage. Just as importantly, these results give us confidence to raise our outlook for the remainder of the year. Let me briefly highlight some of the progress we've made across our businesses. Commercial execution was excellent across our global portfolio during the quarter, led once again by Greater China, where the commercial investments in our portfolio of established brands are generating meaningful growth. In North America, execution across our complex generics and transdermal products also drove solid growth. Our pipeline is progressing as expected. As we announced last week, we received U.S. regulatory approval for Gwyn Lo and expect to launch the product later this year. At the same time, launch preparations continue for fast-acting meloxicam as it progresses through FDA review. We're confident in the differentiated clinical profiles of both medicines and also in our commercial readiness. In Japan, we recently reported Phase III results for Nefecon, while pitolisant continues to progress through the final stages of regulatory review, underscoring the momentum …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Scott Andrew Smith | Chief Executive Officer & Director | USD 5,123,318 | Male | 1962 | Active |
Paul Campbell | Interim CFO, Chief Accounting Officer & Corporate Controller | USD 3,702,783 | Male | 1967 | Active |
Corinne Le Goff | Chief Commercial Officer | USD 2,334,887 | — | 1965 | Active |
Matthew Joseph Maletta | Chief Legal Officer | USD 2,214,300 | Male | 1972 | Active |
Andrew Enrietti | Chief Administrative & Transformation Officer | USD 1,940,545 | Male | 1985 | Active |
Ramkumar V. Rayapureddy | Chief Information Officer | — | Male | — | Active |
Peter McCormick | Chief Supply Officer | — | Male | — | Active |
Philippe Martin | Chief R&D Officer | — | Male | 1976 | Active |
William Szablewski | Head of Investor Relations & Capital Markets | — | Male | — | Active |
Lara Ramsburg | Chief People & Corporate Affairs Officer | — | Female | — | Active |
Viatris Inc. (VTRS) Q2 2026 Earnings Call Transcript

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