Abstract

Viatris Inc. will report on February 26, 2026 Pre-Market, with investors watching revenue, margins, net income, and adjusted EPS as management guidance and recent trends frame expectations.

Market Forecast

The market projects Viatris Inc.’s current quarter revenue at $3.53 billion, implying a 2.27% year-over-year decline, EBIT at $905.35 million with a 7.12% year-over-year decline, and adjusted EPS at $0.53 with a 6.63% year-over-year decline. Forecast detail on gross profit margin and net profit margin is not available; commentary centers on stable core generics and brand erosion pacing within historical ranges. The company’s main business is expected to remain steady on volume with price pressure, while complex generics and select brands are seen as the most promising segment poised to contribute incremental growth, though specific revenue and year-over-year values are not available.

Last Quarter Review

In the previous quarter, Viatris Inc. reported revenue of $3.76 billion, a gross profit margin of 39.84%, GAAP net loss attributable to the company of $128.00 million with a net profit margin of -3.41%, and adjusted EPS of $0.67, with year-over-year growth for revenue and EPS at 0.23% and -10.67%, respectively. One notable highlight was EBIT of $1.05 billion, which exceeded market estimates by $43.66 million, suggesting disciplined cost control and operational leverage. Main business performance showed resilience with top line totaling $3.76 billion; a detailed segment revenue breakdown and year-over-year growth by segment was not provided.

Current Quarter Outlook (with major analytical insights)

Core portfolio dynamics and price-volume balance

Viatris Inc.’s core generics and established brands portfolio remains the backbone of quarterly revenue. The forecast revenue of $3.53 billion implies modest sequential declines consistent with normal seasonality and ongoing price deflation. The combination of steady unit volumes and continued price pressure in oral solids and injectables will likely weigh on the top line, while procurement and manufacturing productivity initiatives can cushion gross margin. Investors should monitor whether sales mix improves toward higher-margin products, which could stabilize gross profit margin despite headline revenue softness.

Pipeline and complex products as incremental growth levers

Complex generics and select specialty brands are positioned to provide incremental growth and margin support. While the aggregate forecast points to a year-over-year decline in revenue and EBIT, the cadence of complex launches and supply continuity for higher-value molecules can mitigate erosion in larger, commoditized SKUs. In this quarter, success of recent launches and the breadth of approvals for difficult-to-make products will be key to whether adjusted EPS lands near the $0.53 forecast. Any upside from new launches or better-than-expected adherence in chronic therapies would carry higher incremental margins, disproportionately supporting EBIT.

Cost discipline, cash generation, and deleveraging trajectory

Cost discipline remains the most immediate lever for protecting EBIT and EPS amid soft revenue. Last quarter’s EBIT outperformance relative to consensus highlights operating control and potential tailwinds from restructuring savings. For this quarter, focus rests on the conversion of EBIT to free cash flow, as deleveraging and capital return priorities hinge on consistent cash generation. Should working capital normalize and capex remain within plan, free cash flow could be supportive even with lower revenue, providing a buffer for shareholder return frameworks and balance sheet flexibility.

Analyst Opinions

Analyst commentary during the recent period has leaned positive, with a majority expecting Viatris Inc. to deliver in-line to modestly better profitability on disciplined costs despite lower revenue. The bullish camp highlights the company’s cost controls and steady cash generation as reasons to expect adjusted EPS around the $0.53 mark and EBIT near $905.35 million, even as revenue declines year over year. Institutional voices emphasize the protective benefits of product diversity and the potential for complex generics to offset erosion in mature categories, supporting a constructive view into the print.