Viatris Q3 adjusted EPS beats estimates; hikes forecast
VTRS•Viatris reported Q3 adjusted EPS of $0.71, above the $0.64 estimate, while revenue of $3.75 billion missed the $3.79 billion estimate. It raised 2026 guidance midpoints for revenue to $14.8 billion, adjusted EBITDA to $4.5 billion and adjusted EPS to $2.60.
1. Results and outlook
Viatris said Q3 revenue was flat year over year at $3.75 billion, below the $3.79 billion analyst estimate. Adjusted EPS rose 6% to $0.71, beating the $0.64 estimate; the company also reported a net loss of $325.30 million, or $0.28 per share. It raised its 2026 guidance midpoints to $14.8 billion for revenue, $4.5 billion for adjusted EBITDA and $2.60 for adjusted EPS, from $14.75 billion, $4.4 billion and $2.52, respectively.
2. Revenue drivers
Viatris said supply constraints in Europe and Emerging Markets and increased competition offset growth from new products and Greater China. New product sales, primarily in Developed Markets, and continued strength in Greater China brands supported revenue.
