Viatris earnings date and guidance
MyStockButler's October 2026 analysis: Viatris reports its next results on November 5, 2026. Viatris’s key test is whether cash generation accelerates while supply remains reliable.
What has Viatris guided for 2026?
The guidance issued on August 6 calls for 2026 revenue of $14,550 million–$14,950 million. It calls for adjusted EBITDA of $4,300 million–$4,500 million, and adjusted earnings per share of $2.45–$2.59. Adjusted EBITDA measures operating performance before interest, taxes, depreciation and amortization, with further company-defined exclusions. Earnings per share shows the profit assigned to each share.
Viatris guides to $2,050 million–$2,350 million of free cash flow before transaction and restructuring costs in 2026. After those costs, the range falls to $1,450 million–$1,750 million. The difference represents cash that leaves the company even though the adjusted operating measure excludes it. That matters because Pacira, the company Viatris proposes to buy, and shareholder returns will compete for the same dollars.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Total Revenues | Year to Dec 2026 | 14,550 | 14,950 | Aug 6, 2026 |
| Adjusted EBITDA | Year to Dec 2026 | 4,300 | 4,500 | Aug 6, 2026 |
| Adjusted EPS | Year to Dec 2026 | 2.45 | 2.59 | Aug 6, 2026 |
| Free Cash Flow Excluding Transaction-related and Restructuring-related Costs | Year to Dec 2026 | 2,050 | 2,350 | Aug 6, 2026 |
| Free Cash Flow | Year to Dec 2026 | 1,450 | 1,750 | Aug 6, 2026 |
| Impact of product supply disruptions to total revenues | Second half of 2026 | 100 | 150 | Aug 6, 2026 |
Has Viatris kept its past promises?
Viatris generally delivered its final annual ranges, but it sometimes revised the promise first made. Revenue finished below the benchmark in three of five years checked, while adjusted EBITDA and free cash flow each finished below once. That record earns management a 3/5: delivery improved after revisions, but the original forecasts were not consistently dependable.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Total Revenues | 5 years | 2 | 0 | 3 |
| Adjusted EBITDA | 5 years | 2 | 2 | 1 |
| Free Cash Flow | 5 years | 2 | 2 | 1 |
What do Viatris’s last eight quarters show?
The June 2026 quarter showed better sales and gross margins, but exceptional charges and supply risk leave the recovery unproved.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,756.8 | 3,517.0 | 3,703.6 | 3,759.9 | 3,582.1 | 3,254.3 | 3,528.1 | 3,751.2 |
| Gross margin | 38.8% | 32.9% | 31.0% | 36.5% | 37.2% | 35.7% | 34.4% | 38.9% |
| Operating income | 6.3 | -79.7 | -192.7 | 178.8 | 233.0 | -2,882.2 | -179.8 | 225.9 |
| Net income | -118.8 | 176.4 | -340.1 | -128.2 | -4.6 | -3,042.0 | -516.5 | 94.8 |
| EPS, diluted | -0.10 | 0.15 | -0.30 | -0.11 | 0.00 | -2.55 | -0.43 | 0.08 |
| = Free cash flow | 329.0 | 348.4 | 619.3 | 658.1 | 166.8 | 492.9 | 342.3 | 749.5 |
What this means. The company can report a loss while still generating positive free cash flow because accounting profit and cash received and spent are measured differently.
What should I watch in Viatris’s next results?
The November 5, 2026 results are the next checkpoint. Investors should ask whether second-half sales remain on course, cash generation accelerates and restructuring costs stay within budget. A profit beat would not settle the issue if inventory builds or customers cannot receive products.