Filing Flows › Viatris (VTRS) › Q1 2026
Viatris (VTRS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Viatris (VTRS) reported revenue of $3.5B for the first quarter 2026 (Q1 2026), +8% from a year earlier. Operating margin was -2.3%, net earnings $176M (5.0% of revenue).
Viatris, Q1 2026: revenue $3.5B (+8% year over year), operating margin -2.3%, net earnings $176M, operating cash flow $388M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | — | +8% |
| Operating profit | −$79.7M | -145% | — |
| Net earnings | $176M | — | — |
| Operating cash flow | $388M | — | -27% |
| Free cash flow | $348M | — | -29% |
What changed
Revenue was $3.5B in Q1 2026, up 8% year over year. Brands was the largest line at 66% of revenue. Brands added $0.22B year over year (up 10%), 82% of the total change. Viagra ® declined 4%.
Gross margin was 32.9%, down 2.8 points from Q1 2025. Operating costs exceeded revenue by $0.08B, an operating margin of -2.3%. Operating expenses fell 69% while revenue rose 8%. The fastest-growing cost line was Research & development (+12%). Net earnings were $0.18B.
Operating cash flow was $0.39B (down 27% year over year), 220% of net earnings. Non-cash charges added back $0.68B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.51B. Capital expenditures of $0.04B left free cash flow of $0.35B.
Questions
What was Viatris' revenue in the first quarter 2026?
Viatris (VTRS) reported revenue of $3.5B for the first quarter 2026 (Q1 2026), +8% from a year earlier.
Was Viatris profitable in the first quarter 2026?
Operating loss was $79.7M (-2.3% of revenue) and net earnings $176M.
Source: Viatris 10-Q on SEC EDGAR.