Filing Flows › Viatris (VTRS) › Q2 2026
Viatris (VTRS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Viatris (VTRS) reported revenue of $3.8B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +7% from the quarter before. Operating margin was 0.2%, net loss $119M (3.2% of revenue).
Viatris, Q2 2026: revenue $3.8B (+5% year over year), operating margin 0.2%, net loss $119M, operating cash flow $382M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | +7% | +5% |
| Operating profit | $6.3M | — | -97% |
| Net earnings | −$119M | -167% | — |
| Operating cash flow | $382M | -2% | +74% |
| Free cash flow | $329M | -6% | +97% |
What changed
Revenue was $3.8B in Q2 2026, up 5% year over year and up 7% from the previous quarter. Brands was the largest line at 64% of revenue. Brands added $0.13B year over year (up 6%), 77% of the total change. Dymista ® declined 18%.
Gross margin was 38.8%, up 1.6 points from Q2 2025. Operating profit was $0.01B, a 0.2% margin (down 6.3 points year over year). Operating profit fell $0.23B even though revenue rose $0.17B versus Q2 2025, so costs grew faster than sales. Operating expenses grew 32% against revenue growth of 5%. The quarter ended with a net loss of $0.12B, after a profit of $0.18B the previous quarter. Net interest and other expense of $0.07B was the main reason.
Operating cash flow was $0.38B (up 74% year over year). Non-cash charges added back $0.67B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.05B left free cash flow of $0.33B.
Questions
What was Viatris' revenue in the second quarter 2026?
Viatris (VTRS) reported revenue of $3.8B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +7% from the quarter before.
Was Viatris profitable in the second quarter 2026?
Operating profit was $6.3M (0.2% of revenue) and net loss $119M.
Source: Viatris 10-Q on SEC EDGAR.