Analyst Consensus ?
ConsensusHold13 ratings
Bullish430.8%
Neutral861.5%
Bearish17.7%
Viatris Inc. · VTRS · FY2026 Q2 · Calendar Q3 2026
Viatris Raises Guidance as China Growth and Pipeline Progress Continue
The Q2 analysis supports a constructive but qualified view of Viatris: stronger execution in Greater China, cost discipline, and pipeline progress improved the near-term trajectory, while facility disruption, procurement policy, and regulatory uncertainty limit confidence in the durability of growth.
Reported Before market openNASDAQHealthcare
$19.91B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.69
Consensus $0.60
EPS surprise
+14.8%
Reported versus consensus
Reported revenue
$3.76B
Consensus $3.68B
Revenue surprise
+2.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-7.7%
Event window
SPY move
-0.2%
Same window
Abnormal move
-7.5%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
+4.0%
Up to 20 sessions
VTRSSPY benchmark
Ask FN2 about VTRS FY2026 Q2
Transcript, numbers and history already loaded
Why did VTRS fall 7.7% after beating EPS estimates in FY2026 Q2?What changed in VTRS's guidance and outlook in FY2026 Q2?Give me the bull and bear case for VTRS after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with Q1, management raised full-year guidance, reported continued Greater China growth, disclosed the Nashik disruption and its expected second-half impact, and highlighted FDA approval of Gwyn Lo alongside additional pipeline milestones.
Guidance delta
Management raised full-year revenue and earnings guidance despite incorporating Nashik supply disruption and China procurement-policy risks.
Key takeaways
- Q2 revenue and adjusted EBITDA exceeded expectations, supporting a full-year guidance raise.
- Greater China sales grew 16% year over year, with e-commerce and retail execution cited as key contributors.
- FDA approval of Gwyn Lo adds a new transdermal product, while meloxicam and several Phase III programs remain future catalysts.
- Nashik facility disruption and Chinese hospital procurement changes are the main near-term offsets.
Management priorities
- Execute in Greater China while adapting to procurement-policy changes.
- Advance Gwyn Lo commercialization and pursue regulatory milestones for meloxicam, Nefecon, pitolisant, selatogrel, and cenerimod.
- Use cost savings to support growth opportunities while maintaining dividends, repurchases, and disciplined capital allocation.
- Remediate the Nashik facility and manage the related supply impact.
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Beat
Miss
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Analyst 52W Price Targets
$17.1Previous close
$12Low
$17.1Average
$22High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Piper Sandler | Neutral | Neutral | Maintain | Sep 16, 2026 |
| Argus Research | Buy | Buy | Maintain | Sep 8, 2026 |
| Barclays | Overweight | Overweight | Maintain | May 19, 2026 |
| Truist Securities | Buy | Buy | Maintain | May 8, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | May 8, 2026 |
| Jefferies | Buy | Buy | Maintain | Mar 7, 2025 |
| B of A Securities | Underperform | Underperform | Maintain | Feb 28, 2025 |
| BMO Capital | Market Perform | Outperform | Downgrade | Feb 17, 2023 |
| UBS | Neutral | Sell | Upgrade | Nov 10, 2022 |
| Goldman Sachs | Neutral | Neutral | Maintain | May 12, 2022 |
| Citigroup | Neutral | Neutral | Maintain | Mar 10, 2022 |
| Raymond James | Market Perform | Outperform | Downgrade | Mar 1, 2022 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Mar 10, 2021 |
Named analyst price targets
Upside is calculated against the persisted previous close $17.1. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Leerink Partners | Analyst unavailable | $20 | $16.61 | +17.0% | Sep 9, 2026 |
| Argus Research | Analyst unavailable | $20 | $16.75 | +17.0% | Sep 8, 2026 |
| Barclays | Glen Santangelo | $22 | $16.5 | +28.7% | May 19, 2026 |
| Truist Financial | Analyst unavailable | $20 | $16.94 | +17.0% | May 8, 2026 |
| UBS | Ashwani Verma | $18 | $14.58 | +5.3% | Feb 9, 2026 |
| Piper Sandler | Analyst unavailable | $12 | $13.12 | -29.8% | Jan 28, 2026 |
| Argus Research | Analyst unavailable | $15 | $12.84 | -12.3% | Jan 16, 2026 |
| Truist Financial | Les Sulewski | $16 | $12.4 | -6.4% | Jan 7, 2026 |
| Truist Financial | Analyst unavailable | $15 | $9.93 | -12.3% | Oct 15, 2025 |
| Jefferies | Glen Santangelo | $15 | $11.77 | -12.3% | Jul 19, 2024 |
| Piper Sandler | David Amsellem | $13 | $11.83 | -24.0% | Mar 28, 2024 |
| Piper Sandler | David Amsellem | $10 | $9.84 | -41.5% | Jun 26, 2023 |
| Barclays | Analyst unavailable | $15 | $12.16 | -12.3% | Feb 1, 2023 |
| UBS | Ashwani Verma | $12 | $10.83 | -29.8% | Nov 9, 2022 |
| UBS | Ashwani Verma | $9 | $10.77 | -47.4% | Jun 13, 2022 |
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Start freeCompany context
Snapshot as of publicationViatris Inc. operates as a global pharmaceutical and healthcare enterprise. Its business is structured across four primary geographic divisions: Developed Markets, Greater China, JANZ (Japan, Australia, New Zealand), and Emerging Markets. The company offers a comprehensive range of pharmaceutical products, encompassing branded prescription medications, generic and complex generic drugs, biosimilar treatments, and active pharmaceutical ingredients (APIs). These offerings target diverse therapeutic areas, addressing both noncommunicable and infectious diseases. Its biosimilars specifically focus on critical conditions in oncology, immunology, endocrinology, ophthalmology, and dermatology. Furthermore, Viatris's APIs are utilized across numerous drug categories, including antibacterials, central nervous system agents, antihistamines/antiasthmatics, cardiovascular, antivirals, antidiabetics, antifungals, and proton pump inhibitors.…
Historical context
All VTRS earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
| MDT Medtronic plc | FY2027 Q1 · Calendar Q3 2026 | +4.3% | +1.5% | Medtronic raises FY27 outlook as growth broadens across platforms |
| A Agilent Technologies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +8.7% | +1.7% | Agilent raises outlook after Q3 beat; Ignite drives margin gains |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-07T21:15:26.518309+00:00
- FN2 earnings calendar · 2026-09-11T01:23:15.000588+00:00
- Polygon adjusted daily market bars · 2026-09-22T07:50:54.172437+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T07:50:54.169531+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.