VTRS · Earnings call · 2026Q2T · Full report

Gross Margin Drivers

Viatris Inc · 2026-08-06 · Importance 31 · Surprise 32

Adjusted gross margin was 57.5% in the second quarter, nearly 1 percentage point above the prior year. Greater China’s strong performance increased margin contribution during the quarter. North American generics also produced a favorable mix shift toward higher-margin complex injectables, including octreotide and iron sucrose. Competitive pressure in branded products and later-year supply disruptions are expected to affect the revenue and earnings mix in the second half.

Key facts

• Adjusted gross margin improved nearly 1% versus prior year driven primarily by Greater China and favorable product mix in North American generics
• Adjusted gross margin for Q2 2026: 57.5%