DOW Q2 FY2026 earnings: EPS beat by 15.2%, revenue beat by 0.5%
DOW INC. reported Q2 FY2026. EPS came in at $1.44 against a $1.25 consensus, beat by 15.2%. Revenue was $12.1B versus $12.0B expected, beat by 0.5%. Gross margin was 17.9%, up 1140 bps from last quarter.
-
Expect to deliver $60 million of EBITDA uplift in second half of 2021 from european siloxanes capacity shutdown.
show quote
“We expect this action to deliver $60 million of EBITDA uplift in the second half of this year.”
-
Expect to deliver $700 million of benefit by end of 2021 from self-help actions.
show quote
“So if you look through the first half, we committed to $100 million, we've delivered $190 million, and that's why we're really confident in upsizing, particularly the Transform to Outperform portion of our self-help actions, which as we articulated before, will now deliver $700 million versus the $500 million guide.”
Guidance “And in Performance Materials & Coatings, we anticipate that declines will be driven by typical seasonal slowdown in coatings demand as well as the planned PDH turnaround [ in the quarter ].”
Pricing “Targeted growth platforms delivered increased profitability during the quarter, supported by strategic opportunity management, strong commercial execution and the deployment of digital pricing and demand planning capability.”
4 more flagged statementsand 1 tone events from this call are in the Pro read.
Subscribe — $49.99/mo →| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $1.44 | $1.25 | beat by 15.2% |
| Revenue | $12.1B | $12.0B | beat by 0.5% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $12.1B | +23.5% | +19.7% |
| Gross profit | $2.2B | +238.6% | +298.3% |
| Operating income | $882.0M | +2945.2% | +9700.0% |
| Net income | $721.0M | +262.0% | +186.3% |
| Diluted EPS | $0.99 | +233.8% | +183.9% |
| Gross margin: 17.9%. |
Revenue is up 19.7% from the same quarter last year. Gross margin sits at 17.9%, a new high for the period charted.
This section is part of the Pro report for DOW.
Subscribe — $49.99/mo →The week in semiconductors, in your inbox. Free.
Every Saturday: the tape, the rotation, the prints that mattered, and what the desk is watching next week. No noise.
Get it every Saturday →