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Chipotle Mexican Grill CMG Q2 2026 earnings

Reported July 29, 2026 · After market close

Revenue$3.3BBeat by $17.2M
Adjusted EPS$0.33Beat by $0.01
Revenue estimate$3.3B
EPS estimate$0.32
“We're seeing encouraging progress because we're focused on the right growth drivers—bringing meaningful menu innovation to our guests, deepening engagement through Chipotle Rewards, elevating hospitality in every restaurant, and expanding opportunities to serve more group occasions. These efforts are building a stronger business and reinforcing our confidence in Chipotle's ability to deliver sustainable long-term growth and shareholder value.”
Scott Boatwright

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Oct 28, 2026 (In 2 weeks)
Revenue estimate$3.3B
EPS estimate$0.29

Financials

Q2 2026

Income statement

See full
Revenue$3.3B+9.3%
Operating income$525.6M-6.0%
Net income$403.5M-7.5%
EPS (diluted)$0.320.0%

Balance sheet

See full
Cash & equivalents$228.2M-73.9%
Total debt$5.4B+13.4%
Total equity$2.2B-37.7%
Total assets$8.9B-4.4%

Cash flow

See full
Operating cash flow$680.7M+21.3%
CapEx$217.3M+35.3%
Free cash flow$463.4M+15.6%

Valuation & ratios

Valuation

as of 10/09/26
See full
Market cap$41.35B-24.6%
Enterprise value$46.54B-21.2%
P/E29.1×-6.5×
P/S3.3×-1.3×

Profitability

See full
Operating margin14.7%-2.0pp
Net margin11.4%-1.9pp
FCF margin12.6%0.0pp

Returns & leverage

See full
Return on equity49.6%+7.0pp
Debt / equity2.5×+1.1×
Current ratio0.7×-0.9×

Segments

By product

See full
Food and beverage revenue$3.3B+9.4%
Delivery service revenue$15.8M+0.8%

FAQ

When did Chipotle Mexican Grill report Q2 2026 earnings?
Chipotle Mexican Grill (CMG) reported Q2 2026 earnings on July 29, 2026 after market close.
What were Chipotle Mexican Grill's Q2 2026 revenue and EPS?
Chipotle Mexican Grill reported revenue of $3.3B and adjusted eps of $0.33 for Q2 2026.
Did Chipotle Mexican Grill beat estimates in Q2 2026?
Revenue beat the consensus estimate of $3.3B by $17.2M. EPS beat the consensus estimate of $0.32 by $0.01.
How did Chipotle Mexican Grill's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.3% from $3.1B a year earlier.
Where can I find Chipotle Mexican Grill's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001058090-26-000063) and the 10-Q periodic report (0001058090-26-000066) directly on SEC EDGAR. The filing index links above go to sec.gov.