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Dow DOW Q2 2026 earnings

Reported July 23, 2026 · Before market open

Revenue$12.1BBeat by $59.6M
EPS$1.44Beat by $0.19
Revenue estimate$12.0B
EPS estimate$1.25
Market conditions were supportive this quarter, and our self-help initiatives delivered ahead of plan, further reinforcing the improvement in our earnings as we continue to strengthen Dow's resilience and agility. We now expect to generate approximately $200 million more in benefits from Transform to Outperform this year, enabling us to increase the total in-year benefits from self-help to greater than $1.3 billion. Our actions to become a leaner, more competitive company position Dow well to continue winning with our customers while delivering enhanced long-term shareholder value.
Karen S. Carter

Next report

Oct 22, 2026 (in 2 months)
Revenue estimate$11.3B
EPS estimate$0.74

Financials

Q2 2026

Income statement

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Revenue$12.1B+19.7%
Gross profit$2.2B+272%
Net income$721.0M+186%

Balance sheet

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Cash & equivalents$4.1B+63.1%
Total debt$18.7B+5.5%
Total equity$15.9B-8.0%
Total assets$61.6B+4.4%

Cash flow

See full
Operating cash flow$1.3B+383%
CapEx$632.0M-4.5%
Free cash flow$699.0M+162%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$21.91B+24.9%
Enterprise value$36.47B+11.5%
P/S0.5×+0.1×

Profitability

See full
Gross margin9.9%+2.1pp
Net margin-2.7%+0.9pp

Returns & leverage

See full
Return on equity-6.7%+3.4pp
Debt / equity1.2×+0.1×
Current ratio1.7×+0.1×

Segments

By segment

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Packaging & Specialty Plastics$6.4B+27.1%
Industrial Intermediates & Infrastructure$3.2B+13.6%
Performance Materials & Coatings$2.4B+10.9%
Corporate Segment$180.0M+9.8%

By geography

See full
U.S.Canada$4.8B
UNITED STATES$4.5B
Europe, Middle East, Africa and India$3.9B
Rest of World$3.7B

FAQ

When did Dow report Q2 2026 earnings?
Dow (DOW) reported Q2 2026 earnings on July 23, 2026 before market open.
What were Dow's Q2 2026 revenue and EPS?
Dow reported revenue of $12.1B and eps of $1.44 for Q2 2026.
Did Dow beat estimates in Q2 2026?
Revenue beat the consensus estimate of $12.0B by $59.6M. EPS beat the consensus estimate of $1.25 by $0.19.
How did Dow's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.7% from $10.1B a year earlier.
Where can I find Dow's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001751788-26-000144) and the 10-Q periodic report (0001751788-26-000147) directly on SEC EDGAR. The filing index links above go to sec.gov.