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MGP Ingredients MGPI Q2 2026 earnings

Reported July 29, 2026 · Before market open

Revenue$124.4MMiss by $804.4K
Adjusted EPS$0.72Beat by $0.23
Revenue estimate$125.2M
EPS estimate$0.49
“Our second quarter results are a reflection of our efforts to drive long-term growth across all three of our businesses and to deliver value creation, even as we continue to navigate a challenging industry backdrop. As we move through the second half of 2026, we will maintain our strategic roadmap and drive our key growth initiatives, while prioritizing our best opportunities for growth, taking decisive actions and executing with discipline.”
Julie Francis

Next report

Oct 28, 2026 (in a month)
Revenue estimate$119.6M
EPS estimate$0.34

Financials

Q2 2026

Income statement

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Revenue$124.4M-14.5%
Gross profit$46.5M-20.4%
Operating income$17.7M-13.1%
Net income$12.0M-16.8%
EPS (diluted)$0.55-17.9%

Balance sheet

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Cash & equivalents$17.8M+2.7%
Total debt$384.2M+21.8%
Total equity$590.8M-29.8%
Total assets$1.1B-23.7%

Cash flow

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Operating cash flow-$47.7M-509%
CapEx$4.5M-63.2%
Free cash flow-$52.2M—

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$307.51M-47.6%
Enterprise value$673.88M-23.9%
P/S0.6×-0.3×

Profitability

See full
Gross margin35.5%-4.2pp
Operating margin-53.9%—
Net margin-48.4%—
FCF margin0.2%-9.6pp

Returns & leverage

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Return on equity-33.8%—
Debt / equity0.7×+0.3×
Current ratio7×+4.1×

Segments

By product

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Premium plus$32.6M+5.0%
Specialty wheat starches$18.9M+2.2%
Mid$16.2M+4.7%
Brown goods$14.3M-59.3%
Specialty wheat proteins$12.7M+1.1%

By segment

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Branded Spirits$59.6M-1.5%
Ingredient Solutions$35.5M+1.5%
Distilling Solutions$29.2M-41.6%

FAQ

When did MGP Ingredients report Q2 2026 earnings?
MGP Ingredients (MGPI) reported Q2 2026 earnings on July 29, 2026 before market open.
What were MGP Ingredients's Q2 2026 revenue and EPS?
MGP Ingredients reported revenue of $124.4M and adjusted eps of $0.72 for Q2 2026.
Did MGP Ingredients beat estimates in Q2 2026?
Revenue missed the consensus estimate of $125.2M by $804.4K. EPS beat the consensus estimate of $0.49 by $0.23.
How did MGP Ingredients's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 14.5% from $145.5M a year earlier.
Where can I find MGP Ingredients's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000835011-26-000101) and the 10-Q periodic report (0000835011-26-000103) directly on SEC EDGAR. The filing index links above go to sec.gov.