NYSE$DOW
Dow Inc. · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Dow Inc. reported strong Q2 2026 results with net sales of $12.1 billion and a return to GAAP profitability.
Dow delivered net sales of $12.1 billion, up 20% year-over-year, driven by a 20% increase in local prices across all segments and regions. GAAP net income reached $802 million and operating EBIT rose to $1.6 billion, reflecting higher prices and self-help initiatives. Operating EPS was $1.44 versus a loss in the prior year, with cash from operations at $1.3 billion.
- Net sales increased 20% to $12.1 billion, led by 30% local price gains in Packaging & Specialty Plastics.
- GAAP net income of $802 million and operating EBIT of $1.6 billion reversed prior-year losses.
- Operating EPS reached $1.44, supported by self-help actions and higher polyethylene prices.
- Cash from operations totaled $1.3 billion, enabling $253 million in shareholder dividends.
Headline financials
Revenue & EPS history
Dow · Revenue · Quarterly
$12.1M
Revenue by segment
Dow · $12.1B total across 4 segments · Q2 2026
- Packaging & Specialty Plastics$6.39B—52.8%
- Industrial Intermediates & Infrastructure$3.17B—26.2%
- Performance Materials & Coatings$2.36B—19.5%
- Corporate$180M—1.5%
Forward guidance
Dow expects Transform to Outperform to deliver more than $1.3 billion in self-help benefits for 2026, with further ramp-up into 2027 focused on growth, portfolio strength, and balanced capital allocation.
Tailwinds
- Additional $200 million in Transform to Outperform benefits expected this year
- Self-help actions strengthening resilience and agility
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-1.0%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-1.5%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+13.0%
Q3 2025
Best reaction
-9.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -0.8% | -2.1% | -7.2% | |
| Q4 2025 | -1.9% | +9.8% | +10.6% | |
| Q3 2025 | +13.0% | +17.0% | +2.3% | |
| Q2 2025 | +2.0% | +2.7% | +9.2% | |
| Q1 2025 | +2.6% | +5.7% | -2.3% | |
| Q4 2024 | -6.1% | -6.1% | -7.2% | |
| Q3 2024 | -3.5% | -3.9% | -11.7% | |
| Q2 2024 | -0.9% | +0.7% | +0.4% | |
| Q1 2024 | +0.5% | -0.1% | +1.4% | |
| Q4 2023 | +1.8% | +2.6% | +6.2% | |
| Q3 2023 | -1.5% | -0.3% | +6.6% | |
| Q2 2023 | +2.2% | +5.5% | +1.9% | |
| Q1 2023 | -5.1% | -1.8% | -9.1% | |
| Q4 2022 | +1.9% | +2.5% | -0.2% | |
| Q3 2022 | +3.9% | +6.0% | +10.9% | |
| Q2 2022 | -3.2% | -2.4% | +5.6% | |
| Q1 2022 | +1.4% | -0.3% | +0.8% | |
| Q4 2021 | +4.9% | +8.0% | +4.2% | |
| Q3 2021 | -2.5% | -2.0% | -4.3% | |
| Q2 2021 | +0.6% | +3.7% | +1.9% | |
| Q1 2021 | -4.2% | -3.3% | +6.2% | |
| Q4 2020 | -4.6% | +0.4% | +9.0% | |
| Q3 2020 | -0.0% | -4.1% | +12.7% | |
| Q2 2020 | -3.9% | -3.9% | -1.7% | |
| Q1 2020 | -9.4% | -10.9% | +3.0% | |
| Q4 2019 | +2.8% | -0.9% | -14.3% | |
| Q3 2018 | +3.5% | +3.2% | +9.6% | |
| Q3 2019 | +6.9% | +9.0% | +14.8% | |
| Q2 2019 | -7.0% | -8.3% | -22.9% | |
| Q4 2017 | -7.0% | -8.3% | -22.9% | |
| Q4 2018 | -7.0% | -8.3% | -22.9% | |
| Q2 2018 | -7.0% | -8.3% | -22.9% | |
| Q1 2019 | -5.0% | -5.7% | -16.7% | |
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| Q4 2012 | — | — | — | |
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| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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