NYSE$JBS
Jbs NV · Q2 2026 earnings
Q2 2026 earnings ·
Briefing
JBS N.V. reported record net sales of $23.9 billion for Q2 2026, up 14% year-over-year, with a net loss of $102 million.
JBS N.V. delivered record quarterly revenue driven by strength across its multi-protein and multi-geography platform. Profitability declined year-over-year due to tough comparisons in poultry and non-recurring items, resulting in a net loss, though adjusted EPS was $0.20 and free cash flow turned positive. The company returned $1 billion in dividends and maintained strong liquidity.
- Net sales reached a record $23.9 billion, up 14% YoY.
- IFRS adjusted EBITDA fell 18% to $1.429 billion; adjusted EPS was $0.20.
- Reported net loss of $102 million due to non-recurring costs including bond tenders and antitrust settlements.
- Free cash flow improved to positive $130 million; net leverage at 3.1x with $7.7 billion liquidity.
Headline financials
Revenue by segment
Jbs NV · $12.4B total across 2 segments · Q2 2026
- JBS Beef North America$7.77B—62.7%
- Pilgrim's Pride$4.62B—37.3%
Forward guidance
No explicit numerical guidance provided; focus on operational efficiency, plant optimizations, and value-added growth.
Tailwinds
- Record revenues across key units
- Improved sequential profitability
- Strong liquidity and dividend return
Headwinds
- Leverage above target
- Plant closures in US Beef
- YoY profitability pressure from comparisons
Discussion
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