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

Total Revenue

$23.9B

No prior period
EPS (adj)

$0.20

No prior period
Adjusted EBITDA (IFRS)

$1.43B

No prior period
Net Leverage

3.1

No prior period
Free Cash Flow

$130M

No prior period
Net Income

-$102M

No prior period
Operating Income

$790M

No prior period

Revenue by segment

Jbs NV · $12.4B total across 2 segments · Q2 2026

  • JBS Beef North America
    $7.77B
  • Pilgrim's Pride
    $4.62B

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

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