earnings
confidence high
sentiment positive
materiality 0.75
Smithfield Q2 FY26 net income up 26.6%, record adjusted operating profit; updates FY26 outlook
SMITHFIELD FOODS INC
2026-Q2 EPS
reported $1.23
vs consensus $0.60
▲ beat
(+103.9%)
- Q2 net sales $3.7B down 2.3% YoY; operating profit $290M up 11.6%; record adjusted op profit $300M.
- Q2 diluted EPS $0.60 vs $0.48; adjusted diluted EPS $0.62 vs $0.55; net income $238M up 26.6%.
- Packaged Meats op profit $265M, margin 13.1% vs 14.5% prior year; H1 net sales $7.5B down 0.8%.
- H1 net income $484M up 17.6%; adjusted net income $496M; diluted EPS $1.23 vs $1.05.
- Company updated FY2026 outlook citing external macro environment; specific guidance not disclosed in excerpt.