Oatly (OTLY) Q2 2026: Revenue Crushes Estimates as Guidance Nearly Triples
As seen on the 24/7 Wall St. homepage on July 22, 2026.
Oatly crushed Q2 revenue expectations with a 9.9% beat while nearly tripling full-year growth guidance, now calling for 8-10% constant currency expansion versus the prior 3-5% outlook. Europe & International led the charge with 21% revenue growth fueled by surging Barista product demand, even as losses widened to $0.99 per share from an EPS miss on higher energy and logistics costs tied to Middle East disruptions.
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Oatly reported Q2 2026 revenue of $240.1 million, beating analyst estimates of $218.5 million by roughly 9.9%. That top-line strength was led by the Europe & International segment, where revenue grew 21% on surging demand for Barista products. The result extends a steady upward trend in quarterly revenue that stretches back through 2024.
The headline number that will grab investor attention, though, is the dramatic revision to full-year growth guidance. Oatly now expects 8-10% constant currency revenue expansion for the year, up sharply from the prior outlook of 3-5%. That near-tripling of the growth range signals management has considerably more confidence in the demand picture than it did just one quarter ago.
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The earnings side of the ledger was less encouraging. Oatly reported a loss of $0.99 per share against an estimated loss of $0.95, a miss of about 4%. Higher energy and logistics costs tied to Middle East disruptions drove the wider-than-expected loss, a cost headwind investors will want to monitor in coming quarters to see whether it eases or persists.
Mentioned: OTLY