EL Q2 2026 Earnings
Reported Feb 5, 2026 at 8:05 AM ET · SEC Source
Q2 26 EPS
$0.89
BEAT +6.60%
Est. $0.83
Q2 26 Revenue
$4.23B
MISS 0.16%
Est. $4.24B
vs S&P Since Q2 26
-17.4%
TRAILING MARKET
EL -11.3% vs S&P +6.2%
Market Reaction
Did EL Beat Earnings? Q2 2026 Results
Estée Lauder Companies posted a confident fiscal second quarter, beating earnings expectations while falling just shy on revenue as CEO Stéphane de La Faverie's "Beauty Reimagined" turnaround strategy continued to gain momentum. Adjusted diluted EPS … Read more Estée Lauder Companies posted a confident fiscal second quarter, beating earnings expectations while falling just shy on revenue as CEO Stéphane de La Faverie's "Beauty Reimagined" turnaround strategy continued to gain momentum. Adjusted diluted EPS came in at $0.89, clearing the $0.83 consensus estimate by 6.60%, while net sales of $4.23 billion rose 5.6% year over year but missed the $4.24 billion consensus by a slim 0.16%. The standout driver was the company's Profit Recovery and Growth Plan, which expanded adjusted operating margin by 290 basis points to 14.4% as procurement efficiencies and cost reductions funded heavier consumer-facing investment, with Skin Care and Fragrance each delivering 6% organic growth. Mainland China delivered double-digit sales growth for a second consecutive quarter, adding geographic breadth to the recovery story. Looking ahead, management raised its full-year fiscal 2026 guidance, now targeting adjusted EPS of $2.05 to $2.25 and as-reported net sales growth of 3% to 5%, even as roughly $100 million in tariff headwinds are expected to weigh more heavily in the second half.
Key Takeaways
- • Profit Recovery and Growth Plan (PRGP) driving procurement efficiencies and expense optimization
- • Strong performance during key shopping moments including 11.11 Global Shopping Festival and holiday season
- • Mainland China double-digit retail sales growth for second consecutive quarter
- • Luxury fragrance brands (TOM FORD, Le Labo, KILIAN PARIS) driving high-single-digit fragrance growth across all regions
- • Increased consumer-facing investments supporting activations and innovation
- • Lower excess and obsolescence costs
- • Absence of prior-year $861 million goodwill and intangible asset impairments
EL YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
EL Revenue by Segment
With YoY comparisons, source: SEC Filings
EL Revenue by Geography
With YoY comparisons, source: SEC Filings
“We delivered excellent second quarter results to solidify a strong first half of fiscal 2026. In this pivotal year, Beauty Reimagined has invigorated our business as we execute the biggest operational, leadership, and cultural transformation in our history. On its one-year anniversary, we raise our fiscal 2026 outlook confident in the strength of our turnaround, even as our second half reflects previously-expected headwinds and now-greater consumer-facing investments, as we expect to restore organic sales growth and expand our operating margin for the first time in four years.”
— Stéphane de La Faverie, Q2 2026 Earnings Press Release
EL Earnings Trends
EL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EL EPS Trend
Earnings per share: estimate vs actual
EL Revenue Trend
Quarterly revenue: estimate vs actual
EL Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $0.65 | $0.91 | +40.43% | $3.71B | +0.62% |
| Q2 26 BEAT | $0.83 | $0.89 | +6.60% | $4.23B | -0.16% |
| Q1 26 BEAT | $0.18 | $0.32 | +81.92% | $3.48B | +2.94% |
| Q4 25 BEAT FY | $0.09 | $0.09 | +1.01% | $3.41B | +0.35% |
| FY Full Year | — | $1.51 | — | $14.33B | — |