TSN Q1 2026 Earnings
Reported Feb 2, 2026 at 7:03 AM ET · SEC Source
Q1 26 EPS
$0.97
BEAT +3.08%
Est. $0.94
Q1 26 Revenue
$14.31B
BEAT +2.11%
Est. $14.02B
vs S&P Since Q1 26
-18.6%
TRAILING MARKET
TSN -12.2% vs S&P +6.4%
Market Reaction
Did TSN Beat Earnings? Q1 2026 Results
Tyson Foods delivered a broad beat in fiscal Q1 2026, with adjusted EPS of $0.97 clearing the $0.94 consensus by 3.08% and revenue of $14.31 billion topping estimates by 2.11% on 5.1% year-over-year growth, though the results carried meaningful compl… Read more Tyson Foods delivered a broad beat in fiscal Q1 2026, with adjusted EPS of $0.97 clearing the $0.94 consensus by 3.08% and revenue of $14.31 billion topping estimates by 2.11% on 5.1% year-over-year growth, though the results carried meaningful complexity beneath the headline numbers. The single most consequential drag was the Beef segment, which swung to an adjusted operating loss of $143 million from income of $6 million a year ago, as tight domestic cattle supply and elevated livestock costs overwhelmed a 17.2% average price increase, a dynamic management expects to persist with Beef guided to an adjusted operating loss of $250 million to $500 million for the full fiscal year. Chicken remained the company's engine, generating $459 million in adjusted segment income while posting its fifth consecutive quarter of volume growth at 3.7%, and full-year Chicken guidance of $1.65 billion to $1.90 billion anchors the company's total adjusted operating income outlook of $2.1 billion to $2.3 billion. The strength in poultry mirrors favorable demand trends visible across the broader chicken industry. Tyson also reduced net debt leverage to 2.0x and guided free cash flow of $1.1 billion to $1.7 billion for fiscal 2026.
Key Takeaways
- • Prepared Foods delivered top and bottom-line growth
- • Chicken reported fifth consecutive quarter of year-over-year volume gains (3.7% volume increase)
- • Beef segment average price increased 17.2% but volumes declined 7.3%
- • Pork segment adjusted operating income grew to $111 million from $73 million year-over-year
- • Legal contingency accruals of $150 million recognized as reduction to sales impacted GAAP results
- • Restructuring and related charges of $115 million impacted operating income
- • Impairment of equity investments of $73 million impacted net income
TSN YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
TSN Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our first quarter results reflect solid execution across our portfolio. Prepared Foods delivered top and bottom-line growth while Chicken reported its fifth consecutive quarter of year-over-year volume gains. As protein demand continues to increase, our consistent share gains demonstrate we are well-positioned to capture this momentum. I'm encouraged by the progress we've made and confident we will drive continued improvement across the controllable aspects of our business in fiscal 2026.”
— Donnie King, Q1 2026 Earnings Press Release
TSN Earnings Trends
TSN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TSN EPS Trend
Earnings per share: estimate vs actual
TSN Revenue Trend
Quarterly revenue: estimate vs actual
TSN Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.78 | $0.87 | +11.60% | $13.65B | +0.32% |
| Q1 26 BEAT | $0.94 | $0.97 | +3.08% | $14.31B | +2.11% |
| Q4 25 BEAT FY | $0.83 | $1.15 | +37.77% | $13.86B | -1.49% |
| FY Full Year | — | $4.12 | — | $54.44B | — |
| Q3 25 BEAT | $0.78 | $0.91 | +16.18% | $13.88B | +2.42% |