Tyson Foods (TSN) Q2 2026 Earnings
How Did TSN Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +5.44%.
Did TSN Beat Earnings? Q2 2026 Results
Yes. Tyson Foods reported Q2 2026 earnings of $0.87 a share on May 4, 2026, beating the $0.78 consensus estimate by 11.6%. Revenue was $13.7B against a $13.6B estimate.
Tyson Foods delivered a stronger-than-expected second fiscal quarter, posting adjusted EPS of $0.87 against a consensus estimate of $0.78, a beat of 11.60%, as its Chicken segment carried the load amid persistent weakness in Beef. Revenue rose 4.4% year-over-year to $13.65 billion, edging past the $13.61 billion estimate, though the company noted that stripping out prior-year legal contingency accruals of $343 million, underlying sales growth was a more modest 1.8%. The Chicken segment was the clear engine of the quarter, generating $523 million in adjusted operating income at a 12.2% margin, while Beef continued to drag with an adjusted operating loss of $202 million on $5.21 billion in sales, reflecting tight cattle supply conditions. Tyson also reduced total debt by $747 million in the first half and returned $445 million to shareholders year-to-date. A pending $48 million pork antitrust settlement has drawn investor attention to the company's litigation exposure. Looking ahead, Tyson narrowed its fiscal 2026 adjusted operating income guidance to $2.20 billion to $2.40 billion, with revenue expected to grow 2% to 4%.
- Chicken segment drove meaningful momentum with 12.2% adjusted operating margin and $523M adjusted operating income
- Prepared Foods delivered strong 14.0% adjusted operating margin with $352M adjusted operating income
- Sales growth of 4.4% year-over-year, or 1.8% excluding legal contingency accrual impacts
- Gross profit margin expanded to 7.0% from 4.6% in the prior year quarter
- Beef segment average prices increased 11.5% partially offsetting 13.1% volume decline
- Pork segment returned to reported profitability from a loss of $181M a year ago
“We delivered strong results in the second quarter, with our Chicken and Prepared Foods segments driving meaningful momentum. Our disciplined balance sheet management, execution and diversified, multi-protein portfolio position us to capitalize on significant growth opportunities ahead.”
Tyson Foods CEO, on the earnings call
What Was Tyson Foods's Outlook in Q2 2026?
For fiscal 2026, Tyson expects total company adjusted operating income of $2.2 billion to $2.4 billion. By segment: Chicken $1.9B–$2.05B; Prepared Foods $1.25B–$1.35B; Pork $250M–$300M; International $150M–$200M; Beef operating loss of ($500M)–($350M). Corporate expenses and amortization, as adjusted, expected at $950M–$975M. Revenue expected up 2%–4% vs. fiscal 2025. Capital expenditures of $0.7B–$1.0B. Net interest expense approximately $365M. Free cash flow of $1.2B–$1.8B. Adjusted effective tax rate approximately 25%. Liquidity expected to remain above $1.0B minimum target. USDA projects domestic protein production up approximately 1%, with beef down ~2%, pork up ~2%, and chicken up ~2%.
TSN YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $13.7B | $13.1B | +4.4% |
| Gross Profit | $962.0M | $600.0M | +60.3% |
| Operating Income | $435.0M | $100.0M | +335.0% |
| Net Income | $260.0M | $7.0M | +3,614.3% |
TSN Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.