TSN Q2 2026 Earnings
Reported May 4, 2026 at 7:31 AM ET · SEC Source
Q2 26 EPS
$0.87
BEAT +11.60%
Est. $0.78
Q2 26 Revenue
$13.65B
BEAT +0.32%
Est. $13.61B
vs S&P Since Q2 26
-14.1%
TRAILING MARKET
TSN -12.0% vs S&P +2.1%
Market Reaction
Did TSN Beat Earnings? Q2 2026 Results
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% y… Read more 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%.
Key Takeaways
- • 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
TSN Forward Guidance & Outlook
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
Q2 2026 vs Q2 2025, source: SEC Filings
TSN Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Donnie King, Q2 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% |