Dow Q2 2026 net sales rise 20% to $12.1 billion; GAAP EPS $0.99 vs. prior-year loss
Dow Inc. reported second-quarter 2026 net sales of $12.1 billion, up 20% from a year earlier, with higher prices in all operating segments and regions. GAAP earnings were $0.99 per share, compared with a loss of $1.18 a year earlier, and operating earnings were $1.44 per share, compared with a loss of $0.42. The company also said it expects about $200 million more in benefits from its Transform to Outperform program this year.
Key points
- Net sales were $12.1 billion, up 20% year-over-year; local price rose 20% and volume fell 1%.
- GAAP net income was $802 million, versus a loss of $801 million a year earlier; operating EBIT was $1.6 billion, up $1.7 billion.
- GAAP EPS was $0.99 and operating EPS was $1.44; significant items cost $0.45 per share, mainly Transform to Outperform costs, partly offset by a tax adjustment tied to a NOVA Chemicals payment.
- Operating cash flow from continuing operations was $1.3 billion, and dividends paid in the quarter totaled $253 million.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.