Dow reports Q2 2026 operating EPS of $1.44 vs. ($0.42) loss prior year on polyethylene pricing

Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• high

  Net sales rose 20% YoY to $12.1B with operating EPS of $1.44 versus a $0.42 loss in Q2 2025; operating EBIT improved $1.7B YoY to $1.6B, driven by higher polyethylene prices across all regions and self-help initiatives.

  Exhibit 99.1 view on EDGAR →
• high

  Dow raised 2026 Transform to Outperform guidance by ~$200M, bringing total expected in-year self-help benefits to greater than $1.3B, with impacts expected to ramp through remainder of 2026 and into 2027.

  Exhibit 99.1 view on EDGAR →
• high

  Packaging & Specialty Plastics segment net sales increased 27% YoY to $6.4B with operating EBIT up $1.2B to $1.3B, driven by 30% higher local prices (primarily polyethylene) partially offset by 4% lower volumes from planned maintenance.

  Exhibit 99.1 view on EDGAR →