Dow Inc. (DOW) Financials
Key financial figures for Dow Inc. (Q2 2026).
Dow's net sales rose 20% year-over-year to $12.1 billion in Q2 2026 as polyethylene prices led a price-driven earnings inflection, swinging GAAP net income to $802 million from a $801 million loss a year ago. Net sales of $12.1 billion, up 20% YoY, with local price up 20% (led by higher polyethylene prices in all regions) more than offsetting a 1% volume decline; increases were reported in all three operating segments and all regions. GAAP net income of $802 million ($0.99 diluted EPS) versus an $801 million loss a year ago; Operating EPS (non-GAAP) was $1.44 versus a $0.42 loss in Q2 2025, excluding $0.45/share of significant items (mostly Transform to Outperform costs, partly offset by a tax benefit tied to a NOVA Chemicals payment). On the outlook: No specific numeric guidance was issued for Q3 2026 or the second half of 2026. Management raised full-year 2026 Transform to Outperform self-help benefit guidance to more than $1.3 billion (from a prior $1.1 billion) and said it expects the impact of those efforts to ramp significantly through the remainder of 2026 and into 2027, prioritizing growth and innovation, portfolio strengthening, and balanced capital allocation. Figures are for Q2 2026, as Dow Inc. reported them.
- Revenue
- $12.1B
- Net Income
- $802M
- EPS
- $0.99
- Total Assets
- $61.6B
- Operating Cash Flow
- $1.3B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $12.1B | $721M | $0.99 | 7.29% | $699M |
| Q1 FY2026 | $9.8B | -$445M | -$0.74 | -0.32% | $621M |
| Q4 FY2025 | $9.5B | -$1.5B | -$2.15 | -11.04% | -$1.4B |
| Q3 FY2025 | $10.0B | $62M | $0.08 | 1.59% | $563M |
| Q2 FY2025 | $10.1B | -$835M | -$1.18 | 0.09% | -$1.1B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $40.0B | -$2.6B | -$3.69 | 0.65% | -$1.4B |
| FY2024 | $43.0B | $1.1B | $1.57 | 4.8% | -$151M |
| FY2023 | $44.6B | $589M | $0.82 | 5.64% | $2.7B |
Frequently asked questions
What was Dow Inc.'s revenue last quarter?
Dow Inc. reported revenue of $12.09 billion for Q2 FY2026, up 19.7% from the same period a year earlier.
Is Dow Inc. profitable?
Yes. Dow Inc. reported net income of $721.0 million for Q2 FY2026, a net margin of 5.96% on revenue.
How has Dow Inc.'s margin trended?
Operating margin was 7.29% in Q2 FY2026, compared with 0.09% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Dow Inc. report next?
Dow Inc. is scheduled to report results on 2026-10-22. The company has confirmed that date.
Full income statement, balance sheet and cash flow for Dow Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.