Dow Inc. earnings overview

DOW FY2026 Q2 · Calendar Q3 2026

Dow Inc.

Dow delivered a strong second quarter with net sales of $12.1 billion, up 20% year over year, and operating EBITDA of $2.3 billion, beating EPS estimates by 15.2%. The completion of the $1 billion cost-savings program and continued self-help initiatives are driving margin expansion even as polyethylene pricing faces headwinds from planned turnarounds. Management's strategic pivot toward high-value end markets—particularly data-center cooling and specialty silicones—signals a deliberate shift from commodity chemicals toward higher-margin applications. However, Q3 EBITDA guidance of $1.7 billion implies a meaningful sequential decline, reflecting expected margin compression from maintenance turnarounds and softer seasonal demand, partially offset by ongoing self-help actions.