Oatly Q2 Revenue Jumps 15%, Raises 2026 Outlook; Board Seat Shifts to China Resources
OTLY sits 22% above its 52-week low of $8.01 on elevated volume (2.0× avg).
Summary
Oatly reported Q2 2026 revenue of $240.1 million, up 15.2% year-over-year, with Adjusted EBITDA turning positive. The company raised its full-year revenue growth outlook to 8–10% constant currency, driven by accelerating growth in Europe and North America.
Key Events · Earnings and Guidance · OTLY
-
Q2 Revenue Beats, Up 15.2%
Revenue reached $240.1 million, driven by 16.9% volume growth in Europe & International and 5.9% growth in North America. Constant currency growth was 12.7%.
-
Adjusted EBITDA Turns Positive
Adjusted EBITDA was $0.4 million, a $4.0 million improvement from a loss of $3.6 million in Q2 2025, driven by higher gross profit and operating leverage.
-
FY2026 Revenue Outlook Raised
Constant currency revenue growth guidance increased to +8% to +10% from +3% to +5%, with foreign exchange expected to add 200-250 bps tailwind.
-
Gross Margin Expands 143 bps
Gross margin improved to 33.9% from 32.5% a year ago, reflecting supply chain efficiencies and favorable channel mix in North America and Europe.
Analysis · OTLY · Manufacturing
A strong second quarter saw revenue climb 15.2% to $240.1 million, while gross margin expanded 143 basis points to 33.9%. Adjusted EBITDA swung to a positive $0.4 million—a $4 million improvement from the prior year. Reflecting accelerating momentum in Europe and North America, management lifted its full-year constant currency revenue growth guidance to 8–10%, up from 3–5%. The board change, with China Resources replacing its director, is routine but highlights the strategic importance of the Greater China business, which remains under review. With $44.6 million in cash and $517.8 million in debt, the improved operating trajectory is critical for Oatly's path to sustainable profitability.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.5% of the 1055 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OTLY was trading at $9.78 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $282.6M. The 52-week trading range was $8.01 to $18.84. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.