PepsiCo Q2 2026: Organic Revenue Climbs 2.4%, Core EPS Hits $2.20, Full-Year Guidance Reaffirmed
PEP is trading near its 52-week low of $132.96 (7.7% above the low).
Summary
PepsiCo's Q2 2026 results featured organic revenue growth of 2.4% and core EPS of $2.20, up 4% year-over-year. Full-year guidance was affirmed, supported by the highest organic volume growth since 2022.
Key Events · Earnings and Guidance · PEP
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Q2 Organic Revenue +2.4%
Net revenue reached $24.18 billion, up 6.4% on a reported basis, with organic growth of 2.4% driven by effective net pricing and volume gains.
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Core EPS $2.20, Up 4%
Core EPS of $2.20 rose 4% year-over-year, while GAAP EPS of $2.18 surged 137% due to prior-year impairment charges.
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Full-Year Guidance Affirmed
PepsiCo reiterated its 2026 outlook for organic revenue growth of 2-4% and core constant currency EPS growth of 4-6%.
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Volume Growth Highest Since 2022
Year-to-date organic volume growth reached its highest rate since 2022, fueled by international markets and portfolio innovation.
Analysis · PEP · Manufacturing
A solid quarter underscores PepsiCo's steady operational execution, with organic revenue advancing 2.4% and core EPS reaching $2.20—a 4% year-over-year increase. Confidence in sustained momentum is evident as the company affirms its full-year 2026 guidance. Organic volume growth accelerated to its highest rate since 2022, propelled by international strength and portfolio innovation. While GAAP EPS surged 137% due to prior-year impairment charges, the core results highlight consistent performance. The reaffirmed outlook and improving volume trends offer positive signals for a consumer staple navigating cost pressures.
How filings like this one have moved
In the 30 days to Aug 23, 2026, 29.3% of the 2856 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.04%. 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, PEP was trading at $143.20 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $194.8B. The 52-week trading range was $132.96 to $171.48. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.