| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 11.3K | 6.8% | 13.0% |
| Total Income | 11.3K | 6.8% | 13.0% |
| Expenditure | 10.7K | 5.4% | 7.3% |
| PBT | 642.00 | 26.3% | 817.1% |
| Net Profit | 458.00 | 36.5% | 638.7% |
| OPM | — | ||
| NPM | 4.07% | 1.90pp | 3.44pp |
| EPS | 0.63 | 36.4% | 687.5% |
Dow Reports Third Quarter 2026 Results with Net Sales Up 13% Year-over-Year
22 Oct 2026 · 1d ago, 4:31 pm
Summary
Dow Inc. announced strong third quarter 2026 results, with net sales reaching $11.3 billion, a 13% increase year-over-year, fueled by a 14% rise in local prices across all segments. GAAP net income was $525 million, and operating EBIT surged to $887 million, a significant improvement from the prior year. The company highlighted disciplined execution and targeted downstream growth as key drivers, with management expressing confidence in achieving transformation benefits and building a more resilient Dow.
Key Highlights
- 1
Dow reported third quarter 2026 net sales of $11.3 billion, an increase of 13% year-over-year, driven by gains across all operating segments.
- 2
Local price increased 14% versus the year-ago period, with higher polyethylene prices in all regions contributing significantly.
- 3
GAAP net income was $525 million, and Operating EBIT was $887 million, up $707 million year-over-year.
- 4
GAAP earnings per share (EPS) was $0.62, and operating EPS was $0.71, compared to a loss of $0.19 in the year-ago period.
- 5
Cash provided by operating activities from continuing operations was $1.8 billion, up $709 million year-over-year.
- 6
The Packaging & Specialty Plastics segment saw net sales increase by 18% to $5.8 billion, with local price up 17% year-over-year.
- 7
The company is on track to achieve its upsized $700 million in growth and productivity benefits in 2026 from its transformation initiatives.
Management Comments
Karen S. Carter
Dow delivered a solid third quarter, driven by targeted downstream growth and disciplined execution against an evolving macro backdrop. Our teams are delivering on our unique-to-Dow self-help commitments – including our 2025 $1 billion cost program, our European asset actions, and Transform to Outperform. Specific to the transformation, we are on track to achieve the upsized $700 million in growth and productivity benefits in 2026, as well as the approximately $2 billion in total uplift by the end of next year. In addition, we captured sequential gains from the first of our three European asset shutdowns, where the total benefits are expected to build through 2027. We also remain focused on cash, including releasing more than $400 million of working capital during the quarter and reducing debt by approximately $600 million year-to-date. Our near-term actions are building a Dow that delivers stronger, more consistent results and long-term value for our shareholders. We are building a more resilient and competitive Dow that is positioned to create long-term value through our continued focus on three priorities. First, driving growth and innovation in higher-value areas of our businesses where demand is growing well above GDP – including applications for AI infrastructure, home and personal care, electronics, flexible packaging and mobility. Second, we are taking action to strengthen the competitiveness of Dow’s portfolio by investing in differentiated low-cost positions while shutting down higher-cost upstream capacity. And third, we’re maintaining a disciplined and balanced approach to capital allocation that supports long-term shareholder value creation. These priorities are underpinned by our self-help actions, which are on track to deliver more than $1 billion of EBITDA uplift in both 2026 and 2027.
Informational and educational content only. Not investment advice.