Smurfit Westrock (SW) Q2 FY2026 earnings: revenue $8.0 billion, up 1.1% on the year
Smurfit Westrock plc (SW) reported revenue of $8.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 1.1% on the same quarter a year earlier. Net income was $89 million, and diluted earnings per share $0.17. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.
Revenue
$8.0 billion
+1.1% on the year · +4.1% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
3.8%
3.2% a year earlier
Q3 FY2024Q2 FY2026
Net income
$89 million
+36.9% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$0.17
+41.7% on the quarter
Q3 FY2024Q2 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 lowered, 1 new, 1 kept.
Net income turned positive: Net income was $88 million against a $26 million loss a year earlier. Basic EPS was $0.17, against $(0.05).
Adjusted EBITDA lower year on year: Adjusted EBITDA was $1,140 million against $1,213 million, a 14.2% margin against 15.3%. Management said the quarter was affected by higher input costs.
North America margin lower: North America Adjusted EBITDA was $704 million against $752 million, a 14.8% margin against 15.8%. Net sales were $4,656 million against $4,652 million.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
765
204
829
+275.0%
-7.7%
Capital expenditure
465
624
522
-25.5%
-10.9%
Free cash flow
300
-420
307
-2.3%
Free cash flow margin
3.7%
-5.4%
3.9%
Cash from investing
-448
-627
-520
Cash from financing
-318
209
-355
Depreciation and amortisation
678
728
613
-6.9%
+10.6%
Share-based compensation
27.0
28.0
36.0
-3.6%
-25.0%
Buybacks
n/a
n/a
0.0
Dividends paid
237
237
225
0.0%
+5.3%
Dividend per share
$0.45
$0.45
$0.43
0.0%
+4.7%
Diluted shares, weighted
526m
526m
522m
0.0%
+0.8%
Shares outstanding at period end
525m
524m
522m
+0.0%
+0.5%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
18,036
18,058
18,297
-0.1%
-1.4%
Non-controlling interest
24.0
25.0
27.0
-4.0%
-11.1%
Debt
14,164
14,255
14,363
-0.6%
-1.4%
Other liabilities
12,977
12,832
13,059
+1.1%
-0.6%
Total liabilities and equity
45,201
45,170
45,746
+0.1%
-1.2%
Goodwill
7,175
7,186
7,207
-0.2%
-0.4%
Intangible assets
1,021
1,036
1,107
-1.4%
-7.8%
Cash and equivalents
677
674
778
+0.4%
-13.0%
Receivables
4,922
4,644
4,844
+6.0%
+1.6%
Inventory
3,612
3,583
3,774
+0.8%
-4.3%
Other assets
27,794
28,047
28,036
-0.9%
-0.9%
Total assets
45,201
45,170
45,746
+0.1%
-1.2%
Questions
What was Smurfit Westrock's revenue in Q2 FY2026?
Smurfit Westrock (SW) reported revenue of $8.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 1.1% on the same quarter a year earlier.
How much did Smurfit Westrock earn in Q2 FY2026?
Net income for Q2 FY2026 was $89 million, and diluted earnings per share $0.17.
When did Smurfit Westrock report Q2 FY2026 results?
Smurfit Westrock filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 31 July 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 June 2026, filed 31 July 2026: the filing.