Dow Inc. delivered an adjusted loss of $0.34 per share for the quarter ended December 2025, surpassing consensus forecasts by $0.05 per share. Revenue totaled $9.46 billion, down 9% year-over-year as lower selling prices and volume reductions impacted all business segments. While the earnings result topped analyst expectations, top-line performance fell short, driven by weakened demand in specialty materials and basic chemicals. Following the release, Dow Inc. shares declined 4.66% in the session immediately after the announcement.

To offset margin pressure and bolster long-term profitability, Dow Inc. unveiled its “Transform to Outperform” plan targeting $2 billion in operating EBITDA gains through productivity enhancements and portfolio optimization. The program anticipates one-time costs of $1.1 to $1.5 billion, primarily for severance affecting approximately 4,500 positions. Management projects run-rate savings by late 2026 and expects the initiative to drive margin expansion despite near-term restructuring charges.