Dow's Q2 sales slightly beat estimates on higher polyethylene prices
DOW•Outlook
Dow expects in-year benefits from Transform to Outperform to exceed $1.3 billion in 2026. The company said the impact from self-help initiatives should ramp through the remainder of 2026 and into 2027.
What drove the results
- Higher polyethylene prices — The company said higher polyethylene prices in all regions drove sales and margin expansion, especially in Packaging & Specialty Plastics.
- Self-help initiatives — Dow said its self-help actions, including the Transform to Outperform program, contributed to improved earnings and productivity.
- Planned maintenance and conflict impacts — Volume declines in Packaging & Specialty Plastics and Industrial Intermediates & Infrastructure were attributed to planned maintenance activity and impacts from the Middle East conflict.
Key figures and analyst view
| Metric | Result | Consensus Estimate |
|---|---|---|
| Q2 Net Sales | $12.09 billion | $12.03 billion |
| Q2 EPS | $0.99 | n/a |
The current average analyst rating on the shares is hold, with 8 or ratings, 10 ratings and 2 or ratings. The average consensus recommendation for the commodity chemicals peer group is .
