Filing Flows › Hershey (HSY) › Q2 2026
Hershey (HSY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Hershey (HSY) reported revenue of $2.8B for the second quarter 2026 (Q2 2026), +7% from a year earlier and -10% from the quarter before. Operating margin was 23.1%, net earnings $458M (16.4% of revenue).
Hershey, Q2 2026: revenue $2.8B (+7% year over year), operating margin 23.1%, net earnings $458M, operating cash flow $419M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -10% | +7% |
| Gross profit | $1.3B | +3% | +59% |
| Operating profit | $643M | +0.3% | +233% |
| Net earnings | $458M | +5% | +630% |
| Operating cash flow | $419M | -11% | +274% |
| Free cash flow | $329M | -7% | 12× |
What changed
Revenue was $2.8B in Q2 2026, up 7% year over year and down 10% from the previous quarter.
Gross margin was 45.3%, up 14.9 points from Q2 2025. Operating profit was $0.64B, a 23.1% margin (up 15.7 points year over year). Of the extra revenue versus Q2 2025, 261% reached operating profit, above the 7% margin then. Operating expenses grew 3% against revenue growth of 7%. Net earnings were $0.46B, up 630% year over year. The effective tax rate was 22.2%.
Operating cash flow was $0.42B (up 274% year over year), 92% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.19B. Capital expenditures of $0.09B left free cash flow of $0.33B.
Questions
What was Hershey's revenue in the second quarter 2026?
Hershey (HSY) reported revenue of $2.8B for the second quarter 2026 (Q2 2026), +7% from a year earlier and -10% from the quarter before.
Was Hershey profitable in the second quarter 2026?
Operating profit was $643M (23.1% of revenue) and net earnings $458M.
Source: Hershey 10-Q on SEC EDGAR.