Filing Flows › Pilgrims Pride (PPC) › Q2 2026
Pilgrims Pride (PPC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Pilgrims Pride (PPC) reported revenue of $4.6B for the second quarter 2026 (Q2 2026), -3% from a year earlier and +2% from the quarter before. Operating margin was 1.4%, net earnings $13.2M (0.3% of revenue).
Pilgrims Pride, Q2 2026: revenue $4.6B (-3% year over year), operating margin 1.4%, net earnings $13.2M, operating cash flow $331M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | +2% | -3% |
| Gross profit | $340M | -2% | -53% |
| Operating profit | $66.0M | -59% | -87% |
| Net earnings | $13.2M | -87% | -96% |
| Operating cash flow | $331M | +135% | -33% |
| Free cash flow | $76.8M | — | -77% |
What changed
Revenue was $4.6B in Q2 2026, down 3% year over year and up 2% from the previous quarter. Fresh was the largest line at 66% of revenue. Fresh lost $0.18B year over year (down 6%), 140% of the total change.
Gross margin was 7.3%, down 7.7 points from Q2 2025. Operating profit was $0.07B, a 1.4% margin (down 9.3 points year over year). Operating expenses grew 35% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+149%). Net earnings were $0.01B, down 96% year over year. The effective tax rate was 39.3%.
Operating cash flow was $0.33B (down 33% year over year), 2504% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.19B. Capital expenditures of $0.25B left free cash flow of $0.08B.
Questions
What was Pilgrims Pride's revenue in the second quarter 2026?
Pilgrims Pride (PPC) reported revenue of $4.6B for the second quarter 2026 (Q2 2026), -3% from a year earlier and +2% from the quarter before.
Was Pilgrims Pride profitable in the second quarter 2026?
Operating profit was $66.0M (1.4% of revenue) and net earnings $13.2M.
Source: Pilgrims Pride 10-Q on SEC EDGAR.