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Smithfield Foods (SFD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
Smithfield Foods (SFD) reported revenue of $3.4B for the third quarter 2026 (Q3 2026), -8% from a year earlier and -7% from the quarter before. Operating margin was 3.7%, net earnings $89.0M (2.6% of revenue).
Smithfield Foods, Q3 2026: revenue $3.4B (-8% year over year), operating margin 3.7%, net earnings $89.0M, operating cash flow $161M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -7% | -8% |
| Gross profit | $313M | -35% | -35% |
| Operating profit | $127M | -56% | -59% |
| Net earnings | $89.0M | -63% | -64% |
| Operating cash flow | $161M | -40% | 12× |
| Free cash flow | $45.0M | -77% | — |
What changed
Revenue was $3.4B in Q3 2026, down 8% year over year and down 7% from the previous quarter. Packaged Meats was the largest line at 58% of revenue. Fresh Pork lost $0.17B year over year (down 13%), 54% of the total change.
Gross margin was 9.1%, down 3.7 points from Q3 2025. Operating profit was $0.13B, a 3.7% margin (down 4.6 points year over year). Operating expenses grew 10% against a revenue fall of 8%. Net earnings were $0.09B, down 64% year over year. The effective tax rate was 24.8%.
Operating cash flow was $0.16B (up 1138% year over year), 177% of net income including minority interests. Non-cash charges added back $0.09B of depreciation and amortization. Working capital and other items used $0.02B. Capital expenditures of $0.12B left free cash flow of $0.04B.
Questions
What was Smithfield Foods' revenue in the third quarter 2026?
Smithfield Foods (SFD) reported revenue of $3.4B for the third quarter 2026 (Q3 2026), -8% from a year earlier and -7% from the quarter before.
Was Smithfield Foods profitable in the third quarter 2026?
Operating profit was $127M (3.7% of revenue) and net earnings $89.0M.
Source: Smithfield Foods 10-Q on SEC EDGAR.