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Tyson Foods (TSN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 4, 2026
Tyson Foods (TSN) reported revenue of $13.7B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and -5% from the quarter before. Operating margin was 3.2%, net earnings $264M (1.9% of revenue).
Tyson Foods, Q2 FY26: revenue $13.7B (+4% year over year), operating margin 3.2%, net earnings $264M, operating cash flow −$113M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.7B | -5% | +4% |
| Gross profit | $962M | +19% | +60% |
| Operating profit | $435M | +44% | +335% |
| Net earnings | $264M | +193% | 19× |
| Operating cash flow | −$113M | -112% | — |
What changed
Revenue was $13.7B in Q2 FY26, up 4% year over year and down 5% from the previous quarter.
Gross margin was 7.0%, up 2.5 points from Q2 FY25. Operating profit was $0.43B, a 3.2% margin (up 2.4 points year over year). Of the extra revenue versus Q2 FY25, 58% reached operating profit, above the 1% margin then. Operating expenses grew 5% against revenue growth of 4%. Net earnings were $0.26B, up 3614% year over year. The effective tax rate was 26.5%.
Operating cash flow was −$0.11B. Non-cash charges added back $0.35B of depreciation and amortization. Working capital and other items used $0.73B. Capital expenditures of $0.14B exceeded it, leaving free cash flow of −$0.26B.
Questions
What was Tyson Foods' revenue in the second quarter fiscal 2026?
Tyson Foods (TSN) reported revenue of $13.7B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and -5% from the quarter before.
Was Tyson Foods profitable in the second quarter fiscal 2026?
Operating profit was $435M (3.2% of revenue) and net earnings $264M.
Source: Tyson Foods 10-Q on SEC EDGAR.