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PepsiCo (PEP) Reports Next Week: Wall Street Expects Earnings Growth

PepsiCo (PEP) will report Q2 2026 earnings next week, with analysts expecting revenue of $22.5B (up 4.5% YoY) and EPS of $2.45 (up 6.0% YoY). However, the stock may not have the right mix for an earnings beat.

July 2, 2026
2 min read
Source: Zacks
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Key Numbers

revenue estimate
22.5B
eps estimate
2.45
revenue growth
4.5%
eps growth
6.0%

PepsiCo (PEP) is set to report its Q2 2026 earnings results next week, with Wall Street expecting growth in both revenue and earnings. Analysts forecast revenue of $22.5 billion, up 4.5% year-over-year, and earnings per share (EPS) of $2.45, a 6.0% increase from the same period last year. Despite these expectations, some analysts believe the stock lacks the key ingredients for a positive earnings surprise.

Key Financial Metrics

MetricQ2 2026 (Est.)Q2 2025Change
Revenue$22.5B$21.5B+4.5%
EPS$2.45$2.31+6.0%
Net IncomeTBA$3.2B-

Highlights from the Report

No official statement has been released yet, but growth is expected to be driven by price increases and operational efficiencies, despite ongoing inflationary pressures on consumers.

Forward Guidance

PepsiCo has not provided official guidance for Q3, but analysts expect the company to reiterate its prior outlook for mid-to-high single-digit revenue and earnings growth.

Impact on Stock

The stock may not see significant movement post-earnings, as current expectations do not point to a major surprise. A miss could lead to a 2-3% decline, while a beat may result in a modest uptick.

What This Means for Investors

PepsiCo remains a defensive holding for investors, offering stable dividends and moderate growth. However, those seeking higher growth may find better opportunities elsewhere.

Frequently Asked Questions

PepsiCo is expected to report Q2 2026 earnings next week, though an exact date has not been specified.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.