International Flavors & Fragrances Inc. (IFF)

International Flavors & Fragrances’ adjusted EPS of $0.82 missed the $1.07 estimate by -23.4%, and revenue of about $1.95 billion also missed the about $2.6 billion consensus by -25.4% in the second fiscal quarter of 2026, reported Aug. 4. Revenue fell 29% to about $1.95 billion from about $2.8 billion a year ago, with gross margin holding near 44% and operating margin around 8% as operating income came to about $158 million. Net income was about $50 million, down 92% from about $612 million a year earlier, while adjusted EPS of $0.82 was down 29% from $1.15. Operating cash flow was about $422 million, and the company repurchased about $36 million of stock. Consensus for the next period calls for EPS of $1.14 on revenue of $2.64 billion.