PepsiCo, Inc. (PEP)

PepsiCo Inc beat expectations on both the top and bottom line in the second fiscal quarter of 2026, reported July 9, with EPS of $2.20 topping the $2.19 estimate by about 0.5% and revenue of about $24.2 billion edging the $23.95 billion consensus by about 1.0%. Revenue rose 6.4% from a year earlier to about $24.2 billion, while gross profit came in at about $13.1 billion and gross margin held near 54%; operating income was about $4.0 billion, with operating margin near 17%. Net income climbed 137.8% to about $3.0 billion from $1.26 billion a year ago, and EPS of $2.20 was up 3.8% from $2.12 last year. Operating cash flow was about $2.3 billion, the company repurchased about $297 million of stock, and it paid about $2.0 billion in dividends. Consensus for the next period calls for EPS of $2.32 on revenue of $25.00 billion.