Coca-Cola Q2 2026: revenue up 7.0%, EPS up 16.0%, guidance raised
Coca-Cola's second quarter of 2026 was a clean beat and raise: revenue rose 7.0% to $13.38 billion, GAAP EPS rose 16.0% to $1.03, and management lifted full-year guidance for organic revenue, comparable EPS and free cash flow. Volume, price/mix and margins all moved the right way, though a meaningful slice of the earnings lift is currency. Read the scorecard first, then the guidance math and the balance sheet.
1 · Expected vs. Actual
Free preview belowGAAP EPS rose 16.0% to $1.03, and comparable EPS rose 11.0% to $0.97 against a consensus estimate of $0.9603, a beat of roughly 1.0%. Reported EPS carried a 4-point currency tailwind and comparable EPS a 2-point one, so translation did real work here. GAAP landing above comparable EPS is partly down to items the company strips out, including unrealized gains on equity and trading debt securities.
Net revenues rose 7.0% to $13.38 billion from $12.54 billion a year ago, and organic revenues grew 6.0%. The mix was healthy: unit case volume grew 5.0%, led by India, China, the United States and Brazil, while price/mix added 2.0%. Concentrate sales ran 1 point behind volume purely on shipment timing, not demand.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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