SMITHFIELD FOODS INC (SFD) Form 10-Q — Aug 11, 2026
Smithfield Foods' fiscal 2026 second-quarter net income attributable to the company rose 26.6% to $238 million, with diluted EPS of $0.60 versus $0.48 a year ago, even as sales slipped 2.3% to $3.7 billion. First-half net income attributable to Smithfield reached $484 million on sales of $7.5 billion. Segment results were mixed: Hog Production operating profit surged 192% to $64 million, while Fresh Pork fell 59% to $14 million and the core Packaged Meats segment declined 12% to $265 million amid cautious consumer spending. Adjusted EBITDA rose to $403 million with margin expanding to 10.9% from 10.1%, helped by lapping $80 million of litigation charges recorded in the prior-year quarter.
Key figures
- Eps
- 0.6
- Revenue
- 3700
- Guidance
- FY2026 capital expenditures of $350-450 million; remaining FY2026 quarterly dividends anticipated unchanged, implying a $1.25 annual dividend rate
- Net Income
- 238
- Total Debt
- 2004
- Revenue Yoy
- -2.3%
- Total Assets
- 12014
- Cash Position
- 1350
- Units
- USD millions except per-share and ratio data
- Net debt
- 654
- Six month sales
- 7500
- Q2 adjusted ebitda
- 403
- Available liquidity
- 3648
- Q2 operating margin
- 7.8%
- Q2 operating profit
- 290
- Effective tax rate q2
- 21.3%
- Six month diluted eps
- 1.23
- Fresh pork op profit q2
- 14
- Nathans price per share
- 102
- Q2 adjusted diluted eps
- 0.62
- Q2 adjusted ebitda margin
- 10.9%
- Q2 diluted eps prior year
- 0.48
- Annual dividend rate fy2026
- 1.25
- Hog production op profit q2
- 64
- Net debt to adjusted ebitda
- 0.4x
- Packaged meats op profit q2
- 265
- Nathans estimated total cost
- $450-500 million
- Quarterly dividend per share
- 0.3125
- Shares outstanding aug 9 2026
- 393767431
- Sioux falls proposed investment
- up to $1.3 billion over three years
- Litigation contingent liabilities
- 148
- Six month net income attributable
- 484
- Q2 adjusted diluted eps prior year
- 0.55
- Q2 net income prior year attributable
- 188
Price after filing
Close on the filing date to close N calendar days later (from $25.40). Historical, not a forecast.
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