International Paper

Q2 FY2026 EarningsQ2 FY26 results presented a mixed performance: revenue of $6.00B missed the $6.22B consensus by 3.51%, while GAAP EPS of -$0.02 beat the expected -$0.0362. Gross margin significantly outperformed at 27.65% vs. 25.13% expected, driven by successful pricing realization in Packaging Solutions North America (PS NA) and disciplined cost management. Despite a $12M GAAP net loss, the company reported adjusted operating earnings of $18M, bolstered by a 1.7% increase in daily box shipments. Management anticipates sequentially higher adjusted EBITDA in Q3 FY26, supported by lower maintenance downtime and ongoing pricing momentum.