JBT Marel

Q2 FY2026 EarningsQ2 FY26 results missed consensus on the bottom line, with Normalized EPS of $1.95 vs. $2.02 expected and Revenue of $981M vs. $988M expected. Despite organic volume growth and favorable currency translation, a $33M intangible asset impairment charge weighed on GAAP performance, while Prepared Food and Beverage Solutions saw productivity inefficiencies. Management reiterated full-year growth expectations supported by record backlog, though Q2 performance indicates margin headwinds in specific segments.