Westlake

Q2 FY2026 EarningsQ2 FY2026 results significantly beat consensus expectations across top and bottom-line metrics: revenue of $3.27B exceeded the $3.25B forecast, and GAAP EPS of $2.01 substantially outperformed the $1.84 consensus. The Performance and Essential Materials (PEM) segment drove the beat with a 13% YoY sales increase fueled by strong polyethylene and PVC pricing, while gross margin of 20.00% came in above the 19.56% estimate. Despite a $67M antitrust settlement impacting the HIP segment, robust cash flow and debt redemption of $496M highlight a strong quarter of operational recovery and balance sheet optimization.