Nestlé S.A. Non-GAAP EPS of CHF 2.22, revenue of CHF 43.11B; reaffirms FY2026 outlook

Nestlé reported H1 Non-GAAP EPS of CHF 2.22 and revenue of CHF 43.11B, down 2.5% year-over-year. Operating cash flow rose to CHF 6.3 billion, with free cash flow increasing to CHF 3.4 billion. The company reaffirmed its FY2026 outlook, projecting organic growth of 3-4%, a -3% foreign exchange impact, and improving UTOP margins. Free cash flow for the full year is expected to exceed CHF 9 billion.