--- title: "Eastman Chemical | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 2.513 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294412619.md" datetime: "2026-07-30T20:35:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294412619.md) - [en](https://longbridge.com/en/news/294412619.md) - [zh-HK](https://longbridge.com/zh-HK/news/294412619.md) --- # Eastman Chemical | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 2.513 B Revenue: As of FY2026 Q2, the actual value is USD 2.513 B, beating the estimate of USD 2.4 B. EPS: As of FY2026 Q2, the actual value is USD 1.59, missing the estimate of USD 1.8386. EBIT: As of FY2026 Q2, the actual value is USD 311 M. ### Overall Financial Performance (Second Quarter 2026 vs. Second Quarter 2025) - **Gross Profit**: Eastman Chemical Company reported a gross profit of $560 million in the second quarter of 2026, an increase from $506 million in the prior year period. - **Net Earnings**: Net earnings attributable to Eastman Chemical Company were $183 million in the second quarter of 2026, compared to $140 million in the second quarter of 2025. - **Operating Costs and Expenses**: - Selling, general and administrative expenses were $185 million, up from $157 million. - Research and development expenses were $65 million, down from $67 million. - Asset impairments, restructuring, and other charges, net, decreased to $1 million from $13 million. - **Other Financial Items**: - Other components of post-employment (benefit) cost, net, was - $16 million, compared to - $2 million. - Other (income) charges, net, decreased to $14 million from $49 million. - Net interest expense was $55 million, up from $53 million. - The provision for income taxes increased to $72 million from $29 million. ### Overall Financial Performance (First Six Months 2026 vs. First Six Months 2025) - **Gross Profit**: Gross profit was $991 million, a decrease from $1,073 million. - **Net Earnings**: Net earnings attributable to Eastman Chemical Company were $290 million, compared to $322 million in the prior year period. ### Segment Revenue (Second Quarter 2026 vs. Second Quarter 2025) - **Advanced Materials**: Sales revenue increased by 5% to $817 million from $777 million. - **Additives & Functional Products**: Sales revenue increased by 5% to $807 million from $769 million. - **Chemical Intermediates**: Sales revenue increased by 39% to $643 million from $463 million. - **Fibers**: Sales revenue decreased by -11% to $243 million from $274 million. ### Segment Adjusted EBIT and Margin (Second Quarter 2026 vs. Second Quarter 2025) - **Advanced Materials**: Adjusted EBIT was $109 million, down from $121 million, with an adjusted EBIT margin of 13.3%, compared to 15.6%. - **Additives & Functional Products**: Adjusted EBIT was $151 million, slightly down from $153 million, with an adjusted EBIT margin of 18.7%, compared to 19.9%. - **Chemical Intermediates**: Adjusted EBIT increased significantly to $58 million from - $30 million, with an adjusted EBIT margin of 9.0%, compared to -6.5%. - **Fibers**: Adjusted EBIT decreased to $36 million from $81 million, with an adjusted EBIT margin of 14.8%, compared to 29.6%. ### Cash Flow - **Net Cash Provided by Operating Activities**: Net cash provided by operating activities in the second quarter of 2026 was $224 million, a decrease from $233 million in the second quarter of 2025. For the first six months of 2026, it was $87 million, up from $66 million in the prior year period. - **Dividends**: Eastman Chemical Company returned $96 million to stockholders through dividends during the second quarter of 2026. - **Net Cash Used in Investing Activities**: Net cash used in investing activities was - $99 million, compared to - $147 million in the second quarter of 2025. - **Capital Expenditures**: Additions to properties and equipment (capital expenditures) were - $100 million in the second quarter of 2026, down from - $150 million in the second quarter of 2025. - **Net Cash Used in Financing Activities**: Net cash used in financing activities was - $100 million, compared to - $90 million in the second quarter of 2025. - **Cash and Cash Equivalents**: Cash and cash equivalents at the end of the second quarter of 2026 were $691 million, significantly higher than $423 million at the end of the second quarter of 2025. - **Net Debt**: Net debt as of June 30, 2026, was $4,526 million, compared to $4,221 million on December 31, 2025. ### 2026 Outlook Eastman Chemical Company expects to significantly improve earnings in full-year 2026 compared to 2025, driven by innovation-driven growth and $125 million to $150 million in cost reduction savings. The company anticipates operating cash flow to approach $900 million and plans disciplined capital expenditures of approximately $400 million for the year. 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