JBT Marel

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus: revenue of $981M slightly missed the $988M expected, while GAAP EPS of $0.54 significantly missed the $1.11 consensus due to a $33M non-cash impairment. However, Adjusted EPS of $1.95 was nearly in-line with the $2.02 mean, and orders exceeded $1B for the first time, driving a record $1.54B backlog. Management reiterated full-year revenue and EBITDA guidance while refining Adjusted EPS to $7.85 - $8.35.