Dow stock gained 1.38 percent ahead of October earnings

Published on 10/05/2026 at 14:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dow stock posted USD 12.092 billion in Q2 revenue on July 23, up 20 percent year over year. Analysts set a USD 34.82 average target ahead of October 22 earnings.

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Dow (ISIN US2605571031) stock gained 1.38 percent to USD 27.97 on October 2, with trading ranging from USD 27.26 to USD 28.15 on the NYSE. The next earnings release is scheduled for October 22, 2026, giving the market a defined checkpoint after a series of recent target cuts.

Second quarter showed a sharp rebound

According to Trivano on July 23, Dow reported second-quarter 2026 net sales of USD 12.092 billion, up 20 percent from USD 10.104 billion in the year-ago quarter. GAAP earnings per share came in at USD 0.99, while operating EPS reached USD 1.44 compared with a loss of USD 0.42 a year earlier.

The improvement also appeared in cash generation. Operating cash flow from continuing operations rose to USD 1.324 billion in Q2 2026 from negative USD 470 million in Q2 2025, while operating EBITDA increased to USD 2.312 billion from USD 703 million, according to Trivano.

Target cuts sharpen the Q3 test

RBC Capital lowered its Dow target from USD 32.00 to USD 29.00 on September 30 while maintaining a Sector Perform rating, according to Investing.com. The firm reduced its Q3 EBITDA estimate from USD 1.60 billion to USD 1.50 billion and cited a lower July polyethylene settlement as a pressure point.

That cautious estimate contrasts with the latest reported quarter, when Dow's operating EBITDA increased by USD 1.609 billion year over year. The comparison matters because the Q2 improvement was driven by higher prices and cost actions, while RBC's Q3 view puts more weight on weaker polyethylene pricing and demand conditions.

Consensus stays above the market price

MarketBeat lists a Hold consensus from 20 analysts, including 8 Buy ratings, 10 Hold ratings and 2 Sell ratings. The average 12-month target is USD 34.82, with a high of USD 45.00 and a low of USD 29.00, placing the average target 24.49 percent above the USD 27.97 October 2 price.

The valuation signal is therefore split. The consensus target sits above the current share price, but the low target is only USD 1.03 higher, leaving the October 22 report as the next concrete test of whether Q2's earnings rebound can carry into the second half.

Dow stock closed higher before results

Dow stock closed at USD 27.97 on the NYSE on October 2, up USD 0.38 from the prior close. Its 52-week range was USD 20.65 to USD 42.74, and its market capitalization was USD 20.2 billion as of October 2, 2026.