Bayer, BP, Evonik, McDonald’s and Saudi Aramco report Q2 2026 earnings beating expectations

Bayer reported adjusted EBITDA of €2.14 billion, sales of €10.87 billion and core EPS of €0.95 in Q2 2026, all above market expectations ^{[1, 2]}. The company maintained its full-year revenue forecast between €45 billion and €47 billion, with adjusted EBITDA projected at €9.6 billion to €10.1 billion and core EPS between €4.30 and €4.80 ^{[1, 2]}.

British Petroleum (BP) posted Q2 adjusted EBIT of $10.31 billion, exceeding estimates of $9.25 billion, and adjusted net income of $5.73 billion with EPS of $0.3692 ^{[3, 4]}. Capital expenditure of $3.09 billion was below forecast, while operating cash flow at $10.86 billion surpassed expectations ^[4].

Chemical company Evonik saw its Q2 adjusted EBITDA grow 24% year-on-year to €630 million, while sales rose 11% to €3.893 billion. Both volumes and prices increased by 7% ^[5].

McDonald’s reported Q2 revenue of $7.1 billion, slightly below estimates, but adjusted EPS beat expectations at $3.38 versus $3.32 predicted. Global comparable store sales grew 1.3%, though U.S. sales rose only 0.8% amid declining customer traffic ^{[6, 7, 8, 9]}. CEO Chris Kempczinski attributed the U.S. slowdown to execution issues rather than strategy, saying, “We had no strategy problem, just didn’t execute at the level expected in Q2” ^{[7, 9]}. McDonald’s cited operational complexity from too many new offers and insufficient value deal coverage as drivers of rising prices and lower customer satisfaction ^{[7, 8, 9]}. On August 4, McDonald’s appointed Skye Anderson as U.S. President to improve performance ^{[7, 8, 9]}. The company delayed its global store expansion target from 50,000 by end-2027 to end-2028 due to weak consumer demand and inflationary pressures ^{[7, 8, 9]}.

Saudi Aramco posted adjusted Q2 net income of 125.2 billion riyals ($33.4 billion), surpassing expectations, though operating profit stood at 216.15 billion riyals, below estimates ^[2].

These companies released their Q2 2026 reports and related announcements on August 4, following McDonald’s June 30 fiscal quarter end ^{[1, 3, 5, 6, 7, 8, 2, 4, 9]}. McDonald’s leadership change took effect the same day ^{[7, 8, 9]}.