Dow Inc. (DOW) earnings on July 23, 2026

Before the market opens Q2 2026

More Dow Inc. earnings

Prior outlook: No statistical edge

Dow initially rose on better-than-expected earnings and an improved outlook, but later gave back those gains and closed slightly lower.

DOW price around the earnings

30.90

Change: -0.6%

2026-07-23, 20:00 UTC

Start of the measured window End of the measured window
30.23 31.00 31.78 32.55 31.10
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 23, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published
Results released

Pre-release: Strong 14d trend strength bounce from after a strong recent drop, but analyst targets are mixed and retail is extremely optimistic.

Context analyzed before publication

Trend
Stock bounced from 52w low with strong 14d trend strength, reversing prior severe collapse into earnings.

Analysts

Evidence

Analyst moves in the last 60 days
9
  • Strong buy: 2
  • Buy: 5
  • Hold: 10
  • Sell: 0
  • Strong sell: 1
Strong buy
2
Buy
5
Hold
10
Sell
0
Strong sell
1
  • July 20, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
  • July 6, 2026 · BMO Capital: Maintains rating (Market Perform → Market Perform)
  • July 2, 2026 · Alembic Global: Maintains rating (Overweight → Overweight)
  • July 1, 2026 · RBC Capital: Downgrades rating (Outperform → Sector Perform)
  • July 1, 2026 · Mizuho: Maintains rating (Neutral → Neutral)
  • June 30, 2026 · B of A Securities: Maintains rating (Underperform → Underperform)
  • June 24, 2026 · Citigroup: Maintains rating (Buy → Buy)
  • June 5, 2026 · UBS: Maintains rating (Neutral → Neutral)
  • May 27, 2026 · Citigroup: Maintains rating (Buy → Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (1)

Technicals

Evidence

Average true range (ATR)
3.4%
Distance to 52-week high
-24.6%
14-day change (14d)
+7.6%
30-day change (30d)
+1.4%
30-day relative strength
+1.0%
SPY change (30d)
+0.4%
Nearest support
31.16
Nearest resistance
31.41
Volume accumulation ratio (14d / 46d)
0.87

Trends

Evidence

Average earnings surprise
-6.0%
  • April 23, 2026: actual EPS -0.14 vs estimate -0.29 (surprise +51.7%)
  • January 29, 2026: actual EPS -0.34 vs estimate -0.51 (surprise +33.7%)
  • October 23, 2025: actual EPS -0.19 vs estimate -0.3 (surprise +36.8%)
  • July 24, 2025: actual EPS -0.42 vs estimate -0.17 (surprise -146.3%)

Expected move

Implied move
+6.4%
Source
Options chain

Reactions over its last 19 earnings

Median move
2.1%
75th percentile move
3.2%
90th percentile move
6.8%
Up / down moves
9 / 10
Average up move
+3.7%
Average down move
-3.2%

Monitoring and close

What Dow Inc. reported

Status
Finished
Actual EPS1.44
EPS estimate1.28
EPS surprise+12.5%
Revenue$12,092 million
Revenue estimate$12,032 million
Revenue surprise+0.5%

Dow's Q2 beat expectations with higher polyethylene prices and 20% sales growth. Shares rose over 2% premarket. Company raised outlook and targets $2B total savings.

Sources (9)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Consolidated
-0.8%
Max move
+5.2%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.