Starbucks Corporation (SBUX) earnings on July 29, 2026

After the market closes Q2 2026

More Starbucks Corporation earnings

Prior outlook: Pessimistic Outcome: Partial

Starbucks stock rose nearly 2% after earnings, reaching an intraday high of 11%, as analysts raised price targets.

SBUX price around the earnings

105.85

Change: +1.6%

2026-07-30, 20:00 UTC

Start of the measured window End of the measured window
103.49 106.99 110.49 113.99 104.14
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
July 29, 2026 July 30, 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
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published
Results released

Poor earnings history and limited analyst upside, with recent selloff followed by a partial recovery.

Context analyzed before publication

Trend
Initial positive trend strength reversed into a sharp selloff, then a partial recovery, indicating a setup after a strong recent drop into earnings.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.39
Analysts covering the stock
31
Average price target
106.45
Lowest price target
81
Highest price target
137
Upside to price target
2.7%
Quarterly earnings growth
33%
Revenue growth
8.8%
Forward EPS
3.01
Trailing EPS
1.31
Analyst moves in the last 60 days
3
  • Strong buy: 4
  • Buy: 12
  • Hold: 16
  • Sell: 2
  • Strong sell: 2
Strong buy
4
Buy
12
Hold
16
Sell
2
Strong sell
2
  • July 16, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
  • July 16, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
  • July 14, 2026 · Citigroup: Maintains rating (Neutral → Neutral)

News and sentiment

Evidence

Sentiment
Sentiment
Neutral
Mention volume
Low
Normalized volume
33%
News
Sources (7)

Technicals

Evidence

Price when the context was analyzed
103.1
Average true range (ATR)
2.5%
Distance to 52-week high
-4.4%
14-day change (14d)
-2.9%
30-day change (32d)
-1.4%
30-day relative strength
+2.8%
QQQ change (32d)
-4.3%
Nearest support
102.98
Distance to nearest support
0.1%
Nearest resistance
103.68
Distance to nearest resistance
0.6%
Volume accumulation ratio (14d / 46d)
0.76
  • Major: 102.98 (0.1% away, 0.04 ATR, 36 touches)
  • Major: 101.91 (1.2% away, 0.45 ATR, 35 touches)
  • Major: 101.28 (1.8% away, 0.69 ATR, 23 touches)
  • Mid: 103.68 (0.6% away, 0.22 ATR, 16 touches)
  • Mid: 104.25 (1.1% away, 0.44 ATR, 13 touches)
  • Mid: 104.74 (1.6% away, 0.62 ATR, 29 touches)

Trends

Evidence

Average earnings surprise
-4.8%
  • April 28, 2026: actual EPS 0.5 vs estimate 0.44 (surprise +14.5%)
  • January 28, 2026: actual EPS 0.56 vs estimate 0.59 (surprise -4.6%)
  • October 29, 2025: actual EPS 0.52 vs estimate 0.56 (surprise -6.5%)
  • July 29, 2025: actual EPS 0.5 vs estimate 0.65 (surprise -22.5%)

Expected move

Implied move
+5.0%
Source
Options chain

Reactions over its last 20 earnings

Median move
4.4%
75th percentile move
8.4%
90th percentile move
9.6%
Up / down moves
9 / 11
Average up move
+5.8%
Average down move
-4.4%

Monitoring and close

What Starbucks Corporation reported

Status
Finished
Actual EPS0.85
EPS estimate0.66
EPS surprise+28.8%
Revenue$9,323 million
Revenue estimate$9,157 million
Revenue surprise+1.8%

UBS maintains neutral on Starbucks, raises price target to $112. Stock jumps 3.7% on optimistic outlook after raised forecasts.

Sources (50)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue and the price is indicating +5.3% pre-market, a move in line with the stock's usual reaction (about 4%). The figures don't confirm the prior scenario: the comparable cases aren't consistent enough.

How the stock reacted

Outcome
Partial
Consolidated
+1.6%
Max favorable move (MFE)
1.3%
Max adverse move (MAE)
10.9%