EarningsQ2 2026 Earnings Report
DE:BASA Q2 2026 EPS Results
Actual EPS€0.32
Consensus EPS€0.21
Beat/MissBeat by +€0.11
One Year Ago EPS€0.12
DE:BASA Q2 2026 Revenue Results
Actual Revenue€17.83B
Expected Revenue€16.80B
Beat/MissBeat by +€1.03B
YoY Revenue Growth+11.93%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
DE:BASA Upcoming Earnings
BASF SE's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:BASA Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Q2 2026
Earnings Call Date:Jul 29, 2026|
% Change Since:
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Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and strategic picture: BASF delivered strong EBITDA growth (Q2 +54%), progress on cost savings (EUR 2.0bn run rate vs EUR 2.3bn target), successful portfolio moves (Coatings sale, Harbour Energy sell-down) and balance sheet strengthening (net debt down EUR 4.2bn). However, significant near-term cash generation weakness (H1 free cash flow -EUR 1.6bn), transformation one-time costs, Surface Technologies weakness, working capital absorption and geopolitical uncertainty temper the outlook. Management upgraded group EBITDA guidance while retaining a cautious range due to external risks, and reiterated full-year free cash flow guidance despite H1 cash outflows.Company Guidance
Strong Q2 EBITDA Growth
EBITDA before special items rose 54% year-on-year to EUR 2.4 billion in Q2 2026, driven by stronger prices, higher volumes and lower cash fixed costs; H1 EBITDA before special items was EUR 4.8 billion, up EUR 715 million versus prior year.
Segment Contributions and Margin Improvements
Earnings grew in all segments except Surface Technologies. Materials, Chemicals and Industrial Solutions were the strongest contributors; higher contribution margins and lower fixed costs in Materials and improved margins in Petrochemicals and Performance Chemicals drove results.
Agricultural Solutions Performance and IPO Readiness
Agricultural Solutions delivered robust H1 performance: volumes rose across regions (fungicides, herbicides, seed treatment) and EBITDA before special items nearly matched prior-year H1. EBITDA margin before special items remained around 29%. Management targets IPO readiness by mid-2027.
Coatings Transaction and Disposal Gain
Closed Coatings transaction with Carlyle (enterprise value EUR 7.7 billion); received ~EUR 5.8 billion cash consideration (pre-tax). Disposal gain after taxes of EUR 3.5 billion was recognized in Q2, boosting net income and EPS.
Cost Savings Progress (Core and Group)
On track for annual cost savings target of ~EUR 2.3 billion by year-end 2026; achieved an annual run rate of EUR 2.0 billion by end-June. CoreShift target set to reduce net cash fixed costs of core businesses by up to 20% versus 2024 baseline; achieved a 4% reduction in net cash fixed costs in the core during H1 (adjusted).
Balance Sheet Strength and Deleveraging
Total assets ~EUR 84 billion (+8% YoY), equity ratio improved by 1.5 percentage points to 44.6%. Net debt declined by EUR 4.2 billion to EUR 17 billion; single A credit rating maintained.
Active Capital Allocation and Share Buybacks
Ongoing share buybacks: ~3.5% of outstanding shares repurchased for ~EUR 1.5 billion (Nov '25–Jun '26). Announced EUR 1 billion buyback tranche (Aug 2026–Apr 2027) as part of at least EUR 4 billion total by end-2028; dividend of EUR 2.25 per share for FY 2025 paid.
Operational and Structural Improvements
Started up Zhanjiang Verbund site, supporting volume growth and local-for-local supply. Employee reductions of ~7,000 (Jan 2024–end June 2026, excluding divestitures and Zhanjiang hires); Ludwigshafen FTEs below 30,000 for first time since 1954; share of highly competitive production units at Ludwigshafen increased from 78% to 88% since 2024.
DE:BASA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed