Equity Profile

DOW

Dow Inc.

MaterialsCommodity Chemicals$21.9B

Jul23Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Dow Inc. is a leading materials company that specializes in commodity chemicals, which are essential for various industries including construction, packaging, and consumer goods....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs in a challenging environment.

N/A

Revenue Growth

Revenue growth will provide insight into demand for Dow's products and overall market conditions.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

DOW Q2-2026 Earnings Preview

Context

Company Snapshot

Dow Inc. is a leading materials company that specializes in commodity chemicals, which are essential for various industries including construction, packaging, and consumer goods. With a market cap of $22 billion, its performance can significantly reflect trends in global manufacturing and consumer spending.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-1629.11%

Avg Stock Reaction

-1.60%

Last Quarter Recap

In Q1 2026, Dow reported an EPS of -$0.14, which was better than the expected -$0.32, resulting in a positive surprise. However, the stock fell 0.72% the next day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Dow's upcoming earnings are cautious given the recent history of losses and volatility in the commodity chemicals market. Investors are looking for signs of recovery or further deterioration.

Bull Case

If Dow can demonstrate improved cost management and a rebound in demand, it could signal a turnaround, leading to a positive market reaction.

Bear Case

On the other hand, continued losses or weak demand could reinforce concerns about the company's ability to navigate economic challenges, potentially leading to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026, and how does it compare to previous quarters?

Given the recent trend of losses, the EPS figure will be crucial in assessing whether Dow is making progress in stabilizing its financial performance.

What insights can management provide regarding revenue growth and demand trends?

Understanding revenue trends will help gauge market conditions and Dow's competitive position, which are critical for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Dow's potential for a turnaround, as recent cost-cutting measures and operational efficiencies could lead to better-than-expected results.

Supporting Evidence

The options market is pricing an 8.99% move, indicating expectations of volatility that may not align with actual performance.

Historically, Dow has shown a 50% EPS beat rate, suggesting a potential for positive surprises.

Key Risk

If EPS comes in better than expected, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect Dow's ability to navigate a volatile market and improve its financial health.

Bull Confirmed If

An EPS of $0.00 or better would confirm the bull case, indicating a return to profitability.

Bear Confirmed If

An EPS below -$0.20 would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±8.99%

Historical Avg

±5.5%

Pricing rich

The options market is pricing in a significant move of nearly 9%, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±9.0% while DOW has averaged ±5.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

50.3%

Calls (7.2M)P/C Ratio: 0.53Puts (1.0M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Dow beats expectations, history suggests the stock could rise by around 2.26%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity from management.

Miss

A miss could lead to a decline of about 5.45%, reinforcing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Insights into demand trends for key products in the commodity chemicals sector.
3Management's outlook on market conditions for the remainder of the year.
4Details on any operational changes that could affect revenue growth.
5Responses to analyst questions regarding competitive pressures in the industry.

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Company Snapshot

Dow Inc. is a leading materials company that specializes in commodity chemicals, which are essential for various industries including construction, packaging, and consumer goods....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs in a challenging environment.

N/A

Revenue Growth

Revenue growth will provide insight into demand for Dow's products and overall market conditions.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

DOW Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-1629.11%

Avg Stock Reaction

-1.60%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Dow can demonstrate improved cost management and a rebound in demand, it could signal a turnaround, leading to a positive market reaction.

Bear Case

On the other hand, continued losses or weak demand could reinforce concerns about the company's ability to navigate economic challenges, potentially leading to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026, and how does it compare to previous quarters?

Given the recent trend of losses, the EPS figure will be crucial in assessing whether Dow is making progress in stabilizing its financial performance.

What insights can management provide regarding revenue growth and demand trends?

Understanding revenue trends will help gauge market conditions and Dow's competitive position, which are critical for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Dow's potential for a turnaround, as recent cost-cutting measures and operational efficiencies could lead to better-than-expected results.

Supporting Evidence

The options market is pricing an 8.99% move, indicating expectations of volatility that may not align with actual performance.

Historically, Dow has shown a 50% EPS beat rate, suggesting a potential for positive surprises.

Key Risk

If EPS comes in better than expected, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect Dow's ability to navigate a volatile market and improve its financial health.

Bull Confirmed If

An EPS of $0.00 or better would confirm the bull case, indicating a return to profitability.

Bear Confirmed If

An EPS below -$0.20 would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±8.99%

Historical Avg

±5.5%

Pricing rich

The options market is pricing in a significant move of nearly 9%, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±9.0% while DOW has averaged ±5.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

50.3%

Calls (7.2M)P/C Ratio: 0.53Puts (1.0M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Dow beats expectations, history suggests the stock could rise by around 2.26%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity from management.

Miss

A miss could lead to a decline of about 5.45%, reinforcing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Insights into demand trends for key products in the commodity chemicals sector.
3Management's outlook on market conditions for the remainder of the year.
4Details on any operational changes that could affect revenue growth.
5Responses to analyst questions regarding competitive pressures in the industry.