• Tyson Foods fiscal Q2 2026 earnings call drew CEO Donnie King, CFO Curt Calaway, COO Devin Cole, VP investor relations Jon Kathol.
• Raised full-year adjusted operating income outlook to USD 2.2 billion-USD 2.4 billion; kept sales growth view at 2%-4%.
• Lifted chicken segment operating income outlook to USD 1.9 billion-USD 2.05 billion, citing operational execution, improved mix, strategic customer demand; King said Q2 chicken strength was not driven by one-time items, with no Q2 volume tied to Koch Foods fire.
• Beef outlook still calls for a loss of USD 500 million-USD 350 million on tight cattle supply, with management expecting improving benefits from footprint actions through second half.
• Q2 results included sales of USD 13.7 billion, adjusted operating income of USD 497 million; first-half free cash flow of USD 432 million supported USD 353 million of dividends, USD 92 million of buybacks, debt reduction of nearly USD 300 million in quarter.

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