Chipotle Mexican Grill (CMG) Earnings Analysis

Chipotle Mexican Grill (CMG) delivered mixed results in Q2 FY2026 on revenue of $3.3B versus the $3.3B estimate (+9.3% YoY) and EPS of $0.33. The next Chipotle Mexican Grill (CMG) earnings date is Nov 4, 2026. Below is the full Chipotle Mexican Grill earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.

Chipotle Mexican Grill (CMG) Earnings Analysis — key stats

Next earnings dateNov 4, 2026
Latest reported quarterQ2 FY2026
Earnings verdictMixed
EPS beat rate5 of last 8 (quarters above estimate)
Avg next-day move±8.6% (over the last 8 reports)
Post-earnings directionUp 4 / Down 4 (of the last 8 reports)
Implied move (next report)±33.3% (options-derived · into Nov 4, 2026)
Institutional ownership73.4% (13F as of 2026-06-30)
Top 10 holders44.8% (of shares outstanding)
Insider activity11 buys / 0 sells (recent Form 4 filings)
Revenue$3.3B (vs $3.3B est · +0.5% surprise · +9.3% YoY)
EPS$0.33 (vs $0.32 est · +3.5% surprise · +0.0% YoY)
Share price$33.50 (+2.7%)
Market cap$43.0B

Chipotle Mexican Grill (CMG) Earnings Analysis — beat / miss history

QuarterRevenueEPSEPS surpriseNext-day moveVerdict
Q3 FY2026$3.3B vs $3.3B est$0.33 vs $0.32 est+3.5%+15.0%Mixed
Q2 FY2026$3.1B vs $3.1B est$0.24 vs $0.24 est+1.1%+3.4%In line
Q1 FY2026$3.0B vs $3.0B est$0.25 vs $0.24 est+5.0%+3.7%Mixed
Q4 FY2025$3.0B vs $3.0B est$0.29 vs $0.29 est+1.5%-19.2%In line
Q3 FY2025$3.1B vs $3.1B est$0.33 vs $0.33 est+1.2%-12.7%In line
Q2 FY2025$2.9B vs $2.9B est$0.29 vs $0.28 est+4.7%+5.2%Mixed
Q1 FY2025$2.8B vs $2.8B est$0.25 vs $0.24 est+4.2%-1.5%Mixed
Q4 FY2024$2.8B vs $2.8B est$0.27 vs $0.25 est+8.0%-8.0%Mixed

Top institutional holders

Holder% outstandingSharesValueQoQ change
Blackrock, INC.10.0%129.9M$4.4B+16.5%
Vanguard Capital Management LLC6.5%83.8M$2.8B-1.0%
Jpmorgan Chase & CO5.1%66.2M$2.2B+34.6%
Undisclosed filer4.6%60.3M$2.1B-1.3%
State Street Corp4.3%55.7M$1.9B+1.5%
Capital World Investors3.5%45.8M$1.6B-43.2%
Price T Rowe Associates INC /Md/3.0%38.7M$1.3B-28.0%
Geode Capital Management, LLC2.8%36.4M$1.2B+20.2%
Fmr LLC2.6%34.3M$1.2B+13.0%
Capital International Investors2.3%30.1M$1.0B-29.6%

Recent insider transactions

InsiderRoleDateTypeSharesValue
Machado Fernandoofficer: Chief Brand Officer2026-08-07Buy235K$7.7M
Machado Fernandoofficer: Chief Brand Officer2026-08-07Buy76K
WINSTON MARY Adirector2026-06-11Buy7K$215000
weinstein joshua iandirector2026-06-11Buy7K$215000
Maw Scott Harlandirector2026-06-11Buy7K$215000
Hickenlooper Robin Sdirector2026-06-11Buy7K$215000
Gutierrez Mauriciodirector2026-06-11Buy7K$215000
Fuentes Lauradirector2026-06-11Buy7K$215000

What you'll find

Frequently asked questions

When is Chipotle Mexican Grill's next earnings date?
Chipotle Mexican Grill's (CMG) next scheduled earnings date is Nov 4, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Chipotle Mexican Grill (CMG) beat or miss earnings?
In Q2 FY2026, Chipotle Mexican Grill (CMG) posted mixed results — revenue of $3.3B versus the $3.3B estimate (+0.5% surprise) and EPS of $0.33 versus $0.32 expected (+3.5% surprise). Magnisto decodes every Chipotle Mexican Grill (CMG) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Chipotle Mexican Grill beat earnings estimates?
Over its last 8 reported quarters, Chipotle Mexican Grill (CMG) beat Wall Street EPS estimates 5 times, most recently a mixed result in Q3 FY2026. Magnisto tracks every Chipotle Mexican Grill (CMG) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Chipotle Mexican Grill stock move after earnings?
Over its last 8 quarterly reports, Chipotle Mexican Grill (CMG) moved an average of ±8.6% the day after earnings — ranging from -19.2% (Q4 FY2025) to +15.0% (Q3 FY2026). The stock rose after 4 of those 8 reports and fell after 4. Heading into its next report on Nov 4, 2026, options-implied volatility is pricing in a move of roughly ±33.3% (derived). Magnisto tracks the realized post-earnings move for every Chipotle Mexican Grill (CMG) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Chipotle Mexican Grill?
Institutions hold about 73.4% of Chipotle Mexican Grill's (CMG) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (10.0%), Vanguard Capital Management LLC (6.5%), Jpmorgan Chase & CO (5.1%). Magnisto lists Chipotle Mexican Grill's (CMG) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Chipotle Mexican Grill (CMG)?
In the most recent Form 4 filings Magnisto tracks, Chipotle Mexican Grill (CMG) insiders recorded 11 purchases and 0 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Chipotle Mexican Grill (CMG) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Chipotle Mexican Grill (CMG), anchored to the current $33.50 share price, so you can weigh the bull, base and bear cases for Chipotle Mexican Grill side by side.
Is Chipotle Mexican Grill (CMG) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Chipotle Mexican Grill fits your own thesis and risk profile. This is research, not investment advice.

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Educational research, not investment advice. Figures are illustrative and may be delayed.