PepsiCo Inc. (PEP) reported results in line with expectations in Q2 FY2026 on revenue of $24.2B versus the $23.9B estimate (+6.4% YoY) and EPS of $2.20. The next PepsiCo Inc. (PEP) earnings date is Oct 8, 2026. Below is the full PepsiCo Inc. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
PepsiCo Inc. (PEP) Earnings Analysis — key stats
Next earnings date
Oct 8, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
In line
EPS beat rate
2 of last 8 (quarters above estimate)
Avg next-day move
±4.9% (over the last 8 reports)
Post-earnings direction
Up 5 / Down 3 (of the last 8 reports)
Implied move (next report)
±7.0% (options-derived · into Oct 8, 2026)
Institutional ownership
61.2% (13F as of 2026-06-30)
Top 10 holders
37.5% (of shares outstanding)
Insider activity
9 buys / 3 sells (recent Form 4 filings)
Revenue
$24.2B (vs $23.9B est · +1.0% surprise · +6.4% YoY)
EPS
$2.20 (vs $2.19 est · +0.5% surprise · +137.0% YoY)
Share price
$140.79 (+0.1%)
Market cap
$192.3B
PepsiCo Inc. (PEP) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$24.2B vs $23.9B est
$2.20 vs $2.19 est
+0.5%
-3.6%
In line
Q2 FY2026
$19.4B vs $18.9B est
$1.61 vs $1.54 est
+4.5%
+1.8%
Beat
Q1 FY2026
$29.3B vs $29.0B est
$2.26 vs $2.24 est
+0.9%
+7.1%
In line
Q4 FY2025
$23.9B vs $23.8B est
$2.29 vs $2.26 est
+1.3%
+8.1%
In line
Q3 FY2025
$22.7B vs $22.3B est
$2.12 vs $2.03 est
+4.4%
+5.8%
Beat
Q2 FY2025
$17.9B vs $17.8B est
$1.48 vs $1.49 est
-0.7%
-6.2%
In line
Q1 FY2025
$27.8B vs $27.9B est
$1.96 vs $1.95 est
+0.5%
-3.1%
In line
Q4 FY2024
$23.3B vs $23.9B est
$2.31 vs $2.29 est
+0.9%
+3.2%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
8.7%
118.3M
$16.0B
+2.1%
Vanguard Capital Management LLC
6.5%
89.3M
$12.1B
+0.5%
State Street Corp
4.4%
60.4M
$8.2B
+1.7%
Invesco Ltd.
3.2%
43.1M
$5.8B
+50.3%
Undisclosed filer
2.7%
37.2M
$5.0B
+1.9%
Charles Schwab Investment Management INC
2.6%
36.1M
$4.9B
+19.5%
Sixth Street Partners Management Company, L.P.
2.6%
36.1M
$4.9B
+100.0%
Geode Capital Management, LLC
2.6%
35.0M
$4.7B
+1.1%
Jpmorgan Chase & CO
2.2%
30.6M
$4.2B
-12.1%
Morgan Stanley
1.9%
26.6M
$3.6B
+0.1%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
POHLAD ROBERT C
director
2026-08-05
Buy
398
—
POHLAD ROBERT C
director
2026-08-06
Buy
80K
—
POHLAD ROBERT C
director
2026-08-06
Sell
900K
—
Krishnan Ramkumar
officer: CEO, North America
2026-08-03
Buy
1K
$184312
Krishnan Ramkumar
officer: CEO, North America
2026-08-03
Buy
6K
$794215
Krishnan Ramkumar
officer: CEO, North America
2026-08-03
Buy
77
—
Krishnan Ramkumar
officer: CEO, North America
2026-08-03
Sell
1K
$184312
Flavell David
officer: EVP, Gen Counsel & Corp Sec
2026-07-27
Sell
3K
$404674
What you'll find
Next PepsiCo Inc. (PEP) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment PepsiCo Inc. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in PepsiCo Inc. (PEP)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is PepsiCo Inc.'s next earnings date?
PepsiCo Inc.'s (PEP) next scheduled earnings date is Oct 8, 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 PepsiCo Inc. (PEP) beat or miss earnings?
In Q2 FY2026, PepsiCo Inc. (PEP) posted in-line results — revenue of $24.2B versus the $23.9B estimate (+1.0% surprise) and EPS of $2.20 versus $2.19 expected (+0.5% surprise). Magnisto decodes every PepsiCo Inc. (PEP) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does PepsiCo Inc. beat earnings estimates?
Over its last 8 reported quarters, PepsiCo Inc. (PEP) beat Wall Street EPS estimates 2 times, most recently a in-line result in Q3 FY2026. Magnisto tracks every PepsiCo Inc. (PEP) 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 PepsiCo Inc. stock move after earnings?
Over its last 8 quarterly reports, PepsiCo Inc. (PEP) moved an average of ±4.9% the day after earnings — ranging from -6.2% (Q2 FY2025) to +8.1% (Q4 FY2025). The stock rose after 5 of those 8 reports and fell after 3. Heading into its next report on Oct 8, 2026, options-implied volatility is pricing in a move of roughly ±7.0% (derived). Magnisto tracks the realized post-earnings move for every PepsiCo Inc. (PEP) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of PepsiCo Inc.?
Institutions hold about 61.2% of PepsiCo Inc.'s (PEP) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (8.7%), Vanguard Capital Management LLC (6.5%), State Street Corp (4.4%). Magnisto lists PepsiCo Inc.'s (PEP) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling PepsiCo Inc. (PEP)?
In the most recent Form 4 filings Magnisto tracks, PepsiCo Inc. (PEP) insiders recorded 9 purchases and 3 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 PepsiCo Inc. (PEP) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for PepsiCo Inc. (PEP), anchored to the current $140.79 share price, so you can weigh the bull, base and bear cases for PepsiCo Inc. side by side.
Is PepsiCo Inc. (PEP) 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 PepsiCo Inc. fits your own thesis and risk profile. This is research, not investment advice.