A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Weyerhaeuser (WY) reported Q2 FY2026 net income of $162M ($0.23 per diluted share), up 86.2% YoY despite a 0.9% decrease in revenue to $1.867B, driven primarily by a $71M gain on timberland sales.
Revenue
$1.87B
-0.90% YoY
EPS (Diluted)
$0.23
+91.67% YoY
Gross Margin
16.7%
-0.6 pts YoY
Operating Income
$223M
+25.28% YoY
Filed · Source: SEC EDGAR 10-Q filing
Weyerhaeuser (WY) reported Q2 FY2026 revenue of $1.87B, down 0.9% year over year. The company posted net income of $162M, up 86.2% from a year earlier, with diluted EPS of $0.23. Gross margin was 16.7%. Operating income was $223M, up 25.3% year over year. WY's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
WY reported Q2 FY2026 net income of $162M on revenue of $1.867B, supported by real estate gains amid soft wood product pricing.
Last 4 quarters: 3 beats, 1 miss
Adjusted (non-GAAP) EPS of $0.13 versus the $0.08 analyst consensus — a +54.8% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.23.
Consolidated operating income increased 25.3% YoY to $223M despite a 0.9% net sales drop to $1.867B, primarily propelled by a $71M increase in gains on the sale of timberlands.
Source: 10-Q Item 2 MD&A, p.19
Timberlands net sales to unaffiliated customers fell 2% YoY to $367M due to a 6% drop in Southern log sales volume, but segment net contribution to earnings rose 48% to $130M owing to timberland sale gains.
Source: 10-Q Item 2 MD&A, p.19-20
Strategic Land Solutions Q2 net sales declined 9% YoY to $140M as Climate Solutions conservation sales decreased, though YTD segment sales remain up 40% YoY to $347M following a $94M Q1 conservation easement sale.
Source: 10-Q Item 2 MD&A, p.21
U.S. housing starts averaged 1.3 million units in Q2 FY2026, down 5.0% from Q1, while average 30-year mortgage rates increased to 6.5%, continuing to weigh on buyer affordability and wood products demand.
Source: 10-Q Item 2 MD&A, p.18
Demand and pricing for Weyerhaeuser's wood products and logs are highly dependent on U.S. residential construction and repair/remodel activity, which remain constrained by elevated 30-year mortgage rates (6.5%) and subdued consumer confidence.
Source: 10-Q Item 2 MD&A, p.18
Long-term debt expanded 24.3% YoY to $5.303B while cash and cash equivalents declined 11.0% to $527M, increasing leverage and interest obligations in a sustained higher-rate environment.
Source: 10-Q Balance Sheet (XBRL)
Operating costs across all segments remain exposed to fluctuations in freight, fuel, raw materials, and labor costs, which cannot always be passed on to customers through pricing.
Source: 10-Q Item 2 MD&A, p.18
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
See the WY earnings preview — expected date, analyst estimates and what to watch →
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $1.87B | $1.88B | -0.90% |
Cost of Revenue | $1.56B | $1.56B | -0.19% |
Gross Profit | $311M | $325M | -4.31% |
Operating Income | $223M | $178M | +25.28% |
Net Income | $162M | $87M | +86.21% |
EPS (Basic) | $0.23 | $0.12 | +91.67% |
EPS (Diluted) | $0.23 | $0.12 | +91.67% |
R&D Expense | $1M | $1M | 0.00% |
In Q2 FY2026, Weyerhaeuser reported net income of $162M and EPS of $0.23, up 86.2% and 91.7% YoY respectively. The earnings surge was largely supported by a $71M gain on timberland sales and higher income tax benefits.
Weyerhaeuser generated net sales of $1.867B in Q2 FY2026, representing a slight 0.9% decrease from $1.884B in Q2 FY2025. The decline was primarily driven by reduced Southern log volumes and lower Climate Solutions sales.
Performance was influenced by elevated 30-year mortgage rates (6.5%), a 5.0% quarter-over-quarter drop in U.S. housing starts, and softer OSB pricing. These headwinds were offset by strong timberland sales gains and lower current liabilities.
Expected release date, analyst estimates & what to watch
WY (Weyerhaeuser) delivered a strong Q1 FY2026 with net income nearly doubling to $156M and operating income surging 38% YoY despite a modest 2% revenue decline to $1.73B.
Weyerhaeuser (WY) reported FY2025 revenue of $6.91B, down 3.1% year-over-year, with net income falling 18.2% to $324M as higher costs compressed gross margins to 14.8%, though operating income improved 6.7% due to gains elsewhere in the cost structure.