INTERNATIONAL FLAVORS & FRAGRANCES INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: IFF returned to profitability in Q1 FY2026 with net income of $169M versus a loss of $1.02B a year ago, driven by a dramatic swing in operating income to $273M, even as revenue declined 3.6% to $2.74B.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue fell 3.6% year-over-year to $2.74B in Q1 FY2026 from $2.84B in Q1 FY2025, suggesting ongoing volume or pricing pressures, though the company appears to be managing its cost base effectively in response.
Operating income surged to $273M from a loss of $903M in the prior-year period, a +130.2% improvement, indicating that large non-recurring charges or impairments that weighed on the prior year did not recur in Q1 FY2026.
Gross margin improved modestly to 37.1% from 36.4% year-over-year, as cost of revenue declined 4.7% — faster than the 3.6% revenue decline — reflecting better cost management or a more favorable product mix.
Revenue
$2.74B
-3.59% YoY
EPS (Basic)
$0.66
++116.58% YoY
Gross Margin
37.1%
++0.73% YoY
Operating Income
$273M
++130.23% YoY
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