O-I Glass (OI) Q2 FY26 earnings call

O-I Glass reported a challenging Q2 FY26, primarily driven by significant underperformance in Europe due to competitive pricing, elevated energy costs, and operational disruptions. This was partially offset by robust execution and strong profit growth in the Americas. Management is recalibrating its 2026 and 2027 targets, emphasizing that the strategy remains sound, with a focus on improving European operations and leveraging the Fit2Win program for long-term value creation.