Jun 2026 (Q3 FY26) — Aug 3, 2026
Tyson Foods Q3 FY26 — Strong Chicken and Prepared Foods Performance Amidst Beef Headwinds
Read the full callTyson Foods (TSN) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Tyson Foods earnings: last reported Mon, 3 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 13,868 | −0.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.6 | +0.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 182 | +198.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 of 6 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total company adjusted operating income | $2.1 billion to $2.3 billion | Sep 2025 | Total company adjusted operating income range is now forecasted to be $2.1 billion to $2.3 billion, driven by the challenges in our Beef segment relating to cattle availability. | Revised Down |
| Big-bird chicken genetics rollout | about 75% of applicable locations by end of calendar year, balance thereafter | Jun 2026 | By the end of the fiscal year -- end of the calendar year, I should say, we will be harvesting about in those locations that use big bird genetics, about 75% of will be this new line of genetics that we have. The balance of that 75% will occur in physical 27% -- or 25%. | New |
23 of TYSON FOODS, INC.'s 29 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 27 more targets are in the full ledger.
Claimed
- Prepared Foods sales increased 1.7% or $42 million year-over-year to $2.6 billion, marking the third consecutive quarter of volume and sales growth.
- Chicken segment operating income reached $488 million, an increase of $40 million year-over-year, with an 11.2% margin, representing the seventh consecutive quarter of year-over-year volume and sales growth.
- Total company adjusted operating income was $547 million, achieving a 3.9% margin, with adjusted EPS up 9% to $0.99.
- The company reported $4 billion in liquidity and a net leverage of 2.1x, alongside $913 million in free cash flow year-to-date.
- Prepared Foods achieved its highest ever volume share, with volume share up 70 basis points, unit share up 70 basis points, and dollar share up 50 basis points.
Qualified
- The Beef segment recorded an operating income loss of $138 million, with volume declining 15.9% due to constrained cattle supply and USDA margin compression.
- Prepared Foods operating income was down slightly year-over-year, impacted by roughly $30 million of higher commodity costs that outpaced pricing.
- Total company sales were essentially flat compared to the prior year, primarily due to a 2.8% decline in volume driven by tighter cattle supply in beef.
Price
$54.04 −0.33% · −$0.18
Performance +2.3% 1Y
1Y: $52.85 on 14 Oct 2025 → $54.04. High $68.75 (4 May 2026), low $50.47 (1 Oct 2026).
- Previous close
- $54.22
- 52-week range
- $50.47 – $68.75
- One year
- +2.33%
Overview
- Symbol
- TSN
- Sector
- Consumer Staples
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 of 6 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total company adjusted operating income | $2.1 billion to $2.3 billion | Sep 2025 | Total company adjusted operating income range is now forecasted to be $2.1 billion to $2.3 billion, driven by the challenges in our Beef segment relating to cattle availability. | Revised Down |
| Big-bird chicken genetics rollout | about 75% of applicable locations by end of calendar year, balance thereafter | Jun 2026 | By the end of the fiscal year -- end of the calendar year, I should say, we will be harvesting about in those locations that use big bird genetics, about 75% of will be this new line of genetics that we have. The balance of that 75% will occur in physical 27% -- or 25%. | New |
Claimed
- Prepared Foods sales increased 1.7% or $42 million year-over-year to $2.6 billion, marking the third consecutive quarter of volume and sales growth.
- Chicken segment operating income reached $488 million, an increase of $40 million year-over-year, with an 11.2% margin, representing the seventh consecutive quarter of year-over-year volume and sales growth.
- Total company adjusted operating income was $547 million, achieving a 3.9% margin, with adjusted EPS up 9% to $0.99.
- The company reported $4 billion in liquidity and a net leverage of 2.1x, alongside $913 million in free cash flow year-to-date.
- Prepared Foods achieved its highest ever volume share, with volume share up 70 basis points, unit share up 70 basis points, and dollar share up 50 basis points.
Qualified
- The Beef segment recorded an operating income loss of $138 million, with volume declining 15.9% due to constrained cattle supply and USDA margin compression.
- Prepared Foods operating income was down slightly year-over-year, impacted by roughly $30 million of higher commodity costs that outpaced pricing.
- Total company sales were essentially flat compared to the prior year, primarily due to a 2.8% decline in volume driven by tighter cattle supply in beef.
The full ledger
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Call summaries
Every analysed call
Tyson Foods earnings calls (TSN)
Financials
What the filings say
Net profit, year on year: +198% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 13,565 | 13,623 | 13,074 | 13,884 | 13,860 | 14,313 | 13,653 | 13,868 |
| Operating profit | 525 | 580 | 100 | 260 | 158 | 302 | 435 | 362 |
| Operating margin | 3.9% | 4.3% | 0.8% | 1.9% | 1.1% | 2.1% | 3.2% | 2.6% |
| Other income | -50 | -102 | -70 | -67 | -90 | -175 | -76 | -96 |
| Interest | 130 | 120 | 110 | 113 | 106 | 104 | 97 | 98 |
| Profit before tax | 475 | 478 | 30 | 193 | 68 | 127 | 359 | 266 |
| Tax rate | 23.4% | 23.4% | 53.3% | 64.3% | 14.7% | 29.1% | 26.5% | 30.1% |
| Net profit | 357 | 359 | 7 | 61 | 47 | 85 | 260 | 182 |
| Line item | Sep 2018 | Sep 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 12,239 | 13,655 | 15,100 | 17,502 | 20,084 | 18,760 | 18,873 | 18,647 |
| Total liabilities | 16,266 | 18,824 | 19,070 | 18,455 | 17,010 | 17,996 | 18,586 | 18,431 |
| Fixed assets | 6,169 | 7,282 | 7,596 | 7,837 | 8,685 | 9,634 | 9,442 | 9,204 |
| Total assets | 28,987 | 32,918 | 34,456 | 36,309 | 36,821 | 36,251 | 37,100 | 36,658 |
| Line item | Sep 2018 | Sep 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,963 | 2,513 | 3,874 | 3,840 | 2,687 | 1,752 | 2,590 | 2,155 |
| Cash from investing | -1,906 | -3,464 | -1,423 | 58 | -1,935 | -2,299 | -888 | -665 |
| Cash from financing | -1,102 | 1,171 | -1,468 | -2,731 | -2,323 | 88 | -581 | -1,977 |
| Net cash flow | -48 | 214 | 982 | 1,171 | -1,606 | -458 | 1,144 | -488 |
| Capital expenditure | -1,200 | -1,259 | -1,199 | -1,209 | -1,887 | -1,939 | -1,132 | -978 |
| Free cash flow | 1,763 | 1,254 | 2,675 | 2,631 | 800 | -187 | 1,458 | 1,177 |
TSN revenue by segment
Chicken grew from 30% to 31% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Beef | 39% | 39% | 40% | 40% | 40% | 40% | 38% | 39% | -3.8% |
| Chicken | 31% | 30% | 32% | 30% | 32% | 29% | 31% | 31% | +0.8% |
| Prepared Foods | 18% | 18% | 18% | 18% | 18% | 19% | 18% | 18% | +1.7% |
| Pork | 11% | 12% | 10% | 11% | 10% | 11% | 12% | 11% | +4.9% |
| International | — | — | — | — | — | 4% | 4% | 4% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
66 filings between Nov 17, 2025 and Sep 4, 2026.
Open market
decisions to buy or sellPurchases
$1.00M
1 purchase by 1 insider
Sales
$6.20M
2 sales by 2 insiders
Compensation
not trading decisions- 21
- Award — granted as compensation
- 7
- Option exercise — converted options into shares
- 31
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TYSON JOHN H | — | $5.82M | Nov 28, 2025 |
| Schomburger Jeffrey K | $1.00M | — | Sep 4, 2026 |
| Calaway Curt | — | $374.0K | Nov 25, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 4, 2026 | Schomburger Jeffrey K President & CEO Elect | Purchase | 19,450 | $1.00M |
| Jul 10, 2026 | MORRIS WES Chief Operating Officer | Award | 25,938 | $0 |
| Jul 10, 2026 | Schomburger Jeffrey K President & CEO Elect | Award | 48,418 | $0 |
| May 10, 2026 | COLE DEVIN Chief Operating Officer | Tax withheld | 3,015 | $206.2K |
| May 10, 2026 | COLE DEVIN Chief Operating Officer | Tax withheld | 7,510 | $513.5K |
| May 9, 2026 | COLE DEVIN Chief Operating Officer | Tax withheld | 766 | $52.4K |
| Feb 10, 2026 | Deckinger Adam S. Chief Legal & Admin Officer | Tax withheld | 2,715 | $176.4K |
| Feb 9, 2026 | HANSON JACQUELINE Chief People Officer | Tax withheld | 1,925 | $125.9K |
| Feb 7, 2026 | Tyson John R. Director | Tax withheld | 380 | $24.8K |
| Feb 6, 2026 | TYSON BARBARA Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | BRONCZEK DAVID J Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | BALEDGE LES R Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | Quinn Katherine B Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | Schomburger Jeffrey K Director | Award | 3,754 | $245.0K |
| Feb 6, 2026 | Tyson Olivia L. Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | Bond Sarah Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | MILLER CHERYL Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | BORRAS MARIA C Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | Martinez Maria Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | Beebe Mike Director | Award | 2,911 | $190.0K |
| Feb 6, 2026 | White Noel W Director | Award | 2,911 | $190.0K |
| Feb 5, 2026 | Bondar Lori J SVP & Chief Accounting Officer | Other | 9,140 | $0 |
| Feb 5, 2026 | Bondar Lori J SVP & Chief Accounting Officer | Other | 8,634 | $0 |
| Dec 23, 2025 | COLE DEVIN Chief Operating Officer | Other | 24,923 | $0 |
| Nov 28, 2025 | TYSON JOHN H Chairman of the Board | Sale | 100,301 | $5.82M |
| Nov 28, 2025 | TYSON JOHN H Chairman of the Board | Option exercise | 109,202 | $5.46M |
| Nov 25, 2025 | Calaway Curt Chief Financial Officer | Award | 32,814 | $0 |
| Nov 25, 2025 | Calaway Curt Chief Financial Officer | Sale | 6,539 | $374.0K |
| Nov 25, 2025 | Calaway Curt Chief Financial Officer | Option exercise | 6,539 | $326.9K |
| Nov 25, 2025 | COLE DEVIN Chief Operating Officer | Award | 3,010 | $0 |
| Nov 25, 2025 | Deckinger Adam S. Chief Legal & Admin Officer | Award | 24,064 | $0 |
| Nov 25, 2025 | Bondar Lori J SVP & Chief Accounting Officer | Award | 2,625 | $0 |
| Nov 25, 2025 | COLE DEVIN Chief Operating Officer | Award | 51,628 | $0 |
| Nov 25, 2025 | King Donnie President&CEO | Award | 103,036 | $0 |
| Nov 25, 2025 | HANSON JACQUELINE Chief People Officer | Award | 21,876 | $0 |
| Nov 18, 2025 | Deckinger Adam S. ChiefLegalOfficer&AdminOfficer | Tax withheld | 357 | $19.2K |
| Nov 18, 2025 | King Donnie President&CEO | Tax withheld | 6,807 | $365.3K |
| Nov 18, 2025 | HANSON JACQUELINE Chief People Officer | Tax withheld | 582 | $31.2K |
| Nov 18, 2025 | Tyson John R. Senior Vice President | Tax withheld | 2,392 | $128.4K |
| Nov 18, 2025 | HANSON JACQUELINE Chief People Officer | Tax withheld | 612 | $32.8K |
| Nov 18, 2025 | Calaway Curt Chief Financial Officer | Tax withheld | 1,665 | $89.3K |
| Nov 18, 2025 | Calaway Curt Chief Financial Officer | Tax withheld | 1,561 | $83.8K |
| Nov 18, 2025 | COLE DEVIN Chief Operating Officer | Tax withheld | 1,735 | $93.1K |
| Nov 18, 2025 | HANSON JACQUELINE Chief People Officer | Tax withheld | 827 | $44.4K |
| Nov 18, 2025 | Calaway Curt Chief Financial Officer | Tax withheld | 550 | $29.5K |
| Nov 18, 2025 | Bondar Lori J SVP & Chief Accounting Officer | Tax withheld | 98 | $5.3K |
| Nov 18, 2025 | TYSON JOHN H Chairman of the Board | Other | 24,056 | — |
| Nov 18, 2025 | Deckinger Adam S. ChiefLegalOfficer&AdminOfficer | Tax withheld | 831 | $44.6K |
| Nov 18, 2025 | King Donnie President&CEO | Tax withheld | 20,136 | $1.08M |
| Nov 17, 2025 | Deckinger Adam S. ChiefLegalOfficer&AdminOfficer | Tax withheld | 127 | $6.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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