The financials
Smithfield Foods, Inc. by the numbers
Smithfield Foods, Inc. (SFD) reported revenue of $3.70B in Q2 2026 (quarter ended June 28, 2026), down 2.3% from the same quarter a year earlier. That came with a gross margin of 13% and net income of $238M (6.4% of revenue). For the full year FY2025, revenue was $15.5B (+9.8% year on year) and net income $987M. Its largest segment in 2026-Q2 was Packaged Meats at $2.02B, 48.3% of the disclosed total, just ahead of Fresh Pork at 48.0%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.70B | $3.79B | −2.3% |
| Gross profit | $478M | $499M | −4.2% |
| Operating income | $290M | $260M | +12% |
| Net income | $238M | $188M | +27% |
| Diluted EPS | $0.60 | $0.48 | +25% |
| Operating | Revenue | Share |
|---|---|---|
| Packaged Meats | $2.02B | 48% |
| Fresh Pork | $2.01B | 48% |
| All Other | $154M | 3.7% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $4.18B (-3.5%)
All Other grew +28% year on yearFresh Pork -3.5% year on year
Segment Latestquarter on quarteryear on year
- Packaged Meats$2.02B$2.02BQoQ -5.9%year on year -2.7%-5.9%-2.7%
- Fresh Pork$2.01B$2.01BQoQ -0.20%year on year -3.5%-0.20%-3.5%
- All Other$154.0M$154.0MQoQ -11%year on year +28%-11%+28%