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WY · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue fell 0.9% y/y to $1.87B, operating margin 11.9% vs 9.4%, net income $162M (+86.2% y/y).
Net earnings
$162M
up 86.2% y/y
Net sales
$1,867M
down 0.9% y/y
Operating income
$223M
up 25.3% y/y
Gross margin
$311M
down 4.3% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net sales | $1,867 · −0.9% |
| Costs of sales | $1,556 · −0.2% |
| Gross margin | $311 · −4.3% · 16.7% margin |
| Selling expenses | $24 · +4.3% |
| General and administrative expenses | $115 · +0.9% |
| Gain on sale of timberlands | $71 · vs $0 |
| Other operating costs, net | $20 · +100% |
| Operating income | $223 · +25.3% · 11.9% margin |
| Non-operating pension and other post-employment benefit costs | $14 · −26.3% |
| Interest income and other | $4 · −33.3% |
| Interest expense, net of capitalized interest | $66 · +0.0% |
| Earnings before income taxes | $147 · +48.5% |
| Income Tax Benefit | $15 |
| Net earnings | $162 · +86.2% · $0.23/sh · 8.7% margin |
Verdict: revenue fell 0.9% y/y to $1.87B, operating margin 11.9% vs 9.4%, net income $162M (+86.2% y/y).
Adjusted EBITDA was $310 million, compared with $336 million for the same period last year.
Source and notation
Source: Weyerhaeuser Form 10-Q filed 07/31/2026 (SEC EDGAR); results date from the 8-K of 07/30/2026. The press release has no income statement, so every figure was matched against the income statement in the 10-Q and checked against SEC XBRL.
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Chart: “WY Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/wy/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/wy/q2-2026"><img src="https://whoreportstoday.com/t/wy/q2-2026/sankey.png" alt="WY Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/wy/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/wy/q2-2026">WY Q2 2026 earnings chart (Who Reports Today)</a>
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- Net earnings before special items were $91 million, or $0.13 per diluted share.
- Gross margin was 16.7% vs 17.3% a year earlier.
- Operating income was $223M, a 11.9% margin vs 9.4% a year earlier.
- Diluted EPS was $0.23 vs $0.12 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
WY — a timberland REIT that owns and manages commercial forests in the U.S. and holds long-term licenses on forests in Canada, and makes wood products for home building.
It earns money in three segments: Timberlands (selling logs and timber), Real Estate, Energy and Natural Resources (selling land and earning from minerals, energy and climate solutions), and Wood Products (lumber, oriented strand board, engineered wood and distribution). · Source: annual report (Form 10-K, SEC)
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