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FY2026 Q1
Raised
DuPont de Nemours, Inc. earnings call
Buzzberg read
Full-year adjusted EPS guidance raised to $2.35-$2.40
DuPont reported a strong Q1, beating guidance with organic growth of 2%, significant margin expansion, and double-digit EPS growth. Management raised full-year guidance, citing pricing actions to offset Middle East conflict-related cost inflation and strong operational execution. The quarter saw some disruption in the Water business from Middle East logistics, but the impact was temporary as shipments were made in April. Q1 2026 organic sales grew 2%, with operating EBITDA margin up 130 bps pro forma to 24.6%.
Buzzberg read Full-year adjusted EPS guidance raised to $2.35-$2.40 DuPont reported a strong Q1, beating guidance with organic growth of 2%, significant margin expansion, and double-digit EPS growth. Management raised full-year guidance, citing pricing actions to offset Middle East conflict-related cost inflation and strong operational execution. The quarter saw some disruption in the Water business from Middle East logistics, but the impact was temporary as shipments were made in April. Q1 2026 organic sales grew 2%, with operating EBITDA margin up 130 bps pro forma to 24.6%. Read full analysisCollapse analysis
DuPont reported a strong Q1, beating guidance with organic growth of 2%, significant margin expansion, and double-digit EPS growth. Management raised full-year guidance, citing pricing actions to offset Middle East conflict-related cost inflation and strong operational execution. The quarter saw some disruption in the Water business from Middle East logistics, but the impact was temporary as shipments were made in April. Q1 2026 organic sales grew 2%, with operating EBITDA margin up 130 bps pro forma to 24.6%.
- Management raised FY2026 guidance for revenue and EPS, incorporating pricing to offset ~$90M of incremental input costs from the Middle East conflict.
- Healthcare sales were up high-single-digit in Q1 and are expected to grow mid-to-high single digits for the full year.
- The Water business was down in Q1 due to Middle East logistics disruptions, but management expects a strong rebound in the second half.
Revenue$1.681B-1% QoQ
EPS$1.65Reported
Gross margin35.81%Reported
Operating margin11.06%Reported
6 grounded callouts
What matters now
The highest-signal changes from the call.
Pricing
Pricing actions to fully offset Middle East conflict costs
Demand
Water business growth expected to accelerate in second half
Show 3 more callouts
Demand
Healthcare segment sees high single-digit organic growth in Q1
Buybacks
New ASR of $275 million announced under existing program
Portfolio
Aramids divestiture completed on April 1st
Reported period
Actuals
| Metric | Reported | Change |
|---|---|---|
| Revenue | $1.681B | -1% QoQ |
| EPS | $1.65 | Reported |
| Gross margin | 35.81% | Reported |
| Operating margin | 11.06% | Reported |
| Free cash flow | $0.13B | -41% QoQ |
| Capex | $0.102B | Reported |
Forward-looking
Forward guidance
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| EPS | FY2026 | $2.35–$2.40 | $2.38 | Raised |
| Operating margin | FY2026 Q2 | $0.43B | $0.43B | Guided |
| Revenue | FY2026 | $7.16B–$7.21B | $7.185B | Raised |
| Revenue | FY2026 Q2 | $1.8B | $1.8B | Guided |
AI, capex & demand read
Management read
Confident
Management expressed confidence in their execution, raised full-year guidance, and highlighted strong order trends and productivity gains.
Management AI read
Management highlighted their collaboration with Uncountable, an AI-driven platform for product and application development, to accelerate development and improve cycle time. They also mentioned expanding the use of data-enabled tools for maintenance, defect detection, and asset performance optimization.
Investment and capacity
No specific capital expenditure guidance was discussed, but the company continues to invest in digital and AI capabilities to drive operational excellence.
External signals
Supply-chain alpha · 3returns since call
DuPont estimates it will take ~$90 million in incremental costs due to the Middle East conflict, and has implemented price increases and surcharges to fully offset this headwind, implying pricing power in its niche markets.
Evidence
“So overall, our expectation is around incremental costs of around 90 million, which we expect to fully cover from a top line perspective related to price and surcharges.”
April sales were in line with expectations, and order trends remained strong even after price increases were implemented, suggesting minimal demand destruction from the new pricing.
Evidence
“our order trends in April were actually, you know, we have very similar demand as we have been seeing and nice increases overall on a year-over-year basis.”
DuPont has shifted its full-year growth assumptions, now expecting Water to be flat in the first half and up high-single-digits in the second half due to large project timing being skewed to the second half of the year.
Evidence
“So we'll be about flat overall in water in the first half. And then we think up kind of high single digits in the second half.”
Methodology & coverage
Management-only analysis. All 0 validated company mentions are shown. Reported actuals and forward guidance are kept separate. Public evidence is limited to eight short attributed quotes. AI-generated analysis can be incomplete or wrong; verify important claims against the original source.