Waste Management (NYSE:WM) Posts Q2 CY2026 Sales In Line With Estimates
Waste Management (NYSE: WM) reported Q2 CY2026 sales of $6.68 billion, up 4% year on year and in line with Wall Street estimates. Full-year revenue guidance is $26.38 billion at the midpoint, 0.6% below consensus. Non-GAAP EPS was $2.02, 2.1% above estimates. Shares fell 3.1% to $232.54 after results.
How this was made
The 30-second read
Why it matters
Traders should weigh the guidance miss against the EPS beat and stable operating margin, since the text indicates the stock initially fell 3.1% after the results.
Market read
The actionable takeaway is the full-year revenue guidance shortfall versus consensus, despite a Q2 EPS beat and stable profitability.
What to watch
The article highlights EPS growth expectations (full-year EPS projected to rise from $7.74 to $8.63, +11.6%) and stable operating margin, which could support valuation even if revenue growth decelerates.
Background
Waste Management’s Q2 CY2026 results included in-line revenue, an EPS beat, and a slightly below-consensus full-year revenue guidance at the midpoint.
Ticker impact
Waste Management reported Q2 CY2026 sales of $6.68B in line with estimates, but full-year revenue guidance of $26.38B missed by 0.6% at the midpoint.
Near-term downside bias versus expectations due to the full-year revenue guide miss, partially offset by EPS beat and stable operating margin.
The article provides a concrete guidance miss (revenue midpoint 0.6% below estimates) alongside an EPS beat (non-GAAP $2.02, 2.1% above consensus) and stable operating margin (18.7% in Q2). It also notes the stock traded down 3.1% immediately after results, consistent with the guidance shortfall being the key driver.
Market effects
Signals modest demand softness for the waste/industrials space via a slightly conservative full-year revenue outlook, even as profitability remains stable.
No specific regional demand or contract changes are disclosed beyond North America operations.
Limited global spillover; the disclosure is company-specific with no cross-border drivers mentioned.
Counterpoint
The revenue guide miss is small (0.6% at midpoint) and operating margin is stable, so the market may be overreacting to a marginal guidance delta.
Key entities
- companyWaste Management
Reported Q2 CY2026 sales of $6.68B in line with estimates, non-GAAP EPS of $2.02 (beat), and full-year revenue guidance of $26.38B (0.6% below estimates).
