Waste Management’s (NYSE:WM) Q3 2026: beats on revenue
Waste Management reported Q3 2026 revenue of $6.85 billion, beating estimates by 0.5% and growing 6.3% year-on-year. Adjusted EPS missed estimates by 1.4%. The company expects full-year revenue at the high end of its previous guidance range, with EBITDA guidance in line with estimates. Operating and free cash flow margins improved year-on-year.
How this was made

The 30-second read
Why it matters
The earnings beat on revenue may support short-term buying, while the EPS miss could trigger profit-taking; guidance at the high end may mitigate downside.
Market read
First-report earnings data for a large-cap utility/industrial stock, offering actionable insight for traders.
What to watch
Higher free cash flow margin and operating margin improvement suggest operational efficiency gains.
Background
Waste Management (NYSE:WM) reported Q3 2026 results, beating revenue estimates but missing EPS expectations, and provided full-year guidance.
Ticker impact
Q3 2026 earnings release shows revenue beat but EPS miss, with guidance at high end of range.
potential modest downside as market prices in EPS miss, offset by revenue beat
Revenue beat is modest (0.5%) while adjusted EPS missed by 1.4%; investors may weigh guidance and margin expansion.
Market effects
Waste management sector may see slight uplift from revenue guidance, but earnings miss could temper sentiment.
U.S. market participants may adjust exposure to WM and related REITs.
Limited to investors tracking U.S. waste services and ESG-focused funds.
Counterpoint
Despite EPS miss, strong cash flow and margin expansion could justify a buy on dip.
Key entities
- CompanyWaste Management
U.S. waste management services provider.
