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PPG Industries, Inc.
PPG - NYSE - $109.61 (as of ) ▲ +0.62%
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Earnings Tue 4 Aug
Note: this preview was published before the 2026-08-04 earnings report. Results have since been released — verify against the latest filings.

PPG Industries, Inc. (PPG) Q2 FY26 earnings preview — archived, published May 9, 2026

The median of 2 price targets is $129[FMP target], stock is $110, +17.7% vs the analyst consensus median. Q1 FY26 EPS $1.83 vs $1.78 estimate: beat (+2.8%)[FMP earnings]. Stock move on D+1: -2.8%.

↓ summary below
Quick Take - in 40 seconds ·
A-
Council 3/6 - Historical V1 score 31

A- — FMP rating [FMP ratings]. Form 4: unavailable[FMP Form 4].

Quick Answer

PPG Industries, Inc. (PPG) Q2 consensus: revenue $4.4B[FMP est], EPS $2.26[FMP est]. 1 consecutive quarters of beat[FMP earnings].

$2.26 EPS Estimate Last year $2.22 - +2% YoY
1 Beat Streak Expectations beaten consecutively for the last 1 quarters

Q1 FY26 EPS $1.83 vs $1.78 estimate: beat (+2.8%)[FMP]. Stock move on D+1: -2.8%[FMP D+1].

Watchlist

4 metrics stand out this quarter.

$7.70 Expectation / Guide

Fy26 Eps Guidance Reaffirmation

fy26_eps_guidance_reaffirmation

PPG is reaffirming its full year 2026 EPS guidance range of $7.70 to $8.10, due to potential upside in areas such as its growing aerospace business, strong demand in its architectural coatings Mexico business, and faster than expected recovery in automotive refinish.

"As a result, we are reaffirming our full year 2026 EPS guidance range of $7.70 to $8.10."

- Timothy Knavish, Chairman and Chief Executive Officer - Q1 FY26 Earnings Call - April 29, 2026
2027 Investor Focus

Industrial Coatings Share Gains

industrial_coatings_share_gains

PPG expects to launch additional share gains in the industrial segment throughout this year and into 2027.

"We expect to launch additional share gains in the industrial segment throughout this year and into 2027."

- Timothy Knavish, Chairman and Chief Executive Officer - Q1 FY26 Earnings Call - April 29, 2026
300 Investor Focus

Automotive Oem Outperformance

automotive_oem_outperformance

PPG's automotive OEM business delivered flat sales volume which outpaced the decline in global automotive industry production by about 300 basis points.

"From a business unit standpoint, our automotive OEM business delivered flat sales volume which outpaced the decline in global automotive industry production by about 300 basis points."

- Timothy Knavish, Chairman and Chief Executive Officer - Q1 FY26 Earnings Call - April 29, 2026
$350 million Investor Focus

Aerospace Backlog

aerospace_backlog

The backlog in PPG's aerospace business remains at about $350 million despite year-over-year output increase.

"Our backlog remains at about $350 million despite year-over-year output increase."

- Timothy Knavish, Chairman and Chief Executive Officer - Q1 FY26 Earnings Call - April 29, 2026

Stock Expert AI - Methodology

Do our scoring pillars, 6 perspectives, and Munger lens point in the same direction?

Council Score 3 / 6 Bullish

6 investor frameworks. 3 bullish (Ray Dalio, Ken Griffin, Buffett), 0 bearish (none), 3 neutral (Jim Simons, Klarman, Munger).

How is it calculated? ->
Ray Dalio macro - target upside +17.7%
Ken Griffin flow - 50d MA above
Jim Simons quant - RSI 51
Klarman value - target upside +17.7%
Buffett quality - ROE score 5/5
Munger valuation - target upside +17.7%
Munger's Mindset character & balance sheet lens
Fairly Valued

Quality business, trading at fair value.

How is it calculated? ->
Financial HealthStrong
Margin of SafetyModerate
Interest CoverageAdequate
ROIC vs WACCHealthy
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
51.5 RSI 51.5 balanced, 50d above
MACD
+1.60 price above 50d - support positive
50d MA
$108 stock 1.6% above - short-term support
200d MA
$108 stock 1.8% above - long-term support
Volume (10d)
-30% decrease - low participation
Resistance
$129
Analyst median target - upgrade trigger if broken
Current
$110
Pre-earnings position
Support
$92
Invalidation - close below this is a technical breakdown
Pattern
Range
$92-$129 band - earnings breakout/breakdown trigger

Past Performance

4 quarters shown.

MISS
Q2 FY25
$2.22 vs $2.23 est · Next-day price move: -5.3%
BEAT
Q3 FY25
$2.13 vs $2.10 est · Next-day price move: -5.9%
MISS
Q4 FY25
$1.51 vs $1.58 est · Next-day price move: +3.3%
BEAT
Q1 FY26
$1.83 vs $1.78 est · Next-day price move: -2.8%

Q1 FY26 (April 29, 2026) EPS $1.83 vs $1.78 estimate: beat (+2.8%)[FMP]. Stock move on D+1: -2.8%[FMP D+1].

Three scenarios: what could happen?

EPS < $2.19 (no guidance)

Q1 FY26 EPS $1.83 vs $1.78 estimate: beat (+2.8%)[FMP]. Stock move on D+1: -2.8%[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q1 earnings call.

CapEx shock

Q1 CapEx $196.0M[FMP cashflow]. Q1 op margin 13.4%[FMP op margin] - this level in Q1 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q2 EPS > $2.26 + CapEx discipline
Threshold: EPS > $2.26[FMP est].
Target: Break above median target $129[FMP target]; high target $135[FMP] upper bound.
Scenario B - In-Line
EPS approx $2.26 + CapEx < $196.0M
Threshold: EPS approx $2.26[FMP est], Q1 CapEx < $196.0M[FMP].
Target: Consolidation in the band between current $110[FMP] and median $129[FMP].
Scenario C - Miss
EPS < $2.19 or CapEx >= $196.0M
Threshold: EPS < $2.19[FMP estx0.97].
Current price $110 — above SMA200 $108 [FMP].

Market Outlook

What do analysts say? 2 price targets · 24 ratings

Wall Street Consensus
$129
12-month median target price (+17.7% gap to the analyst consensus median)
10
BUY
14
HOLD
0
SELL
Risk Management
$92
Invalidation level - critical support threshold
$108 - 50-day MA (above, +1.6%)
$108 - 200-day MA (above, +1.8%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - PPG Q2 FY26
A-

You read it in 5 minutes. When the numbers come out on Tuesday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Tuesday evening. The framework is ready on this page: Q2 EPS threshold $2.26[FMP], CapEx threshold "below $196.0M". Two anchors, three scenarios.

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Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Aug 4, 2026EARNINGSQ2 FY26 results (after market close) + earnings call
Aug 5, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Aug 9, 2026 – Aug 14, 2026FILING10-Q due within 40–45 days of quarter end (by Aug 9, 2026 – Aug 14, 2026); the exact deadline depends on filer status
~Nov 4, 2026EARNINGSQ3 FY26 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the PPG Q2 FY26 earnings preview cover?

This PPG Industries, Inc. (PPG) Q2 FY26 earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in PPG Q2 FY26 earnings?

PPG Industries, Inc. (PPG): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.

Where do the numbers on this page come from?

PPG Industries, Inc. (PPG): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.

Is this a buy or sell recommendation?

PPG Industries, Inc. (PPG): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.

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