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Did Phillips 66 Beat Earnings?
Phillips 66 (PSX) reported Q2 '26 revenue of $51B, up 53.7% year-over-year, with reported EPS of $9.41. That topped the $7.68 analyst estimate by 22.5% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Phillips 66’s job postings, web traffic, and employee business outlook. See the full PSX stock analysis or the earnings calendar for upcoming reports.
PSX Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $7.68 | $9.41 | Beat +22.5% |
| Q1 '26 | $-0.39 | $0.49 | Beat +225.6% |
| Q4 '25 | $2.15 | $2.47 | Beat +14.9% |
| Q3 '25 | $2.16 | $2.52 | Beat +16.7% |
| Q2 '25 | $1.71 | $2.38 | Beat +39.2% |
| Q3 '24 | $1.66 | $2.04 | Beat +22.9% |
Phillips 66 Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35.3B | 33.7B | 30.5B | 33.2B | 34.5B | 34B | 34.1B | 51B |
| Gross margin | 2.3% | 1.8% | 1.9% | 5.7% | 5.5% | 6.3% | 10.6% | 14.4% |
| Operating margin | -1.2% | 0.1% | -0.5% | 3.3% | 2.6% | 4.4% | 8.4% | 9.8% |
| Net income | 346M | 8M | 487M | 877M | 133M | 2.91B | 207M | 3.85B |
| Net margin | 1.0% | 0.0% | 1.6% | 2.6% | 0.4% | 8.5% | 0.6% | 7.5% |
| EPS | $2.04 | — | — | $2.38 | $2.52 | $2.47 | $0.49 | $9.41 |
Phillips 66 Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Phillips 66’s quarterly revenue moved from $35.3B to $51B. Net margin expanded from 1% to 7.5%, against a 14.4% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Phillips 66 has beaten Wall Street EPS estimates in 7 of its last 8 reported quarters.
When Is Phillips 66’s Next Earnings Date?
Phillips 66 reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the PSX earnings calendar.
Frequently Asked Questions: Phillips 66 Earnings
Phillips 66's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Phillips 66 reported Q2 '26 EPS of $9.41 on revenue of $51B (+53.7% YoY). Phillips 66 beat estimates, reporting $9.41 vs. the $7.68 estimate.
Phillips 66 reported Q2 '26 revenue of $51B, up 53.7% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the PSX AI Score.
