What is Southwest Airlines's expected EPS for Q2 2026?

Analysts expect Southwest Airlines (LUV) to report consensus EPS of approximately $0.52 for Q2 2026. Estimates range from $0.36 to $0.71.

What revenue do analysts expect for Southwest Airlines in Q2 2026?

The consensus revenue forecast for Southwest Airlines (LUV) in Q2 2026 is approximately $8.58B. Forecasts range from $8.53B to $8.68B.

How many analysts cover Southwest Airlines?

14 analysts contribute to the Southwest Airlines (LUV) Q2 2026 consensus estimate.

Has Southwest Airlines beaten earnings estimates recently?

Southwest Airlines beat analyst EPS estimates in 2 of the last 2 quarters. Southwest Airlines beat revenue estimates in 1 of 2. In the most recent quarter (Q2 2026), Southwest Airlines EPS beat by 84.4% and revenue beat by 0.7%.

When does Southwest Airlines report Q2 2026 earnings?

Southwest Airlines (LUV) is expected to report Q2 2026 earnings on July 22, 2026 after market close.

LUV Q2 2026 earnings estimate

Consensus EPS · Q2 2026

$0.52

Consensus revenue · Q2 2026

$8.6B

Analysts

Last reported

Jul 22, 2026

After close

Results are in

XP scoring in progress…

Revenue actual$8.6B

Revenue consensus$8.6B

EPS actual$0.94

EPS consensus$0.51

Revenue surprise: +0.67%EPS surprise: +84.31%

Analyst consensus

Based on estimates from 14 analysts.

Metric	Low	Consensus	High
Revenue	$8.5B	$8.6B	$8.7B
EPS	$0.36	$0.52	$0.71
EBITDA	$937M	$949.2M	$960.2M
EBIT	$409.1M	$414.4M	$419.2M
Net income	$177.5M	$256.4M	$291M

Revenue$8.6B
EPS$0.52
EBITDA$949.2M
EBIT$414.4M
Net income$256.4M

Historical beat/miss

Actual reported results vs. analyst consensus at the time. Positive = beat, negative = miss.

Period	Rev. actual	Rev. est.	Rev. surprise	EPS actual	EPS est.	EPS surprise
Q2 2026	$8.6B	$8.6B	+0.7%	$0.94	$0.51	+84.4%
Q4 2025	$7.4B	$7.5B	-0.8%	$0.58	$0.57	+2.1%

Q2 2026+0.7%+84.4%
Q4 2025-0.8%+2.1%

Estimate revisions

How analyst consensus estimates have changed over the past 90 days.

Collecting data

Revision trends appear once we have collected at least two daily snapshots for this period.

Community vs analysts

See how the TickerLeague crowd's forecast stacks up against Wall Street.

No community consensus

No TickerLeague members predicted Southwest Airlines (LUV) Q2 2026 before it reported.

Analyst price target

Based on price targets from 5 analysts.

Low: $32.00
Consensus: $52.05
Median: $54.00
High: $65.00
Current: $47.66
Upside: +9.2%

Upside calculated vs most recent trading price of $47.66.

Analyst ratings

Consensus: Hold — based on 45 analyst ratings.

Buy 19Hold 21Sell 5

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 7, 2026	Susquehanna	maintain	Neutral	Neutral
Jul 6, 2026	Raymond James	maintain	Outperform	Outperform
Jul 6, 2026	Morgan Stanley	maintain	Overweight	Overweight
Jul 2, 2026	TD Cowen	maintain	Buy	Buy
Jul 2, 2026	Goldman Sachs	maintain	Sell	Sell
Jul 2, 2026	BMO Capital	maintain	Outperform	Outperform
Jul 1, 2026	B of A Securities	maintain	Underperform	Underperform
Jun 30, 2026	Wells Fargo	maintain	Equal Weight	Equal Weight
Jun 26, 2026	Citigroup	maintain	Neutral	Neutral
Jun 25, 2026	Evercore ISI Group	maintain	In Line	In Line

Jul 7, 2026SusquehannaNeutral
Jul 6, 2026Raymond JamesOutperform
Jul 6, 2026Morgan StanleyOverweight
Jul 2, 2026TD CowenBuy
Jul 2, 2026Goldman SachsSell
Jul 2, 2026BMO CapitalOutperform
Jul 1, 2026B of A SecuritiesUnderperform
Jun 30, 2026Wells FargoEqual Weight
Jun 26, 2026CitigroupNeutral
Jun 25, 2026Evercore ISI GroupIn Line

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