What is McDonald's's expected EPS for Q2 2026?

Analysts expect McDonald's (MCD) to report consensus EPS of approximately $3.33 for Q2 2026. Estimates range from $3.15 to $3.47.

What revenue do analysts expect for McDonald's in Q2 2026?

The consensus revenue forecast for McDonald's (MCD) in Q2 2026 is approximately $7.13B. Forecasts range from $6.95B to $7.3B.

How many analysts cover McDonald's?

18 analysts contribute to the McDonald's (MCD) Q2 2026 consensus estimate.

Has McDonald's beaten earnings estimates recently?

McDonald's beat analyst EPS estimates in 2 of the last 2 quarters. McDonald's beat revenue estimates in 2 of 2. In the most recent quarter (Q1 2026), McDonald's EPS beat by 3.1% and revenue beat by 0.7%.

When does McDonald's report Q2 2026 earnings?

McDonald's (MCD) is expected to report Q2 2026 earnings on August 4, 2026 before market open.

MCD Q2 2026 earnings estimate

Consensus EPS · Q2 2026

$3.33

Consensus revenue · Q2 2026

$7.1B

Analysts

Expected report

Aug 4, 2026

Before open

Upcoming earnings

Locks in 11 days 13 hours · BMO: Locks 8:00 PM ET previous day

Revenue$7.1B$6.9B – $7.3B

EPS$3.33$3.15 – $3.47

What to watch

Analyst ratings: Mixed

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Analyst consensus

Based on estimates from 18 analysts.

Metric	Low	Consensus	High
Revenue	$6.9B	$7.1B	$7.3B
EPS	$3.15	$3.33	$3.47
EBITDA	$3.6B	$3.7B	$3.8B
EBIT	$3.1B	$3.2B	$3.2B
Net income	$2.3B	$2.4B	$2.4B

Revenue$7.1B
EPS$3.33
EBITDA$3.7B
EBIT$3.2B
Net income$2.4B

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
Q1 2026	$6.5B	$6.5B	+0.7%	$2.83	$2.74	+3.1%
Q4 2025	$7B	$6.8B	+2.5%	$3.12	$3.05	+2.4%

Q1 2026+0.7%+3.1%
Q4 2025+2.5%+2.4%

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.

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No community consensus for McDonald's (MCD) Q2 2026 yet. Make a prediction to start the crowd forecast.

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Analyst price target

Based on price targets from 4 analysts.

Low: $300.00
Consensus: $342.39
Median: $335.00
High: $385.00
Current: $263.57
Upside: +29.9%

Upside calculated vs most recent trading price of $263.57.

Analyst ratings

Consensus: Buy — based on 62 analyst ratings.

Buy 37Hold 24Sell 1

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 17, 2026	Tigress Financial	maintain	Buy	Buy
Jul 16, 2026	Wells Fargo	maintain	Overweight	Overweight
Jul 16, 2026	Morgan Stanley	maintain	Equal Weight	Equal Weight
Jul 15, 2026	Citigroup	maintain	Buy	Buy
Jun 29, 2026	Keybanc	maintain	Overweight	Overweight
May 11, 2026	JP Morgan	maintain	Overweight	Overweight
May 8, 2026	Wells Fargo	maintain	Overweight	Overweight
May 8, 2026	RBC Capital	maintain	Sector Perform	Sector Perform
May 8, 2026	Keybanc	maintain	Overweight	Overweight
May 8, 2026	Evercore ISI Group	maintain	Outperform	Outperform

Jul 17, 2026Tigress FinancialBuy
Jul 16, 2026Wells FargoOverweight
Jul 16, 2026Morgan StanleyEqual Weight
Jul 15, 2026CitigroupBuy
Jun 29, 2026KeybancOverweight
May 11, 2026JP MorganOverweight
May 8, 2026Wells FargoOverweight
May 8, 2026RBC CapitalSector Perform
May 8, 2026KeybancOverweight
May 8, 2026Evercore ISI GroupOutperform

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