What is PepsiCo's expected EPS for Q3 2026?

Analysts expect PepsiCo (PEP) to report consensus EPS of approximately $2.30 for Q3 2026. Estimates range from $2.26 to $2.33.

What revenue do analysts expect for PepsiCo in Q3 2026?

The consensus revenue forecast for PepsiCo (PEP) in Q3 2026 is approximately $25B. Forecasts range from $24.7B to $25.4B.

How many analysts cover PepsiCo?

11 analysts contribute to the PepsiCo (PEP) Q3 2026 consensus estimate.

Has PepsiCo beaten earnings estimates recently?

PepsiCo beat analyst EPS estimates in 2 of the last 3 quarters. PepsiCo beat revenue estimates in 3 of 3. In the most recent quarter (Q2 2026), PepsiCo EPS missed by 0.3% and revenue beat by 0.9%.

When does PepsiCo report Q3 2026 earnings?

PepsiCo (PEP) is expected to report Q3 2026 earnings on October 8, 2026 before market open.

PEP Q3 2026 earnings estimate

Consensus EPS · Q3 2026

$2.30

Consensus revenue · Q3 2026

$25B

Analysts

Expected report

Oct 8, 2026

Before open

Upcoming earnings

Locks in 76 days 13 hours · BMO: Locks 8:00 PM ET previous day

Revenue$25B$24.7B – $25.4B

EPS$2.30$2.26 – $2.33

What to watch

Analyst ratings: Downgrades trending

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Analyst consensus

Based on estimates from 11 analysts.

Metric	Low	Consensus	High
Revenue	$24.7B	$25B	$25.4B
EPS	$2.26	$2.30	$2.33
EBITDA	$4.4B	$4.4B	$4.4B
EBIT	$3.4B	$3.4B	$3.4B
Net income	$3.3B	$3.3B	$3.4B

Revenue$25B
EPS$2.30
EBITDA$4.4B
EBIT$3.4B
Net income$3.3B

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	$24.2B	$24B	+0.9%	$2.20	$2.21	-0.3%
Q1 2026	$19.4B	$18.9B	+2.6%	$1.61	$1.54	+4.3%
Q4 2025	$29.3B	$29B	+1.3%	$2.26	$2.24	+1.0%

Q2 2026+0.9%-0.3%
Q1 2026+2.6%+4.3%
Q4 2025+1.3%+1.0%

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 PepsiCo (PEP) Q3 2026 yet. Make a prediction to start the crowd forecast.

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Analyst price target

Based on price targets from 14 analysts.

Low: $134.00
Consensus: $155.64
Median: $155.00
High: $183.00
Current: $135.65
Upside: +14.7%

Upside calculated vs most recent trading price of $135.65.

Analyst ratings

Consensus: Hold — based on 46 analyst ratings.

Strong Buy 1Buy 15Hold 29Sell 1

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 10, 2026	Wells Fargo	maintain	Equal Weight	Equal Weight
Jul 10, 2026	TD Cowen	maintain	Hold	Hold
Jul 10, 2026	RBC Capital	maintain	Sector Perform	Sector Perform
Jul 10, 2026	Morgan Stanley	maintain	Equal Weight	Equal Weight
Jul 10, 2026	Jefferies	maintain	Hold	Hold
Jul 10, 2026	Citigroup	downgrade	Buy	Neutral
Jul 10, 2026	Barclays	maintain	Equal Weight	Equal Weight
Jul 8, 2026	BNP Paribas	maintain	Outperform	Outperform
Jul 2, 2026	UBS	maintain	Buy	Buy
Jul 2, 2026	Barclays	maintain	Equal Weight	Equal Weight

Jul 10, 2026Wells FargoEqual Weight
Jul 10, 2026TD CowenHold
Jul 10, 2026RBC CapitalSector Perform
Jul 10, 2026Morgan StanleyEqual Weight
Jul 10, 2026JefferiesHold
Jul 10, 2026CitigroupNeutral
Jul 10, 2026BarclaysEqual Weight
Jul 8, 2026BNP ParibasOutperform
Jul 2, 2026UBSBuy
Jul 2, 2026BarclaysEqual Weight

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