EIX US S&P 500Russell 1000 Earnings call
Edison International (EIX) · Q2 2026 results and valuation
Share price: $59.92 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 30 Jul 2026 and 28 Apr 2026
Net income up 5.6% on the previous quarter. Management sounded restrained, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+5.6%
Net income vs Q1 2026
Outlook given
Net income 561.0M vs 531.0M
Revenue +6.2%
2 · How management spoke
Restrained
Less upbeat than 75% of company calls
Answers to analysts: cautious, in line with the script.
Similar to last call.
3 · What stood out
Figure
EIX generated approximately $2 billion in proceeds this quarter.
Valuation
Is Edison International undervalued?
Reverse DCF on net income from the last full fiscal year (no meaningful free cash flow: a bank, insurer or a year of negative cash flow) (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 3.9% growth a year (3-year revenue growth), the model's fair value is $67.78 a share — the stock trades 12% below it. Today's price assumes 3.3% growth a year.
Current price
$59.92
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+3.3% for 10 yrs
Fair value / share
$67.78
Buy below
$50.84
Price vs fair value
Undervalued 12%
Price vs buy-below price
Overvalued 18%
Read between the lines
-
Guidance
EIX reaffirmed its earnings guidance alongside second quarter 2026 results and capital plans, signaling steady profit expectations.
Source quote
“My comments today, I will cover our second quarter 2026 results, capital plans, and reaffirmed earnings guidance.”
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Guidance
EIX reaffirmed its guidance at $5.90 to $6.20, signaling that its outlook remains unchanged.
Source quote
“So we are very happy about that, but we reaffirmed our guidance at the $5.90 to $6.20.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“AI is an important enabler of the utility's long-term transformation, helping accelerate operational excellence, improve how the grid is planned and operated, and strengthen wildfire mitigation efforts.”
“And having a strong start to the year does give us the opportunity to invest in the business, to derisk future periods, and drive efficiency.”
“As in prior cycles, this process provides a clear safety and risk-driven framework for evaluating capital needs and supports consistent engagement with regulators and stakeholders on safety and risk priorities.”
Full figures
USD · ROIC.AI fundamentals (NYSE:EIX, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 4.36B | 4.10B | +6.2% | 4.54B | −4.1% |
| Gross profit | 2.15B | — | — | ||
| Operating income | 1.09B | 1.07B | +1.7% | 775.0M | +40.9% |
| Net income | 561.0M | 531.0M | +5.6% | 343.0M | +63.6% |
| EPS | 1.39 | 1.37 | +1.2% | 0.89 | +55.8% |
| P/E today 5.9 | — | 8.0 | — | 7.6 | — |
Topics
Most discussed now
- Tomorrow, Edison International will distribute a regular business update presentation.
- A legislation update, Edison International's continued work to make communities safer and more resilient, including wildfire mitigation and…
- With this strong start to the first half of the year, Edison International is confident in reaffirming its 2026 core EPS...
- The quarter reflects continued stability in Edison International's core operations.
Faded since Q1 2026
- Dropped Edison International had a period there, 5 years, where it went beyond inflation for reasons it has explained, external impacts from…
- Fading Core earnings increased by $0.05, primarily due to the adoption of the GRC decision last year, partially offset by the...
- Fading The quarter reflects benefits from solid execution and SCE having strong regulatory visibility with no major proceedings driving this...
- Fading Parent and other core loss was $0.01 lower, driven primarily by lower financing costs following the redemption of preferred stock.
Latest announcements
Official filings, newest first.
- Regulation FD disclosure · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Other events · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Shareholder vote results · SEC 8-K
- Director or officer change; Articles or bylaws amended; Regulation FD disclosure · SEC 8-K
- Other events · SEC 8-K