WY US S&P 500Russell 1000 Earnings call
Weyerhaeuser (WY) · Q2 2026 results and valuation
Share price: $20.65 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 31 Jul 2026 and 1 May 2026
Net income up 3.8% 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
+3.8%
Net income vs Q1 2026
Outlook given
Net income 162.0M vs 156.0M
Revenue +8.1%
2 · How management spoke
Restrained
Less upbeat than 78% of company calls
Answers to analysts: restrained, in line with the script.
Similar to last call.
3 · What stood out
Guidance
Revenue guidance edges down as average domestic sales are expected to slip slightly from product mix.
Valuation
Is Weyerhaeuser undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
The projected cash flow doesn't cover the debt, so the price is far above the model's fair value.
Current price
$20.65
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.
+16.5% for 10 yrs
Fair value / share
$-2.89
Buy below
$-2.16
Price vs fair value
n/a
Price vs buy-below price
n/a
Read between the lines
-
Guidance
Timberlands typically dips in Q3, but earnings before special items and adjusted EBITDA are expected to be slightly higher this time.
Source quote
“In our Timberlands business, though we typically see a seasonal decrease in third quarter, we anticipate earnings before special items and adjusted EBITDA to be slightly higher compared...”
-
Figure
Weyerhaeuser reported second quarter GAAP earnings of $162 million or $0.23 per diluted share on net sales of $1.9 billion.
Source quote
“Yesterday, Weyerhaeuser reported second quarter GAAP earnings of $162 million or $0.23 per diluted share on net sales of $1.9...”
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
“Adjusted EBITDA for engineered wood products was $54 million, a $15 million increase compared to the first quarter, largely driven by a seasonal increase in sales volumes for all products...”
“As a result, composite pricing decreased slightly in May and remained steady for the balance of the quarter, albeit at low levels.”
“As a result, we are increasing segment guidance for full year 2026 adjusted EBITDA to approximately $450 million, an increase of $25 million from prior guidance.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.87B | 1.73B | +8.1% | 1.88B | −0.9% |
| Gross profit | 311.0M | 318.0M | −2.2% | 325.0M | −4.3% |
| Operating income | 223.0M | 247.0M | −9.7% | 178.0M | +25.3% |
| Net income | 162.0M | 156.0M | +3.8% | 87.0M | +86.2% |
| EPS | 0.23 | 0.22 | +4.5% | 0.12 | +91.7% |
| P/E today 28.0 | 36.3 | 43.6 | −7.3 | 75.6 | −39.3 |
Topics
Most discussed now
- New Following these transactions, Weyerhaeuser has no remaining debt maturities in 2026.
- New I'd say the other thing, too, right, is Weyerhaeuser has seen a bunch of Canadian capacity come out of the system.
- Given favorable operating conditions, Weyerhaeuser's fee harvest volumes increased slightly and forestry and road costs were seasonally…
- Despite ongoing market challenges and inflationary pressures, Weyerhaeuser delivered solid results that underscore the resilience of its…
- Starting with the Western domestic market, log demand and pricing improved in the second quarter as mills responded to a...
Faded since Q1 2026
- Fading This represents the final proceeds associated with the Princeton transaction.
- Fading Weyerhaeuser is committed to delivering products that meet the evolving needs of its customers, and these represent the first of many...
- Fading Adjusted EBITDA for this segment decreased by $27 million compared to the fourth quarter primarily attributable to changes in…
- Fading More recently, the conflict in the Middle East has reinvigorated inflationary pressures and elevated uncertainty around the economy.
Latest announcements
Official filings, newest first.
- Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Results of operations · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Director or officer change; Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Regulation FD disclosure · SEC 8-K