ICL reports strong Q2 2026 results; Elevate savings and new structure underway
Aug 5, 2026, 2:14 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Stronger-than-expected quarterly results, reaffirmed guidance, and a concrete cost-reduction program imply higher margins and cash flow, potentially driving multiple expansion.
AI summary
What happened, with direct paths to the underlying reporting
ICL posted Q2 2026 sales of $2.135B, up 17% YoY, with operating income of $266M and adjusted EBITDA of $448M. The company reaffirmed 2026 EBITDA guidance and unveiled Elevate, a cost-saving program targeting over $350M in annualized savings by 2028, while reorganizing into three end-market divisions to sharpen growth focus.
Q2 2026 sales $2.135B, up 17% YoY.
Operating income $266M; adjusted $281M; adjusted net income $149M.
Elevate cost savings target: $350M annualized by 2028; savings begin 2027.
New structure: Nutrition Solutions, Industrial Products, Growing Solutions; Essential Minerals.
Dividend 5.81¢/share; potash price $376/ton and 1,081k MT volume.
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