Beyond Meat Q2 FY26 turns to net income of $16.4 million; net revenues fall 8.2% to $68.8 million

• Beyond Meat posted Q2 net revenues of USD 68.8 million, down 8.2% year over year.
• Net income swung to USD 16.4 million, driven primarily by a USD 57.7 million non-cash gain on debt extinguishment tied to 2030 Notes conversions.
• Operating loss narrowed to USD 30.8 million from a year earlier, helped by lower operating expenses and partly offset by weaker gross profit.
• Adjusted EBITDA loss (non-GAAP) widened to USD 27.7 million, equal to -40.2% of net revenues.
• Forecast Q3 net revenues of about USD 60 million to USD 65 million; management cited international retail growth and the U.S. debut of Beyond Steak Filet.

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