Oatly shares surge after second-quarter revenue beats forecasts and outlook improves (NASDAQ:OTLY)
Oatly Group AB (NASDAQ:OTLY) reported stronger-than-expected second-quarter 2026 results on Wednesday, with robust revenue growth prompting the company to raise its full-year sales outlook.
The oat-based beverage maker generated revenue of $240.1 million during the quarter, a 15% increase from a year earlier and well above analysts' consensus estimate of $220.1 million.
The company also reported an adjusted loss of $0.99 per ADS, outperforming market expectations for a loss of $1.02.
Investors welcomed the results, sending Oatly shares up more than 16% in premarket trading.
Following the stronger quarter, Oatly increased its full-year constant currency revenue growth guidance to between 8% and 10%, compared with its previous forecast of 3% to 5%.
The updated midpoint of 9% reflects significantly stronger expectations for sales growth through the remainder of 2026.
The company left its adjusted EBITDA guidance unchanged at a range of $25 million to $35 million for the full year.
Revenue increased in each of Oatly's operating markets, with Europe & International delivering the strongest performance.
Sales in the region rose 21% year over year to $143.1 million, driven primarily by a 16.9% increase in sales volumes.
North America generated revenue of $66.9 million, up 5.9%, while Greater China recorded revenue growth of 11.6% to $30.1 million.
On a constant currency basis, total company revenue increased 12.7% compared with the same period last year.
"I am pleased to report another quarter of profitable growth marked by demand-led value creation," said CEO Jean-Christophe Flatin.
"Our second quarter results reflect the disciplined execution of our strategy including improvements to the mix of channels, customers, and products."
Adjusted EBITDA turned positive at $0.4 million, compared with a loss of $3.6 million in the prior-year quarter, supported by stronger gross profit.
Gross margin expanded by 143 basis points to 33.9%, reflecting improved supply chain efficiency and a more favourable mix of sales channels.
Oatly also reduced its net loss to $31.3 million from $55.9 million in the second quarter of 2025, highlighting continued progress toward sustained profitability.