Key Points – Oatly raised its 2026 revenue outlook after posting stronger Q2 results, now expecting constant-currency revenue growth of 8% to 10% versus its prior 3% to 5% forecast.
Management still sees adjusted EBITDA toward the low end of the $25 million to $35 million range due to cost pressures and ongoing growth spending. – Second-quarter performance improved across key regions, with net revenue up 15.2% and gross margin rising to 33.9%
Europe and International led growth, while North America posted its second straight quarter of positive volume growth and near-record market share. – China remains under strategic review as Oatly evaluates options including a potential carve-out to accelerate growth and maximize value. The company also improved free cash flow in the quarter, but still does not expect full-year 2026 to be cash-flow positive. – The 8 best agricultural ETFs to consider for your portfolio Oatly Group (NASDAQ:OTLY) raised its full-year revenue outlook after reporting stronger second-quarter sales growth, citing gains from product innovation, expanded distribution and rising demand across key markets. Management said the company remains on track to deliver adjusted EBITDA toward the low end of its previously issued range despite cost pressure tied to the conflict in the Middle East and continued spending behind growth initiatives.
For the second quarter of 2026, the oat-based beverage company reported net revenue growth of 15.2%, or 12.7% on a constant currency basis. Volume increased 11.2%, while price mix contributed 1.5%, Chief Financial Officer Marie-José David said. Foreign exchange provided a 2.5% tailwind.