International Flavors & Fragrances stock reports lower Q2 revenue

International Flavors & Fragrances stock (NYSE:IFF) was trading at USD 85.61 on September 23, 2026, down 0.21 percent, while its market capitalization stood at USD 21.856 billion. Reuters identifies the company as listed on the NYSE.

Q2 revenue missed consensus

International Flavors & Fragrances reported Q2 2026 revenue of USD 1.95 billion, compared with USD 2.62 billion expected, according to MarketBeat. The gap gives investors a concrete measure of the execution challenge facing the specialty chemicals group.

The finance statement for Q2 2026 shows operating profit of USD 158 million and net income of USD 33 million. Operating margin was 8 percent for the quarter, compared with 10 percent in Q1 2026.

Portfolio reshaping remains central

IFF is simplifying its operations around higher-margin activities after a planned USD 4.3 billion divestiture of its Food Ingredients division, as reported in the Q2 earnings-call transcript by The Globe and Mail. Management also described a USD 2.5 billion share-repurchase program and a strategy centered on Scent, Taste, and Health and Biosciences.

The comparison between Q1 and Q2 is important: revenue declined from USD 2.741 billion to USD 1.954 billion, while operating margin fell from 10 percent to 8 percent. That combination puts greater weight on portfolio execution and demand recovery in the next reported periods.

Stock stays below yearly high

IFF stock traded between USD 59.14 and USD 89.32 over the 52-week period, leaving the September 23 price of USD 85.61 USD 3.71 below the high. The current quote was down USD 0.18, or 0.21 percent, on the NYSE at 3:31 p.m. ET.