PepsiCo Stock Holds Firm After Q2 Earnings Beat Expectations

PepsiCo's stock price held steady around $136 on Nasdaq as of September 11, 2026, after its Q2 2026 earnings beat analyst expectations.

The company reported revenue of $24.18 billion and earnings per share (EPS) of $2.20 for the quarter, a modest increase from the previous year's results.

Despite this growth, PepsiCo lags behind rival Coca-Cola in terms of organic revenue growth, with Coca-Cola achieving 6.0% compared to PepsiCo's 2.4% in Q2 2026.

The stock's valuation has been affected by its slower growth rate, with a price-to-earnings multiple of 17.9 times as of June 30, 2026, placing it at the top of a small consumer-staples peer set when adjusting for valuation.