Waste Management, Inc. · WM · Next earnings

Waste Management, Inc. reports Monday, Oct 26, 2026

WM reports after market close with consensus EPS at $2.18 and revenue at $6.80B. Last quarter: WM Q1 2026: Pricing and Sustainability Power EBITDA Growth Despite Soft Volumes

Reports After market close36 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $2.18 Calendar consensus
Consensus revenue $6.80B Calendar consensus
Report date Oct 26, 2026 Monday, date estimated
Session After market close 36 days away

Where WM left off: FY2026 Q1

Full report

WM Q1 2026: Pricing and Sustainability Power EBITDA Growth Despite Soft Volumes

EPS surprise +3.4% Reported $1.81 vs $1.75
Revenue surprise -0.8% Reported $6.23B vs $6.28B
Stock move +1.3% Event window
Subsequent drift -6.9% Up to 20 sessions

Management maintained full-year guidance. The prior quarter guided to 6.2% operating EBITDA growth and nearly 30% free cash flow growth for 2026; management reaffirmed confidence in meeting these targets despite Q1 weather-related volume softness. Capex outlook shifted from increasing to decreasing as the sustainability capex program approaches completion. Three additional RNG plants are expected online in Q2, and the tuck-in acquisition pipeline targets $100-200M of deals in 2026.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Weather volatility including historic snowfall in Boston impacted Q1 volumes and could persist.
  • Wildfire-related volume volatility in California creates year-over-year comparability challenges.
  • Fuel cost surcharge timing may create margin drag if fuel prices rise faster than surcharge adjustments.
  • Recycling commodity price fluctuations could pressure sustainability segment EBITDA.
  • Higher corporate and technology expenses plus incentive compensation may weigh on operating expense ratios.

Questions analysts left open

  • Magnitude of corporate expense increase and its forward trajectory.
  • Potential drag from fuel surcharge lag versus rising fuel costs.
  • Impact of weather on volume recovery and whether guidance assumptions are realistic.
  • Recycling commodity pricing outlook and exposure to global freight disruptions.
  • Effectiveness of AI and technology investments in delivering pricing and margin improvements.

Ask FN2 about WM next report

Transcript, numbers and history already loaded
What should I watch for in WM's next earnings report?How did WM guide last quarter, and is consensus above or below that?Give me the bull and bear case going into WM earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the WM recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent WM quarters

All WM earnings
+1.3%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.