Coca-Cola stock holds near highs after Q2 beats

Coca-Cola stock (US1912161007) is holding near its recent high after Q2 2026 EPS of $0.97 topped the $0.93 consensus and revenue reached $13.37 billion on August 18, 2026.

As of August 18, 2026, the shares were last quoted at $87.71, the day range sat between $86.85 and $88.02, and the market value stood at $374.24 billion.

Q2 earnings still matter

The quarter was not just a beat on the top and bottom line. Revenue rose 6.7% year over year, organic revenue increased 6%, and comparable operating margin widened to 35.6% from 34.7% in the prior-year quarter.

That margin gain of 0.9 percentage points gives the earnings beat more weight than a simple volume or pricing story. Global unit case volume also rose 5%, showing that the quarter leaned on broad demand as well as mix.

Guidance sets the tone

Management lifted full-year guidance for 2026 to 5% organic revenue growth and 9% to 10% comparable EPS growth, a tighter and stronger setup than the earlier 4% to 5% revenue outlook and 8% to 9% EPS range.

For investors, the key comparison is simple: the midpoint of the EPS range now sits 1 percentage point higher than before, while organic revenue growth also moved up by 1 percentage point at the low end.

Brand power in one product

Trademark Coke remains the company's core product and still anchors the global portfolio. The latest quarter showed that the flagship brand helped drive the 5% rise in unit case volume and supported the margin expansion.

Price and market setup

At $87.71 as of August 18, 2026, Coca-Cola stock is trading below its 52-week high of $90.92 and above its 52-week low of $65.35.

Fact box

Company: Coca-Cola Company

ISIN: US1912161007

Ticker: KO

Exchange: NYSE

Price (as of August 18, 2026, 7:53 a.m. EDT): $87.71 USD

Market cap: $374.24 billion (as of August 18, 2026)

Sector / Industry: Consumer Staples / Beverages - Non-Alcoholic

Index membership: S&P 500

Next earnings date: October 21, 2026