International Paper stock reports a Q2 revenue decline

International Paper stock stood at USD 35.70 on the NYSE on September 23, 2026, down USD 0.01, or 0.03 percent, from USD 35.71. The latest earnings picture combines an adjusted EPS beat with an 11.3 percent revenue decline.

Q2 revenue falls 11.3 percent

International Paper reported Q2 2026 revenue of USD 6 billion, down 11.3 percent from the prior-year quarter, while adjusted EPS reached USD 0.04 against a consensus loss of USD 0.04, according to MarketBeat.

The comparison is important because the earnings beat did not come with top-line expansion. For a packaging producer, the revenue contraction places greater weight on pricing, product mix and cost control in the next reporting period.

Analyst target moves to USD 46

Bank of America upgraded International Paper from Neutral to Buy on September 11, 2026, and raised its price target to USD 46.00 from USD 34.00, as Investing.com reported. The target change gives the analyst view a concrete connection to containerboard pricing, but it does not remove the revenue pressure shown in Q2.

The wider analyst picture remains mixed in detail. Wall Street Zen upgraded the stock from Sell to Hold, while the average target cited by MarketBeat was USD 49.13, higher than the September 23 price.

A wide 52-week range

International Paper's 52-week range was USD 29.26 to USD 50.25 as of September 23, 2026. The USD 35.70 price therefore sat USD 14.55 below the yearly high and USD 6.44 above the yearly low, leaving earnings execution as the clearest near-term numerical test.

The company operates in Basic Materials and Paper, Lumber and Forest Products, with packaging and cellulose fibers as its principal activities.