Plant-based protein company Beyond Meat (NASDAQ: BYND) beat Wall Street’s revenue expectations in Q2 CY2026, but sales fell by 8.2% year on year to $68.83 million. On top of that, next quarter’s revenue guidance ($62.5 million at the midpoint) was surprisingly good and 4.9% above what analysts were expecting. Its non-GAAP loss of $0.09 per share was 13.3% below analysts’ consensus estimates.

Is now the time to buy Beyond Meat? Find out by accessing our full research report, it’s free.

Company Overview

A pioneer at the forefront of the plant-based protein revolution, Beyond Meat (NASDAQ: BYND) is a food company specializing in alternatives to traditional meat products.

Revenue Growth

A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years.

With $258.8 million in revenue over the past 12 months, Beyond Meat is a small consumer staples company, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with retailers.

As you can see below, Beyond Meat’s revenue declined by 10.1% per year over the last three years as consumers bought less of its products.

This quarter, Beyond Meat’s revenue fell by 8.2% year on year to $68.83 million but beat Wall Street’s estimates by 13.3%. Company management is currently guiding for a 11% year-on-year decline in sales next quarter.

Looking further ahead, sell-side analysts expect revenue to decline by 11% over the next 12 months, similar to its three-year rate. This projection is underwhelming and indicates its newer products will not catalyze better top-line performance yet.

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Volume Growth

Revenue growth can be broken down into changes in price and volume (the number of units sold). While both are important, volume is the lifeblood of a successful staples business as there’s a ceiling to what consumers will pay for everyday goods; they can always trade down to non-branded products if the branded versions are too expensive.

Beyond Meat’s average quarterly sales volumes have shrunk by 14.3% over the last two years. This decrease isn’t ideal because the quantity demanded for consumer staples products is typically stable.

In Beyond Meat’s Q2 2026, sales volumes dropped 9.5% year on year. This result represents a further deceleration from its historical levels, showing the business is struggling to move its products.

Key Takeaways from Beyond Meat’s Q2 Results

We were impressed by how significantly Beyond Meat blew past analysts’ revenue expectations this quarter. We were also glad its revenue guidance for next quarter exceeded Wall Street’s estimates. On the other hand, its EBITDA missed and its EPS fell short of Wall Street’s estimates. Overall, this was a softer quarter. The stock traded up 1.8% to $0.63 immediately following the results.

So should you invest in Beyond Meat right now? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here (it’s free).