Republic Services reported second-quarter 2026 revenue of USD 4.43 billion and adjusted earnings of USD 1.85 per share on August 6, beating consensus on both lines and holding full-year adjusted EPS guidance at USD 7.23-7.28. The results give the Phoenix-headquartered waste and recycling operator a firm earnings base with two quarters left in the fiscal year.

The company released the figures in its August 6, 2026 results announcement. MarketBeat's September 23 recap of the filing put the adjusted EPS beat at USD 0.04 over the USD 1.81 consensus, with revenue topping the USD 4.36 billion forecast by USD 0.07 billion — a 1.61 percent revenue surprise.

How much did the top line grow?

Revenue rose 4.6 percent year over year, according to the company's release. That growth rate, applied across a business of this scale, points to continued pricing and volume traction in both the collection and post-collection segments.

Beyond the adjusted headline numbers, the official release listed:

• GAAP EPS of USD 1.84 for the quarter
• Year-to-date operating cash flow of USD 2.38 billion
• Adjusted free cash flow of USD 1.58 billion for the period

The near-parity between GAAP and adjusted EPS (USD 1.84 vs. USD 1.85) indicates minimal one-off adjustments in the quarter — a clean print by large-cap waste-sector standards.

What does the guidance imply for the second half?

The maintained USD 7.23-7.28 adjusted EPS range effectively frames the second-half delivery requirement. The Q2 result of USD 1.85 sits inside that annual framework rather than standing as a trend line on its own. Holding guidance after a two-line beat signals management sees no need to rebase expectations — and sets a concrete benchmark for the next report.

Republic Services scheduled its third-quarter 2026 results for October 29, 2026, after market close, with an investor conference call at 5:00 p.m. Eastern Time. That call is where analysts will test whether the 4.6 percent revenue growth rate held through Q3 and whether the free cash flow trajectory stays on pace.

Where does the stock stand?

The market is pricing the company at a substantial premium typical of the sector's consolidated large caps. As of September 29, 2026:

• Market capitalization: USD 65.2 billion
• 52-week range: USD 196.41-233.42
• Latest primary-market reference: USD 211.92 — below the yearly high, above the yearly low

Listed on the NYSE under ticker RSG, Republic Services operates across the Industrials sector in waste management: collection and processing of recyclable materials, non-hazardous solid waste handling, landfill and transfer operations, and environmental solutions layered on top of a recurring collection revenue base.

What happens next?

The October 29 third-quarter release and 5:00 p.m. ET conference call decide whether the USD 7.23-7.28 full-year adjusted EPS guidance holds into the final quarter — the milestone that will define whether this fiscal year closes as a beat-and-raise story or a hold-and-wait one.