# Pinnacle West Capital (PNW) — Earnings

PNW · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/pnw/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $1.43 |
| EPS estimate | $1.46 |
| EPS surprise | −1.76% |
| Revenue surprise | +4.24% |
| Revenue | $1.5B |
| Revenue estimate | $1.4B |
| Reported | Aug 4, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/764622/000110465926090108/tm2621767d2_8k.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/b12a1c57-8479-f4f4-baad-dce15ab27b46.html) |

Pinnacle West reported Q2 2026 results on August 4, 2026. Earnings per share were $1.43, missing the $1.46 estimate by 1.76%. Revenue was $1.5 billion, a 4.24% beat on the $1.4 billion consensus. Compared with Q2 2025, EPS fell about 9% from $1.58, while revenue rose from $1.4 billion.

The table shows a strong seasonal pattern. Q3 is the largest quarter every year, with EPS between $2.88 and $3.50. First and fourth quarters are small, and four of them were losses: Q4 2022 at $0.21 per share, Q1 2023 at $0.03, Q4 2024 at $0.06 and Q1 2025 at $0.04. Annual EPS was $4.27 in 2022, $4.41 in 2023, $5.22 in 2024 and $5.06 in 2025. The first half of 2026 totals $1.70 per share, about 10% above the same period of 2025. Pinnacle West beat the EPS estimate in 13 of the last 20 quarters. Because estimates for the off-season quarters are close to zero, surprise percentages there can be very large.

Pinnacle West reported Q3 results between November 2 and November 6 in each of the past five years. That points to early November 2026 for the next report, covering what has been its largest quarter.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 4, 2026 | $1.46 | $1.43 | -1.76% | $1.4B | $1.5B |
| Q1 2026 | May 4, 2026 | $0.01 | $0.27 | 2423.36% | $1.1B | $1.1B |
| Q4 2025 | Feb 25, 2026 | $0.06 | $0.13 | 130.09% | $1.2B | $1.1B |
| Q3 2025 | Nov 3, 2025 | $3.07 | $3.39 | 10.29% | $1.8B | $1.8B |
| Q2 2025 | Aug 6, 2025 | $1.59 | $1.58 | -0.62% | $1.4B | $1.4B |
| Q1 2025 | May 1, 2025 | $0.02 | −$0.04 | -327.27% | $1000.0M | $1.0B |
| Q4 2024 | Feb 25, 2025 | −$0.14 | −$0.06 | 57.89% | $1.1B | $1.1B |
| Q3 2024 | Nov 6, 2024 | $3.49 | $3.37 | -3.42% | $1.7B | $1.8B |
| Q2 2024 | Aug 1, 2024 | $1.28 | $1.76 | 37.62% | $1.2B | $1.3B |
| Q1 2024 | May 2, 2024 | −$0.02 | $0.15 | 804.23% | $981.8M | $951.7M |
| Q4 2023 | Feb 27, 2024 | −$0.13 | $0.00 | 100.00% | $1.1B | $991.6M |
| Q3 2023 | Nov 2, 2023 | $3.42 | $3.50 | 2.37% | $1.6B | $1.6B |
| Q2 2023 | Aug 3, 2023 | $1.16 | $0.94 | -18.99% | $1.1B | $1.1B |
| Q1 2023 | May 4, 2023 | $0.01 | −$0.03 | -370.27% | $808.3M | $945.0M |
| Q4 2022 | Feb 27, 2023 | −$0.18 | −$0.21 | -16.54% | $638.3M | $1.0B |
| Q3 2022 | Nov 3, 2022 | $2.61 | $2.88 | 10.47% | $1.3B | $1.5B |
| Q2 2022 | Aug 3, 2022 | $1.31 | $1.45 | 10.73% | $974.6M | $1.1B |
| Q1 2022 | May 4, 2022 | $0.07 | $0.15 | 109.79% | $692.7M | $783.5M |
| Q4 2021 | Feb 25, 2022 | $0.05 | $0.24 | 403.14% | $659.7M | $798.9M |
| Q3 2021 | Nov 5, 2021 | $2.79 | $3.00 | 7.72% | $1.2B | $1.3B |

## Frequently Asked Questions

### When did Pinnacle West Capital (PNW) last report earnings?

Pinnacle West Capital last reported on Aug 4, 2026, covering fiscal Q2 2026.

### Did PNW beat earnings estimates?

No. Pinnacle West Capital reported EPS of $1.43 for Q2 2026 against a $1.46 estimate — a 1.76% miss.

### How much revenue did PNW report last quarter?

Pinnacle West Capital reported $1.5B in revenue for Q2 2026, against a consensus estimate of $1.4B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).