Quad/Graphics Q2 Results: Analysts Expect 5.3% Revenue Decline in 2025

Quad/Graphics, Inc. (NYSE:QUAD) reported Q2 results with revenues of $572m, beating analyst forecasts by 3.1%. The company broke even in terms of statutory EPS. Analysts forecast a 5.3% decline in revenue to $2.45b in 2025 and a statutory profit of $0.66 per share. The consensus price target remained unchanged at $9.30. Despite the revenue decline, analysts expect Quad/Graphics to suffer worse than the wider industry.

Title: Quad/Graphics, Inc. (NYSE:QUAD) Reports Q2 2025 Earnings, Beats Analyst Estimates

Quad/Graphics, Inc. (NYSE:QUAD) reported its second-quarter 2025 earnings on July 29, 2025, with revenues of $572 million, surpassing analyst forecasts by 3.1%. The company managed to break even in terms of statutory earnings per share (EPS) for the quarter. Analysts are forecasting a 5.3% decline in revenue to $2.45 billion for the full year 2025, with a statutory profit of $0.66 per share. The consensus price target remained unchanged at $9.30. Despite the revenue decline, analysts expect Quad/Graphics to perform worse than the wider industry.

The company's Q2 2025 results show a 10% decrease in net sales compared to the same period last year, primarily due to lower paper and logistics sales. Excluding the impact of the February 28, 2025, divestiture of its European operations, net sales declined by 4%. Quad/Graphics also reported a net loss of $0.1 million, or $0.00 diluted loss per share, compared to a net loss of $3 million, or $0.06 diluted loss per share, in the same period last year. This improvement was driven by lower selling, general, and administrative expenses, as well as lower depreciation and amortization, interest expense, and benefits from increased manufacturing productivity and savings [2].

Quad/Graphics has been investing in strategic growth areas such as data and audience intelligence, AI-enabled tools and systems, and its In-Store Connect retail media network. The company launched Audience Builder 2.0, an AI-powered tool that enhances media buying with precision at scale, and announced a new partnership with Vallarta Supermarkets to expand its In-Store Connect network. These investments aim to differentiate the company as a marketing experience provider and simplify marketing complexities for its clients [2].

Analysts remain cautious about the company's performance in the coming quarters, with a consensus price target unchanged at $9.30. The company's earnings outlook is mixed, with a Zacks Rank #3 (Hold) for the stock, indicating that the shares are expected to perform in line with the market in the near future. Kornit Digital (KRNT), another company in the commercial printing industry, is expected to report its Q2 2025 results on August 6, 2025 [1].

Investors should keep an eye on the company's earnings outlook and the industry trends to make informed decisions. Quad/Graphics' focus on strategic growth areas and its ability to adapt to an evolving media landscape will be key factors in determining the stock's future performance.

References
[1] https://www.nasdaq.com/articles/quad-graphics-quad-q2-earnings-and-revenues-beat-estimates
[2] https://www.prnewswire.com/news-releases/quad-reports-second-quarter-and-year-to-date-2025-results-302516565.html