O-I Expects 2026 Adjusted EBITDA of $1.25B-$1.30B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2026
0mins
Should l Buy OI?
O-I anticipates 2026 adjusted EBITDA to be in the range of $1.25B-$1.30B, representing up to an 7% increase over 2025 levels. O-I expects free cash flow to approximate $200M in 2026, an increase of nearly 20% compared to 2025.
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Analyst Views on OI
Wall Street analysts forecast OI stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 14.640
Low
17.00
Averages
18.20
High
21.00
Current: 14.640
Low
17.00
Averages
18.20
High
21.00
About OI
O-I Glass, Inc. is a producer of glass bottles and jars around the globe. The Company specializes in the glass container segment of the rigid packaging market. Its segments include Americas and Europe. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. The Company also produces glass packaging for a variety of food items, soft drinks, teas, juices and pharmaceuticals. The Company manufactures glass containers in a wide range of sizes, shapes and colors and is active in new product development and glass container innovation. It sells most of its glass container products directly to customers under annual or multi-year supply agreements. It also sells some of its products through distributors. It operates approximately 69 glass manufacturing plants in 19 countries. It also provides engineering support for its glass manufacturing operations through facilities located in the United States, Poland and Peru.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
O-I Glass Reports Q4 2025 Earnings with Strong Adjustments and Strategic Outlook
- Financial Recovery: O-I Glass reported adjusted earnings of $1.60 per share for 2025, nearly doubling from 2024, with free cash flow rebounding to $168 million, indicating significant financial improvement supported by stable revenues.
- Fit to Win Success: The initiative delivered $300 million in benefits in 2025, surpassing macroeconomic pressures, while raising the cumulative benefit target from $650 million to $750 million, reflecting the company's confidence in future growth.
- Stable Market Share: Despite challenges, O-I maintained or modestly improved market share, with adjusted EBITDA increasing by 11% and margins expanding by 220 basis points, showcasing success in optimizing its business portfolio.
- Cautiously Optimistic Outlook: The company anticipates adjusted EPS between $1.65 and $1.90 for 2026, and while facing inventory adjustments and soft market demand, it remains committed to achieving stable growth through cost control and market optimization.
See More
O-I Glass Q4 Earnings Beat Expectations
- Earnings Beat: O-I Glass reported a Q4 non-GAAP EPS of $0.20, exceeding expectations by $0.01, indicating strong profitability despite revenue challenges.
- Flat Revenue: The company's revenue for Q4 stood at $1.5 billion, flat year-over-year, but fell short of expectations by $20 million, highlighting weak market demand and increased competition.
- Growth Strategy: The 'Fit-To-Win' momentum mentioned in the earnings report sets the stage for multi-year upside, suggesting proactive operational adjustments to enhance competitiveness in a changing market.
- Positive Market Reaction: Despite missing revenue targets, the earnings beat may boost investor confidence in the short term, potentially driving stock price increases and reflecting optimism about the company's future prospects.
See More
O-I Glass to Announce Q4 Earnings on February 10th
- Earnings Announcement: O-I Glass (OI) is set to release its Q4 2023 earnings on February 10th after market close, with consensus EPS estimates at $0.19, reflecting a significant year-over-year increase of 280%, which could provide crucial insights into the company's future profitability.
- Revenue Expectations: Analysts forecast revenue to reach $1.52 billion, representing a modest year-over-year growth of 1.3%, indicating the company's stability and slight growth potential despite economic challenges.
- Historical Performance Review: Over the past two years, O-I Glass has beaten EPS estimates 88% of the time, although it has only surpassed revenue estimates 13% of the time, highlighting strong performance in profitability but indicating a need for improvement in revenue growth.
- Estimate Revision Status: In the last three months, there have been no upward revisions for EPS or revenue estimates, with one downward revision each, which may reflect a cautious market sentiment regarding the company's future performance, prompting investors to closely monitor the upcoming earnings report for insights.
See More
Analysts Upgrade Core Scientific to Buy with $23 Price Target
- Rating Upgrade: BTIG analyst Gregory Lewis upgraded Core Scientific Inc (NASDAQ:CORZ) from Neutral to Buy with a price target of $23, reflecting confidence in the company's future growth potential.
- Market Performance: Core Scientific shares closed at $16.73 on Monday, indicating a potential upside of 37.5% to the analyst's target price, which may attract more investor interest in the stock.
- Industry Trends: This rating change aligns with market expectations of a rebound in blockchain and cryptocurrency mining demand, indicating analysts' optimism about the industry's recovery.
- Investor Confidence: The positive rating from analysts could enhance investor confidence in Core Scientific, potentially driving the stock price up and improving the company's financing environment.
See More
O-I Glass (OI) Shows Strong Momentum: Is It a Good Investment Opportunity?
Momentum Investing Overview: Momentum investing involves buying stocks that are trending upwards, with the expectation that they will continue to rise. The Zacks Momentum Style Score helps investors identify stocks with strong momentum indicators.
O-I Glass Performance: O-I Glass (OI) has a Momentum Style Score of B and a Zacks Rank of #2 (Buy), showing promising performance with a 7.14% increase over the past week and a 35.53% gain over the last year, outperforming the S&P 500.
Earnings Estimates and Volume: Recent upward revisions in earnings estimates for OI, along with a strong average trading volume of 2,362,136 shares, indicate positive momentum and investor interest.
Investment Recommendations: Zacks Investment Research highlights O-I Glass as a potential stock to watch, alongside other selected stocks that are expected to perform well in the near term, with previous recommendations showing significant gains.
See More
U.S. Judge Approves $5.9 Billion Sale of Citgo Shares to Elliott Investment Management
- Auction Completion: A U.S. judge has authorized the sale of Citgo's parent company PDV Holding shares for $5.9 billion, marking the near conclusion of a two-year auction aimed at repaying over 15 Venezuela-linked creditors, which is expected to provide significant cash proceeds.
- Debt Settlement: The transaction includes a $2.1 billion payment to holders of defaulted Venezuelan bonds, demonstrating a strong commitment to debt resolution while also presenting a significant investment opportunity for Elliott Investment Management.
- Legal Challenges: Despite objections to Amber Energy's bid, the judge confirmed its fairness, indicating a firm judicial stance in navigating complex debt auctions, which may influence future rulings in similar cases.
- Regulatory Approval: The sale is expected to close next year pending approvals from regulators and the U.S. Treasury Department, a process that will impact Citgo's operations and future strategic direction.
See More
O-I Glass Reports Q4 2025 Earnings with Strong Adjustments and Strategic Outlook
- Financial Recovery: O-I Glass reported adjusted earnings of $1.60 per share for 2025, nearly doubling from 2024, with free cash flow rebounding to $168 million, indicating significant financial improvement supported by stable revenues.
- Fit to Win Success: The initiative delivered $300 million in benefits in 2025, surpassing macroeconomic pressures, while raising the cumulative benefit target from $650 million to $750 million, reflecting the company's confidence in future growth.
- Stable Market Share: Despite challenges, O-I maintained or modestly improved market share, with adjusted EBITDA increasing by 11% and margins expanding by 220 basis points, showcasing success in optimizing its business portfolio.
- Cautiously Optimistic Outlook: The company anticipates adjusted EPS between $1.65 and $1.90 for 2026, and while facing inventory adjustments and soft market demand, it remains committed to achieving stable growth through cost control and market optimization.
See More
O-I Glass Q4 Earnings Beat Expectations
- Earnings Beat: O-I Glass reported a Q4 non-GAAP EPS of $0.20, exceeding expectations by $0.01, indicating strong profitability despite revenue challenges.
- Flat Revenue: The company's revenue for Q4 stood at $1.5 billion, flat year-over-year, but fell short of expectations by $20 million, highlighting weak market demand and increased competition.
- Growth Strategy: The 'Fit-To-Win' momentum mentioned in the earnings report sets the stage for multi-year upside, suggesting proactive operational adjustments to enhance competitiveness in a changing market.
- Positive Market Reaction: Despite missing revenue targets, the earnings beat may boost investor confidence in the short term, potentially driving stock price increases and reflecting optimism about the company's future prospects.
See More
O-I Glass to Announce Q4 Earnings on February 10th
- Earnings Announcement: O-I Glass (OI) is set to release its Q4 2023 earnings on February 10th after market close, with consensus EPS estimates at $0.19, reflecting a significant year-over-year increase of 280%, which could provide crucial insights into the company's future profitability.
- Revenue Expectations: Analysts forecast revenue to reach $1.52 billion, representing a modest year-over-year growth of 1.3%, indicating the company's stability and slight growth potential despite economic challenges.
- Historical Performance Review: Over the past two years, O-I Glass has beaten EPS estimates 88% of the time, although it has only surpassed revenue estimates 13% of the time, highlighting strong performance in profitability but indicating a need for improvement in revenue growth.
- Estimate Revision Status: In the last three months, there have been no upward revisions for EPS or revenue estimates, with one downward revision each, which may reflect a cautious market sentiment regarding the company's future performance, prompting investors to closely monitor the upcoming earnings report for insights.
See More
Analysts Upgrade Core Scientific to Buy with $23 Price Target
- Rating Upgrade: BTIG analyst Gregory Lewis upgraded Core Scientific Inc (NASDAQ:CORZ) from Neutral to Buy with a price target of $23, reflecting confidence in the company's future growth potential.
- Market Performance: Core Scientific shares closed at $16.73 on Monday, indicating a potential upside of 37.5% to the analyst's target price, which may attract more investor interest in the stock.
- Industry Trends: This rating change aligns with market expectations of a rebound in blockchain and cryptocurrency mining demand, indicating analysts' optimism about the industry's recovery.
- Investor Confidence: The positive rating from analysts could enhance investor confidence in Core Scientific, potentially driving the stock price up and improving the company's financing environment.
See More
O-I Glass (OI) Shows Strong Momentum: Is It a Good Investment Opportunity?
Momentum Investing Overview: Momentum investing involves buying stocks that are trending upwards, with the expectation that they will continue to rise. The Zacks Momentum Style Score helps investors identify stocks with strong momentum indicators.
O-I Glass Performance: O-I Glass (OI) has a Momentum Style Score of B and a Zacks Rank of #2 (Buy), showing promising performance with a 7.14% increase over the past week and a 35.53% gain over the last year, outperforming the S&P 500.
Earnings Estimates and Volume: Recent upward revisions in earnings estimates for OI, along with a strong average trading volume of 2,362,136 shares, indicate positive momentum and investor interest.
Investment Recommendations: Zacks Investment Research highlights O-I Glass as a potential stock to watch, alongside other selected stocks that are expected to perform well in the near term, with previous recommendations showing significant gains.
See More
U.S. Judge Approves $5.9 Billion Sale of Citgo Shares to Elliott Investment Management
- Auction Completion: A U.S. judge has authorized the sale of Citgo's parent company PDV Holding shares for $5.9 billion, marking the near conclusion of a two-year auction aimed at repaying over 15 Venezuela-linked creditors, which is expected to provide significant cash proceeds.
- Debt Settlement: The transaction includes a $2.1 billion payment to holders of defaulted Venezuelan bonds, demonstrating a strong commitment to debt resolution while also presenting a significant investment opportunity for Elliott Investment Management.
- Legal Challenges: Despite objections to Amber Energy's bid, the judge confirmed its fairness, indicating a firm judicial stance in navigating complex debt auctions, which may influence future rulings in similar cases.
- Regulatory Approval: The sale is expected to close next year pending approvals from regulators and the U.S. Treasury Department, a process that will impact Citgo's operations and future strategic direction.
See More
