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Southern Company (SO) Q2 FY2026: Data Center Surge Drives 23% Adjusted EPS Beat

Aug 25, 2026

Southern Company (NYSE: SO) — Q2 FY2026 Earnings Analysis

Period: Three and Six Months Ended June 30, 2026 Filing: Form 10-Q, filed July 30, 2026 (Accession: 0000092122-26-000054) Source: SEC EDGAR primary filing + Q2 2026 earnings press release (8-K, ex99-pressreleaseq22026.htm) Analyst Note: All figures in USD millions unless otherwise stated. GAAP and non-GAAP (Excluding Items) results are presented where applicable.

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Executive Summary

Southern Company delivered a standout second quarter for fiscal year 2026, reporting adjusted earnings per share of $1.13 — a 23% year-over-year increase that cleared its own internal forecast by $0.13 and beat the Wall Street consensus of $0.99 by 14 cents. On a GAAP basis, net income attributable to Southern Company was $1.174 billion ($1.03 per share), up sharply from $880 million ($0.80 per share) in Q2 2025.

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Southern Company (SO) Q2 FY2026: Data Center Surge Drives 23% Adjusted EPS Beat

Southern Company (NYSE: SO) — Q2 FY2026 Earnings Analysis

Executive Summary

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