CalMaine Foods delivered a standout Q2 2025 performance, with revenue of $954.7 million and net income of $219.1 million, translating to EPS of $4.49. The quarter showed dramatic margin expansion, with gross margin of 37.3% and operating margin of 29.1%, supported by favorable product mix and egg-market pricing dynamics. YoY and QoQ comparisons were exceptionally strong: revenue rose 82.5% year over year and 21.5% sequentially; net income climbed roughly 1,188% YoY and 46% QoQ. The company also generated robust operating cash flow of $122.7 million and free cash flow of $92.9 million, while maintaining a healthy balance sheet with net cash (no long-term debt) and a large cash/short-term investment position of $797.2 million. Management commentary is not available in the provided data, but the financials imply disciplined cost control, favorable pricing/mix, and effective capital allocation. Looking ahead, CalMaine appears well-positioned to fund continued capex, dividends, or modest buybacks from its strong liquidity, though the primary macro risk remains egg price volatility and input costs driven by avian health and regulatory factors.