UPS reported second-quarter earnings that exceeded Wall Street expectations and increased its full-year outlook on Tuesday.
In Q2, the company announced revenue of $22.8 billion and adjusted earnings per share of $1.76.
Other earnings highlights included:
U.S. Domestic Segment
Revenue increased 6.0%, driven by a 9.3% increase in revenue per piece.
Operating margin was 0.1%; non-GAAP adjusted operating margin was 8.0%.
International Segment
Revenue increased 12.5%, driven by an 18.9% increase in revenue per piece.
Operating margin on both a GAAP and non-GAAP adjusted basis was 12.4%.
The earnings win comes as UPS is currently implementing a turnaround plan aimed at positioning the company for long-term, sustainable growth. The company is focusing on increasing automation in its networks and exploring expanding markets, including healthcare logistics.
Carol Tomé, CEO of UPS, told investors, “I want to thank all UPSers for their extraordinary work over the past 18 months as we successfully completed our Amazon glide down and related network reconfiguration initiatives as designed. Our second-quarter results marked an expected and significant shift in our performance and we delivered both consolidated revenue and non-GAAP adjusted operating profit growth. We entered the second half of the year with strong momentum and are raising our full-year consolidated revenue, non GAAP adjusted operating profit and non-GAAP adjusted diluted EPS guidance.”
For the full year 2026, the company is raising its guidance for consolidated revenue to approximately $91.2 billion, consolidated non-GAAP adjusted operating profit to approximately $8.65 billion, and non-GAAP adjusted diluted EPS to approximately $7.22.
UPS shares dipped slightly in premarket trading after the announcement.
By CEO NA Editorial Staff
