UPS Q2 2026 earnings beat estimates as company raises outlook
UPS topped analyst expectations for the second quarter and lifted its 2026 revenue and adjusted EPS guidance.
By Hana Yoshida · Markets Reporter
2 min read
UPS Q2 2026 earnings came in ahead of Wall Street estimates, and the delivery company raised its full-year outlook on Tuesday. The report matters because UPS is trying to show investors that its turnaround plan can translate into stronger profit and revenue trends.
CNBC reported that UPS shares moved slightly higher in premarket trading after the results. The company posted second-quarter revenue of $22.8 billion, above the $21.81 billion expected by analysts surveyed by LSEG.
Adjusted earnings were $1.76 per share, also ahead of the $1.66 per share expected by analysts in the LSEG survey. UPS said adjusted profit was $1.5 billion for the quarter after excluding one-time items.
What did UPS report in Q2 2026?
For the quarter that ended June 30, UPS reported net income of $604 million, or 71 cents per share. That was down from $1.28 billion, or $1.51 per share, in the same period a year earlier.
The adjusted numbers told a stronger story than the net income figure. UPS reported adjusted earnings per share that beat expectations and revenue that also topped analyst forecasts.
UPS said it now expects 2026 consolidated revenue of $91.2 billion. The company also projected adjusted diluted earnings of about $7.22 per share for the full year.
Chief Executive Carol Tomé said in the company’s release that the second quarter brought an expected improvement in performance. She said UPS delivered consolidated revenue growth and growth in non-GAAP adjusted operating profit, and that the company entered the second half with momentum.
Why did UPS raise its full-year guidance?
UPS said it lifted its full-year targets for consolidated revenue, non-GAAP adjusted operating profit and non-GAAP adjusted diluted earnings per share. The company did not give a detailed breakdown in the reported results beyond the new revenue and adjusted EPS figures.
The guidance increase came as UPS works through a turnaround strategy aimed at long-term growth. CNBC reported that the company is focused on adding more automation to its network and expanding in growth areas, including healthcare logistics.
Automation can help delivery companies process packages more efficiently across large networks. Healthcare logistics is a market tied to transporting medical products and related shipments, an area UPS has identified as part of its growth push.
The report gives investors two competing signals: UPS beat expectations on adjusted earnings and revenue, while net income fell sharply from the year-earlier quarter. The company’s raised guidance shows management expects the second-half performance to support a higher full-year target.
This story draws on original reporting from CNBC.