UPS reported second-quarter 2026 adjusted earnings per share of $1.76, beating the expected $1.66 per share and reflecting strong operating performance [1, 2, 3]. The company posted revenue of $22.8 billion for the quarter, exceeding Wall Street forecasts of $21.81 billion [1, 3].
Net income for Q2 came in at $604 million, or $0.71 per share, down from $1.28 billion, or $1.51 per share, in the prior-year quarter, but adjusted profit reached $1.5 billion, or $1.76 per share [1].
UPS raised its full-year 2026 revenue guidance to $91.2 billion, up from its previous forecast of $89.7 billion, and increased its full-year adjusted diluted earnings per share estimate to approximately $7.22 [1, 2, 3]. CEO Carol Tomé said, "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" [1].
UPS’s turnaround strategy focuses on automation and growth in markets such as healthcare logistics [1]. The company realized about $1.2 billion in program benefits from its ongoing network reconfiguration, targeting $3 billion by the end of 2026 [1, 2]. Ms. Tomé noted, "We successfully completed our Amazon glide down and related network reconfiguration initiatives as designed" [2].
The company reported a 6% increase in domestic revenue and a 12.5% increase in international revenue in Q2 [1]. The US Domestic adjusted operating margin was 8%, while international margin reached 12.4% [2]. UPS also completed reducing deliveries for Amazon, which accounted for 8.8% of its business in Q1 2026, down from a peak of more than 13% [2].
Looking ahead, UPS expects Q3 2026 revenue to remain roughly flat compared to the prior year, with an operating margin around 7% [2].
