UPS reported second-quarter revenue of $22.8 billion and adjusted earnings per share (EPS) of $1.76, both above market expectations, according to an SEC Form 8-K filing.
📊 Price at Time of Writing (July 29, 2026, 05:08 KST)
$105.53 ▼ -6.57%
Earnings at a Glance
UPS said it completed, on schedule, the 18-month process of scaling back Amazon delivery volumes and restructuring its network. With that process wrapped up, both revenue and adjusted operating income rose this quarter.
- Revenue: $22.8 billion — the overall growth rate was not disclosed, though segment growth ranged from 6.0% to 12.5%
- Adjusted EPS: $1.76, above market expectations; GAAP net income per share was $0.71
- Operating income: $930 million on a GAAP basis, $2.1 billion on an adjusted basis
- One-time charge: an after-tax $891 million ($1.05 per share) tied to its workforce reduction program
Outlook Update
UPS raised its full-year 2026 revenue guidance to $91.2 billion and its adjusted operating income target to $8.65 billion. The company also lifted its adjusted EPS guidance to $7.22. Capital expenditures remain at roughly $3.0 billion and dividend payments at about $5.4 billion, both unchanged from prior plans. UPS projects an effective tax rate of approximately 23.0%. UPS CEO Carol Tomé said, 'Our second-quarter results reflected the clear inflection we expected,' adding that the company 'entered the back half of the year with strong momentum.'
Market Reaction
Even though earnings beat market expectations and the company raised its annual outlook, shares fell 6.57% following the announcement. As of the morning of July 29, UPS shares stood at $105.53. Bloomberg reported that investors are wary of upcoming wage negotiations with the union, scheduled for two years from now. Reuters reported that investors remained skeptical despite the earnings improvement driven by the pullback in Amazon delivery volumes. Barron's characterized the results as a sign that 'the worst is over.'
Segment Breakdown
- U.S. Domestic Package: $14.9 billion, up 6.0% year-over-year
- International Package: $5.0 billion, up 12.5% year-over-year
- Supply Chain Solutions: $2.9 billion, up 7.8% year-over-year
This article was automatically generated based on the original SEC Form 8-K filing and international media reports, with the goal of delivering key data quickly after the announcement. Readers are advised to review the company's official filing before making trading decisions. Prices reflect the time this article was written and may differ from current levels.
