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UPS shares jump after second-quarter beat and higher 2026 outlook
UPS says it has completed its Amazon volume reduction and network reconfiguration, while U.S. Domestic revenue rose even as daily package volume fell.
UPS shares rose in premarket trading after the package-delivery company reported a second-quarter beat and increased its 2026 guidance, according to Yahoo Finance. The company reported quarterly revenue of $22.83 billion, above the $21.81 billion consensus estimate, and adjusted earnings of $1.76 per share versus $1.66 expected.
UPS also lifted its full-year targets. The company now expects revenue of approximately $91.2 billion, up from $89.7 billion, and adjusted earnings of approximately $7.22 per share.
Beyond the headline results, UPS pointed to an operational milestone tied to its Amazon volume pullback. Eighteen months after announcing an accelerated reduction in lower-margin Amazon volume, UPS said it had completed the planned glide down and the related phase of its network reconfiguration, with Amazon’s revenue share falling from a peak of more than 13% to 8.8% by the end of the first quarter.
UPS described domestic progress alongside volume declines. U.S. Domestic average daily package volume fell 3.3%, but revenue increased 6% as revenue per piece rose 9.3%, while adjusted domestic operating profit grew 21% to lift the segment’s adjusted margin to 8% from roughly 7% a year earlier, with fuel surcharges contributing to the revenue-per-piece improvement.