Quarterly ResultJul 22, 2026, 04:18 PM
Knight-Swift Q2 Adjusted EPS $0.63, up 80%; Revenue $2.1B
AI Summary
Knight-Swift Transportation Holdings Inc. reported strong second-quarter 2026 financial results, with Adjusted EPS increasing 80% to $0.63 and total revenue growing 12.6% to $2.1 billion. The company saw significant improvements in operating income and adjusted net income, driven by an improving truckload market and network efficiencies. The U.S. Xpress over-the-road division achieved its first profitable quarter since acquisition, and the company provided optimistic guidance for Q3 2026 Adjusted EPS between $0.71 and $0.77.
Key Highlights
- Adjusted EPS for Q2 2026 increased 80.0% to $0.63, compared to $0.35 in Q2 2025.
- Total revenue grew 12.6% to $2.096 billion, with revenue excluding fuel surcharge up 5.5%.
- Adjusted Operating Income rose 45.5% to $151.0 million, improving the Adjusted Operating Ratio by 240 bps to 91.4%.
- Truckload segment revenue (ex-fuel surcharge) increased 2.8%, with Adjusted Operating Ratio improving 360 bps to 91.0%.
- Intermodal segment revenue grew 34.9%, and its operating ratio improved 470 bps to 99.4%.
- Declared a quarterly cash dividend of $0.20 per share, payable June 22, 2026.
- Issued $1.5 billion in convertible 1.0% bonds due November 2031, strengthening liquidity.
- Forecasts Q3 2026 Adjusted EPS to be in the range of $0.71 to $0.77.
Price Impact
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