- UPS reported Q2 2026 earnings on July 28, with CEO Carol Tomé highlighting the successful execution of key initiatives and the strength of our underlying business.
- UPS completed its strategic Amazon glide down and related network reconfiguration, marking a deliberate, structural reset of our U.S. business.
- UPS eliminated approximately 2 million pieces per day of lower-quality Amazon volume, reconfiguring its network for higher-return opportunities.
- UPS generated back-to-back $3 billion healthcare revenue quarters in the first half of 2026 and has gained healthcare market share every year since 2021.
- UPS raised its full-year 2026 consolidated revenue outlook to approximately $91.2 billion and adjusted operating profit expectation to approximately $8.65 billion.
- UPS invested $50 million in network capabilities and dedicated industry teams to navigate global trade complexities.
- By 2028, operating profit is expected to grow to $10 billion, a level not seen since 2023.
- Citi analyst Ariel Rosa called the quarter a 'solid EPS beat' in a report, adding that the quarter might 'help convert skeptics.'
- Jefferies analyst Stephanie Moore pointed out that the guidance went up by roughly the amount of the second quarter beat, so not all that much changed for the second half of 2026.
UPS's second-quarter earnings exceeded Wall Street expectations, with earnings per share of $1.76 on $22.8 billion in sales, compared to forecasts of $1.66 per share. CEO Carol Tomé emphasized the successful execution of key initiatives and the strength of the underlying business.1
The company has seen a significant transformation over the past 18 months, completing a strategic Amazon glide down and a network reconfiguration aimed at enhancing profitability. This involved eliminating approximately 2 million pieces per day of lower-quality Amazon volume, allowing UPS to focus on higher-return opportunities.23
UPS's healthcare segment has also thrived, generating back-to-back $3 billion revenue quarters in the first half of 2026 and gaining market share annually since 2021. The company is investing $50 million in network capabilities to navigate global trade complexities.710
In addition to raising its full-year revenue outlook to $91.2 billion, UPS also increased its operating profit expectation to $8.65 billion and adjusted diluted earnings per share guidance to $7.22. Analysts have responded positively, with Citi's Ariel Rosa calling the quarter a 'solid EPS beat' and Jefferies' Stephanie Moore noting that the guidance increase aligns with the second quarter's performance.56
“UPS eliminated approximately 2 million pieces per day of lower-quality Amazon volume, reconfiguring its network for higher-return opportunities. Additionally, the company raised its full-year 2026 revenue outlook to approximately $91.2 billion, reflecting confidence in ongoing growth.”
