Story perspectives

UPS Raises 2026 Outlook, Shares Slip 6.6%

7/29/2026

Summary

UPS Raises Outlook

UPS raised its 2026 revenue outlook to $91.2 billion and earnings to $7.22 per share.
In Q2 on July 28, UPS posted $22.8 billion revenue and $1.76 earnings per share, above estimates of $21.8 billion and $1.66.
CEO Carol Tomé said Amazon shipments account for about 9 % of UPS volume, down from over 13 % at the pandemic peak.
Shares fell 6.6 % in York, the biggest one-day loss since May 4, closing at $107.53.

Summary

UPS RFID Rollout

UPS completed its RFID rollout in U.S. facilities and trucks, tracking 2.2 million packages daily at origin.
Automation now covers 68.5% of UPS’s U.S. volume, cutting cost per piece about 28% versus non-automated sites.
The Digital Access Program generated $1.4 billion this quarter, with B2B volume up 34% year over year.
Transformation charges were $891 million, mainly employee-separation costs from the Driver Choice Program that cut about 78,000 jobs.

History

Historical Context

After nationwide expansion in 1975 and the launch of UPS Airlines in 1988, UPS began electronically tracking every ground shipment in 1992, and by 1993 was handling up to 11.5 million packages daily. The 1995 acquisition of SonicAir and creation of the UPS Logistics Group extended this digital network, establishing a benchmark that rivals such as FedEx later emulated, spurring industry-wide automation.

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UPS Raises Outlook

UPS raised its 2026 revenue outlook to $91.2 billion and earnings to $7.22 per share.
In Q2 on July 28, UPS posted $22.8 billion revenue and $1.76 earnings per share, above estimates of $21.8 billion and $1.66.
CEO Carol Tomé said Amazon shipments account for about 9 % of UPS volume, down from over 13 % at the pandemic peak.
Shares fell 6.6 % in York, the biggest one-day loss since May 4, closing at $107.53.

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