UPS Reports Q2 2026 Earnings Beat and Raises Full-Year Outlook

United Parcel Service (UPS) posted second-quarter earnings for the period ended June 30 that exceeded analyst expectations. Net income fell to $604 million ( $0.71 per share) from $1.28 billion a year earlier, while adjusted profit rose to $1.5 billion ( $1.76 per share). The carrier lifted its full-year 2026 guidance, now forecasting consolidated revenue of $91.2 billion and adjusted diluted EPS of roughly $7.22 per share. Domestic revenue is expected to be flat year-over-year, with a modest mid-single-digit decline in average daily volume attributed to seasonal factors and the company’s “glide-down” from lower-margin Amazon shipments.

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• Domestic revenue: +6 % YoY, driven by higher revenue per piece.

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• International revenue: +12.5 % YoY.

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• Supply-chain-solutions revenue: +7.8 %, bolstered by healthcare logistics.

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• Healthcare logistics generated > $3 billion in revenue for the second consecutive quarter.

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• Network reconfiguration program has delivered ? $1.2 billion in benefits to date; target $3 billion by year-end.

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• UPS eliminated about 2 million pieces per day of “lower-quality Amazon volume,” cutting roughly $4.5 billion in related expenses.

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She highlighted the completion of the driver-buyout program, the expansion of automation, and investments in radio-frequency identification and artificial intelligence to improve package visibility. Momentum on the China-to-U.S.

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• “We launched a major transformation of our company that was transformative and came with some bumps, but we're through those bumps, and we have returned our company to revenue and profit growth, and that's the guidance that we gave for this year,” — CEO Carol Tomé

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• “If you ignore Amazon and the volume that we intentionally made available to the market, we actually grew our volume in the second quarter,” — Carol Tomé, CEO

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