Knight-Swift swings to Q1 net loss of $1.3 million; adjusted EPS falls to $0.09
Knight-Swift reported a first-quarter 2026 net loss attributable to the company of $1.3 million, or $(0.01) per diluted share, compared with earnings of $0.19 per share a year earlier. Total revenue rose 1.4% to $1.9 billion, but charges for an adverse arbitration ruling, a Mexico tax decision and severe weather reduced profit. The company guided second-quarter 2026 Adjusted EPS to $0.45 to $0.49.
Key points
- GAAP net loss attributable to Knight-Swift was $1.3 million, or $(0.01) per diluted share, versus $0.19 per share in Q1 2025.
- Adjusted EPS was $0.09, compared with $0.28 in Q1 2025; total revenue was $1.9 billion, up 1.4%.
- The quarter included $18.0 million of LTL claims expense tied to an adverse arbitration ruling on a 2022 claim and $4.1 million for a Mexico VAT decision.
- Second-quarter 2026 Adjusted EPS guidance is $0.45 to $0.49; full-year 2026 net cash capital expenditures are now $600 million to $650 million, down from $625 million to $675 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.