UPS raises 2026 guidance as Q2 revenue rises 7.6% but GAAP profit falls 49%
UPS reported second-quarter 2026 consolidated revenue of $22.8 billion, up 7.6% from a year earlier, while GAAP operating profit fell to $930 million from $1.82 billion. The company raised its full-year 2026 revenue, non-GAAP adjusted operating profit and non-GAAP adjusted diluted EPS guidance, but GAAP results included $891 million in after-tax transformation charges, mainly employee separation costs.
Key points
- Q2 2026 revenue was $22.8 billion versus $21.2 billion in Q2 2025.
- GAAP diluted EPS was $0.71 versus $1.51; the transformation charges were $1.05 per diluted share.
- Non-GAAP adjusted diluted EPS was $1.76 versus $1.55 a year earlier.
- Full-year 2026 guidance was raised to about $91.2 billion revenue, $8.65 billion non-GAAP adjusted operating profit and $7.22 non-GAAP adjusted diluted EPS.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 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 July 28, 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.