UPS exceeded Wall Street expectations for both revenue and earnings in the second quarter. The company reported adjusted earnings of $1.76 per share. Revenue reached approximately $22.8 billion.
Management attributed the performance to strategic initiatives and significant cost-saving measures. UPS successfully completed a planned reduction in lower-margin business with Amazon.
UPS raised its full-year 2026 revenue guidance to approximately $91.2 billion. The company increased its adjusted earnings forecast to around $7.22 per share.
Transformation efforts involving network reconfigurations and workforce reductions remain on track. UPS shares rose in pre-market trading following the announcement.