Knight-Swift Q2 earnings jump 80% on truckload pricing gains, issues $1.5B convertibles

Filed July 22, 2026 · Period ending July 22, 2026 · ~2 min read

Key Changes

• high

  Adjusted EPS rose 80% to $0.63 from $0.35 year-over-year as total revenue climbed 12.6% to $2.1B; operating income up 44.4% on pricing momentum and network execution.

  Exhibit 99.1 view on EDGAR →
• high

  Truckload segment revenue per loaded mile improved 5.5%, with pricing accelerating to high single-digits in June (double-digit in over-the-road); adjusted operating ratio improved 360 bps to 91.0%.

  Exhibit 99.1 view on EDGAR →
• high

  Issued $1.5B convertible notes (5.5-year, 1.0% coupon) to refinance floating-rate credit facility borrowings (~4.9% rate), leaving zero drawn on $1.5B revolver and $225M term loans outstanding.

  Exhibit 99.2 view on EDGAR →