UPS reports Q2 revenue up 7.6% to $22.8B, raises full-year guidance after Amazon exit

Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read

Key Changes

• high

  Q2 revenue rose 7.6% to $22.8B on 9.3% higher revenue per piece despite 3.7% volume decline; non-GAAP adjusted EPS of $1.76 beat prior year's $1.55, but GAAP EPS fell 53% to $0.71 on $891M in transformation charges.

  Item 2.02 verify on EDGAR →
• high

  Company completed 18-month Amazon volume glide-down and raised full-year 2026 guidance: revenue to ~$91.2B, non-GAAP adjusted operating profit to ~$8.65B, and adjusted EPS to ~$7.22.

  Exhibit 99.1 view on EDGAR →
• high

  Recorded $891M after-tax transformation charges ($1.05/share) in Q2, primarily employee separation costs from Driver Choice Program; charges part of initiatives expected to deliver ~$3B in full-year 2026 benefits.

  Exhibit 99.1 view on EDGAR →