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UPS · Q2 2026

UNITED PARCEL SERVICE INC

Reported 2026-07-28
IN-LINE
51EarnIQ signal
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Confidence rising

Mild quarter-over-quarter shift

UPS successfully completed its network reconfiguration and raised full-year guidance, signaling strong operational momentum entering the second half.

  • ✓Guidance was raised, with high specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Mixed evidence

The headline and management signals do not point in one direction (confidence rising).

EPS: reported vs expected+4.9%$1.76 vs $1.68
Revenue: reported vs expected+3.7%$22.8B vs $22.0B
Guidance specificityHighRaised
Market expectations supplied by Finnhub · Reported vs consensus estimate

Our second-quarter results marked an expected and significant shift in our performance and we delivered both consolidated revenue and non-GAAP adjusted operating profit growth.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“We entered the second half of the year with strong momentum and are raising our full-year consolidated revenue, non-GAAP adjusted operating profit and non-GAAP adjusted diluted EPS guidance.”
“Our second-quarter results marked an expected and significant shift in our performance and we delivered both consolidated revenue and non-GAAP adjusted operating profit growth.”
“I want to thank all UPSers for their extraordinary work over the past 18 months as we successfully completed our Amazon glide down and related network reconfiguration initiatives as designed”
Guidance specificity
90/100

High specificity

Raised full-year 2026 consolidated revenue outlook to approximately $91.2 billion, non-GAAP adjusted operating profit to approximately $8.65 billion, and non-GAAP adjusted diluted EPS to approximately $7.22.

Pressure point
!

Changes in general economic conditions

0 potential deflections detected in management communication.

Narrative break

What changed

Completion of the Amazon glide down and network reconfiguration initiatives, paving the way for a shift in operational performance.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Consolidated revenues reached $22.8 billion with non-GAAP adjusted operating profit of $2.1 billion.
  • Successful completion of the Amazon glide down and related network reconfiguration initiatives.
  • Raising full-year 2026 guidance for consolidated revenue, operating profit, and diluted EPS.
Key risks
  • Changes in general economic conditions, including global trade policy, new or increased tariffs, and geopolitical uncertainty.
  • Potential increases in expenses or funding obligations relating to employee health, retiree health, and/or pension benefits.
  • Fluctuations in prices of energy, including gasoline, diesel, and jet fuel, along with potential supply interruptions.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+15
New Signal+8
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0