United Parcel Service reported second-quarter results that exceeded Wall Street projections and prompted the company to elevate its full-year outlook. The parcel delivery firm posted net income of $604 million, or 71 cents per share, for the quarter ending June 30, representing a decline from the prior-year period’s $1.28 billion, or $1.51 per share. On an adjusted basis excluding one-time items, the company recorded profit of $1.5 billion, or $1.76 per share.
Following the stronger-than-expected performance, UPS raised its full-year 2026 consolidated revenue guidance to $91.2 billion and adjusted diluted earnings per share guidance to approximately $7.22 per share. Chief Executive Carol Tomé characterized the second-quarter results as reflecting an anticipated shift in company performance, with both consolidated revenue and non-GAAP adjusted operating profit achieving growth during the period. She noted that the company entered the second half of the year with momentum supporting the elevated guidance.
Operational improvements across divisions contributed to the quarter’s performance. Domestic revenue increased 6% driven by gains in revenue per piece, while international revenue climbed 12.5%. Supply chain solutions revenue grew 7.8%, with healthcare logistics contributing meaningfully to that expansion. The company attributed progress partly to its ongoing network reconfiguration initiative, which has delivered approximately $1.2 billion in program benefits to date with expectations to reach $3 billion by year-end.
The company continues executing a broader turnaround strategy designed to establish a foundation for sustained long-term growth. Strategic priorities include advancing automation capabilities throughout its logistics networks and pursuing expansion opportunities in emerging sectors such as healthcare logistics services. Share price movement reflected modest gains in premarket trading following the announcement.
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