United Parcel Service CEO Carol Tomé reports second-quarter earnings that beat expectations while raising full-year guidance.
United Parcel Service CEO Carol Tomé reported that the company's second-quarter earnings exceeded analyst expectations, leading the company to raise its full-year 2026 revenue guidance to $91.2 billion. Despite a significant drop in net income compared to the previous year, the company reported a profit of $1.5 billion when adjusted for one-time items. Tomé noted that the company is successfully executing a turnaround strategy focused on automation and healthcare logistics, which generated over $3 billion in revenue for the second consecutive quarter. The company also completed a glide-down with Amazon, removing approximately 2 million pieces of lower-quality volume and $4.5 billion in expenses. While domestic revenue grew by 6%, international revenue jumped by 12.5%. Looking ahead, the company expects domestic average daily volume to fall in the mid-single digits during the third quarter due to seasonal declines. Tomé emphasized that the company's leaner, more automated network is positioned to deliver operating leverage as volume grows, even in face of external factors like fuel price volatility.