Carol Tomé reports UPS second-quarter earnings beat and raised full-year guidance despite flat third-quarter outlook
Carol Tomé, CEO of United Parcel Service, reported that the company exceeded Wall Street expectations for the second quarter, posting a profit of $1.5 billion and raising its full-year 2026 guidance. Despite the positive results, UPS shares fell approximately 8% in early trading as investors reacted to a forecast of flat domestic revenue for the third quarter. Tomé noted that the company successfully completed its 'glide-down' with Amazon, intentionally removing 2 million pieces of lower-quality volume per day to eliminate $4.5 billion in expenses. She highlighted growth in international revenue, which jumped 12.5%, and healthcare logistics, which generated over $3 billion in revenue for the second consecutive quarter. Tomé emphasized that the administration of the company's network is now leaner and more automated, positioning UPS for long-term growth. She stated that the company is seeing momentum in the China to U.S. lane and remains focused on moving the right mix of volume through its network to achieve operating leverage.