GXO Logistics Q2 2026: Revenue Hits $3.4B, Adjusted EPS $0.59, and Full-Year Guidance Midpoints Hold Steady
GXO is trading near its 52-week low of $45.4 (7.9% above the low).
Summary
GXO Logistics reported Q2 2026 revenue of $3.4B and adjusted EPS of $0.59, beating estimates by a penny. Full-year guidance midpoints were reaffirmed, supported by strong new business wins and improved cash flow.
Key Events · Earnings and Guidance · GXO
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Q2 Revenue and Earnings
Revenue came in at $3.4B, up 4% year-over-year, alongside adjusted EBITDA of $219M (+3% YoY), net income of $27M, and adjusted diluted EPS of $0.59 — a penny above consensus.
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New Business Wins Surge
Quarterly sales wins reached $410M, lifting incremental 2026 revenues past $1B — 29% higher than the prior year. Approximately 40% of those wins landed in strategic growth verticals.
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Cash Flow and Leverage Improve
Free cash flow turned positive to $12M from -$43M a year ago. The net leverage ratio improved to 2.6x from 3.0x year-over-year.
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FY 2026 Guidance Reaffirmed
Midpoints remain unchanged: organic revenue growth of 4-5%, adjusted EBITDA of $945-$965M, adjusted diluted EPS of $2.95-$3.15, and free cash flow conversion of 30-40%.
Analysis · GXO · Energy & Transportation
GXO Logistics posted Q2 2026 revenue of $3.4 billion, a 4% year-over-year increase, and adjusted diluted EPS of $0.59, edging past consensus by a penny. Organic revenue growth reached 3.4%, with contributions from all three regions. The quarter's $410 million in sales wins pushed incremental 2026 revenues above $1 billion — a 29% jump over the prior year. Notably, about 40% of new business came from strategic growth verticals like aerospace, defense, and life sciences, underscoring the company's competitive edge. Free cash flow swung to a positive $12 million from a negative $43 million a year ago, while net leverage improved to 2.6x from 3.0x. Full-year guidance midpoints were left unchanged: organic revenue growth of 4-5%, adjusted EBITDA of $945-$965 million, and adjusted diluted EPS of $2.95-$3.15. The results reflect steady execution and pipeline momentum, but the revenue miss against consensus and the absence of a guidance raise keep the score at 7 — important but not thesis-altering.
At the time of this filing, GXO was trading at $49.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $6B. The 52-week trading range was $45.40 to $66.85. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.