Landstar Q2 Revenue Jumps 18% to $1.43B, EPS Up 20% to $1.44; July Trends Accelerate
LSTR sits 55% above its 52-week low of $119.32.
Summary
Landstar reported Q2 2026 revenue of $1.43 billion, up 18% year-over-year, with EPS of $1.44 beating the prior year by 20%. July business trends are accelerating, with truck loads up 5% and revenue per load up 26% versus July 2025.
Key Events · Earnings and Guidance · LSTR
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Q2 Revenue and Earnings Beat
Revenue of $1.432 billion increased 18% year-over-year, driven by a 17% rise in truck revenue per load and a 2% increase in truck loads. Diluted EPS of $1.44 was up 20% from $1.20 in Q2 2025.
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July Trends Accelerate
In July 2026, truck loads are approximately 5% above July 2025 and truck revenue per load is approximately 26% higher, both above typical seasonal patterns, indicating strong Q3 momentum.
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BCO Truck Count Grows
Net 68 BCO truck additions in Q2 2026, the strongest quarterly improvement since Q1 2022, bringing total BCO trucks to 8,544.
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Dividend Increased 10%
Board declared a quarterly dividend of $0.44 per share, a 10% increase over the prior regular quarterly dividend, payable September 9, 2026 to shareholders of record August 18, 2026.
Analysis · LSTR · Energy & Transportation
A standout second quarter saw revenue, operating income, and EPS all climb by double digits year-over-year. The 18% revenue advance was fueled by a 17% surge in truck revenue per load alongside a 2% increase in truck loads—both handily beating normal seasonal patterns. Gross profit expanded 21%, and variable contribution rose 17%. Capacity growth also impressed, with a net 68 BCO trucks added, the best quarterly gain since early 2022. Momentum is building into Q3: July truck loads are tracking 5% above last year and revenue per load is 26% higher. Reflecting that confidence, the board raised the quarterly dividend by 10% to $0.44 per share. One area to watch is insurance and claims expense, which rose sharply due to unfavorable development of prior years' claims. The balance sheet remains sturdy with $348 million in cash and short-term investments, and the company returned $120 million to shareholders in the first half through buybacks and dividends.
At the time of this filing, LSTR was trading at $185.32 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $6.3B. The 52-week trading range was $119.32 to $228.46. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.