UPS Q3 Beats and Raises Full-Year 2026 Guidance to ~$7.28 Adjusted EPS
UPS sits 17% above its 52-week low of $87.14.
Summary
UPS grew Q3 revenue 6.7% to $22.9B, topping the $22.27B consensus, and posted adjusted EPS of $1.69, then raised full-year 2026 guidance to ~$92.6B revenue — up from approximately $91.2B — and ~$7.28 adjusted EPS. A $182M Supply Chain Solutions goodwill impairment pulled GAAP EPS down to $1.37.
Updated with a Dow Jones Newswires report · What changed
Updates
· Dow Jones Newswires — UPS raised its full-year revenue outlook to about $92.6 billion from approximately $91.2 billion, and Q3 revenue rose 6.7% to $22.9 billion, topping the $22.27 billion consensus.
Key Events · Earnings and Guidance · UPS
-
Updated · · Dow Jones Newswires
Q3 Revenue Up 6.7% to $22.9B, Topping Consensus
All three segments contributed. U.S. Domestic revenue rose 4.5% to $14,865M on a 6.1% increase in revenue per piece; International rose 7.1% to $5,007M on a 15.0% increase in revenue per piece; and Supply Chain Solutions rose 18.2% to $2,981M. Revenue topped the $22.27B consensus.
-
Updated · · Dow Jones Newswires
Full-Year Guidance Raised to ~$92.6B Revenue
For 2026, UPS now expects revenue of ~$92.6B, raised from approximately $91.2B, non-GAAP adjusted operating profit of ~$8.75B, non-GAAP adjusted diluted EPS of ~$7.28 and non-GAAP adjusted free cash flow of ~$6.1B. Fourth-quarter guidance was also raised, to ~$25.7B revenue and ~$3.3B adjusted operating profit.
-
$182M Goodwill Impairment Hits GAAP
GAAP diluted EPS was $1.37 versus adjusted $1.69, reflecting a net $279M charge ($0.32 per share): $130M after-tax transformation costs plus a $182M goodwill impairment in Supply Chain Solutions, partly offset by a $33M gain on MD-11 asset sales. Supply Chain Solutions GAAP operating profit fell 82.5% to $92M.
-
Adjusted EPS Still Below Last Year
Non-GAAP adjusted diluted EPS of $1.69 compares with $1.74 in Q3 2025, and adjusted operating margin narrowed to 9.0% from 10.0%, so the raise rests on the forward outlook rather than the quarter.
Analysis · UPS · Energy & Transportation
The headline is a broad raise of the full-year 2026 outlook: revenue to ~$92.6B from approximately $91.2B, non-GAAP adjusted operating profit to ~$8.75B, adjusted EPS to ~$7.28 and adjusted free cash flow to ~$6.1B. That follows a quarter in which revenue grew 6.7% to $22.9B, topping the $22.27B consensus, with growth in all three segments. Quality of earnings is the caveat. GAAP operating profit of $1.7B was dragged down by a $182M goodwill impairment in Supply Chain Solutions, where GAAP operating profit fell 82.5% to $92M, and by $171M of transformation costs. Adjusted EPS of $1.69 was still below last year's $1.74, so the raise is about the forward trajectory rather than the quarter itself. Against a backdrop of a 30,000-job, 24-facility cost cut and an Amazon volume exit, the guidance raise is the first hard evidence those cuts are paying off.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, UPS was trading at $102.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $85.4B. The 52-week trading range was $87.14 to $122.41. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.