Werner Q2 Revenue Jumps 24% to $934M; Adjusted EPS Surges 178%
WERN sits 63% above its 52-week low of $23.06 on elevated volume (2.4× avg).
Summary
Werner Enterprises reported Q2 2026 revenue of $933.9 million, up 24% year-over-year, with non-GAAP adjusted EPS of $0.22 surging 178%. The company raised full-year guidance for truck count growth, Dedicated pricing, and One-Way Truckload rates, reflecting a strengthening freight environment and successful integration of the FirstFleet acquisition.
Key Events · Earnings and Guidance · WERN
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Revenue Surges 24% to $934M
Total revenues reached $933.9 million, driven by a 36% jump in Truckload Transportation Services revenue to $702.6 million, partially offset by a 4% decline in Logistics.
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Adjusted Operating Income Up 67%
Non-GAAP adjusted operating income rose to $27.6 million from $16.6 million a year ago, as the FirstFleet acquisition and One-Way Truckload restructuring offset lower gains on equipment sales.
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Adjusted EPS of $0.22 Beats Year-Ago
Non-GAAP adjusted diluted EPS was $0.22, up 178% from $0.08 in Q2 2025, reflecting improved core profitability despite a GAAP EPS decline to $0.11 due to a prior-year legal benefit.
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Full-Year Guidance Raised Across Key Metrics
Management lifted 2026 guidance: TTS average truck count growth now 16-18% (from 23-28%), Dedicated RPTPW growth 3-5% (from flat-3%), and One-Way RPTM growth for Q3 2026 guided to 10-13%.
Analysis · WERN · Energy & Transportation
Werner's Q2 results show a sharp revenue increase driven by the FirstFleet acquisition and a tightening freight market, but GAAP earnings fell due to tough comparisons against a one-time legal benefit last year. On an adjusted basis, operating income nearly doubled, and the company raised guidance across key metrics—signaling that the strategic restructuring and acquisition are paying off faster than expected. The improved outlook and strong cash flow position Werner to accelerate earnings through year-end.
At the time of this filing, WERN was trading at $37.50 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $23.06 to $47.49. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.