We reported Q2 2026 earnings on July 28, as our CEO, Carol Tomé, highlighted financial results that showcased the “successful execution of key initiatives and the strength of our underlying business” – and perhaps most importantly, why we’re so excited about the future.
For a full breakdown of our Q2 earnings, check out the numbers here.
But what do those numbers tell us about our long-term strategy and this inflection point for our business? Here are the top five takeaways from our latest earnings call:
1) We completed our Amazon glide down and related network reconfiguration
This moment was 18 months in the making, as Carol marked the successful completion of our strategic Amazon glide down and related network reconfiguration, a “deliberate, structural reset of our U.S. business.”
We are now more selective in serving customers where it matters most – end-to-end logistics – more balanced across industries and segments and finally, more focused on revenue quality, not just volume.
With this defining moment, we’re cementing our position as the global leader in complex, premium logistics.
2) Thanks to our people, we now have a leaner, more agile network that will deliver for our customers
As Carol said, this network reconfiguration was never the destination – it was the foundation for long-term and more sustainable growth.
In eliminating approximately 2 million pieces per day of lower-quality Amazon volume, we also reconfigured and further automated our network for higher-return opportunities.
“I’m incredibly proud of what we have accomplished,” she said, shouting out UPSers for their “extraordinary work” in designing our Network of the Future, now stronger, smarter and built to last.
3) The next phase of our strategy is straightforward – it’s about moving the right packages and the right mix of volume through our network
While we continue to deliver the industry-leading service that sets UPS apart, we now have a more automated network, primed for high-growth areas like healthcare, business-to-business (B2B) and international logistics.
For example, we generated back-to-back $3 billion healthcare revenue quarters in the first half of 2026 and have gained healthcare market share every year since 2021.
We’re already the No. 1 provider of complex healthcare logistics solutions in the world, and we’re not stopping there – temperature-sensitive biologics is projected to be a nearly $40 billion market opportunity by the year 2033, where we are uniquely positioned to win.
Looking at B2B, another proof point: We recently invested $50 million in network capabilities and dedicated industry teams to help automotive and industrial manufacturers navigate global trade complexities.
4) We’re growing in Asia
While the macroeconomic environment is different compared to our expectations at the beginning of the year, we’re meeting our customers where they need us and tapping into new opportunities.
“We returned to year-over-year volume growth on the China-to-U.S. lane in May,” said Chief Financial Officer Brian Dykes, noting that “during the second quarter trade lanes began to rebalance, particularly in Asia.”
Additionally, Asia-to-Asia export volume increased 13.6% compared to last year, enabled by our recent investments in the region.
5) We entered the second half of the year with strong momentum
Our second-quarter results marked an expected and significant shift in our performance.
Based on our year-to-date results, we are raising our full-year 2026 consolidated revenue outlook to approximately $91.2 billion. We are also raising our consolidated non-GAAP adjusted* operating profit expectation to approximately $8.65 billion and lifting our non-GAAP adjusted diluted earnings per share guidance to approximately $7.22.
“With the foundational groundwork now in place, we are excited about the opportunities that lie ahead,” Carol said, looking toward the back half of the year.
As for the roughly 460,000 UPSers serving more than 200 countries and territories around the world, we know that our network is powered by the innovation and unparalleled service that defined UPS for more than a century – and will endure for the next century.
* “Non-GAAP adjusted” amounts are non-GAAP adjusted financial measures. See the appendix of the UPS 2Q26 Earnings Press Release for a discussion of non-GAAP adjusted financial measures, including a reconciliation to the most closely correlated GAAP measure.