UPS 2Q FY26 GAAP diluted EPS drops to $0.71; revenue rises 6% to $22.8B

• UPS posted 2Q 2026 revenue of $22.8 billion; diluted EPS was $0.71.
• Operating profit fell to $930 million from $1.82 billion a year earlier; operating margin narrowed to 4.1% from 8.6%.
• Non-GAAP adjusted operating profit rose to $2.1 billion from $1.88 billion; non-GAAP adjusted diluted EPS increased to $1.76 from $1.55.
• GAAP results included after-tax transformation charges of $891 million tied mainly to employee separation costs from the Driver Choice Program.
• UPS lifted its 2026 outlook, targeting about $91.2 billion in revenue, about $8.65 billion in non-GAAP adjusted operating profit, and about $7.22 in non-GAAP adjusted diluted EPS.

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