Knight-Swift Transportation

Q2 FY2026 EarningsQ2 FY26 revenue reached $2.10B, up 12.6% YoY, while Adjusted EPS surged 80.0% to $0.63, significantly outperforming GAAP EPS of $0.26 due to one-time charges. The Truckload segment drove performance with a 91.0% Adjusted Operating Ratio, benefiting from a 5.5% increase in revenue per loaded mile. Intermodal turned profitable with a 34.9% revenue jump, while LTL margins improved to a 92.1% Adjusted OR. The company significantly optimized its capital structure during the quarter by issuing $1.5B in 1.00% Convertible Senior Notes due 2031 to retire higher-cost debt.