UPS raises full-year forecast after third-quarter revenue rises 6.7%

UPS raised its full-year financial outlook on Tuesday 27 October after reporting third-quarter revenue of $22.9 billion, up 6.7% from a year earlier, with growth in all segments.

Diluted earnings per share were $1.37, and adjusted earnings per share were $1.69, the company said. The GAAP figures include a net charge of $279 million, made up mainly of transformation costs and a $182 million goodwill impairment in its Supply Chain Solutions business. CNBC reported that the results beat Wall Street expectations and that the shares rose about 3% by midday in New York. As of 17:50 GMT, UPS shares were up about 4.7% at $105.08, according to Yahoo Finance data, with the session still under way.

UPS now expects full-year 2026 revenue of about $92.6 billion, adjusted operating profit of about $8.75 billion, adjusted earnings per share of about $7.28 and adjusted free cash flow of about $6.1 billion. For the fourth quarter it forecast revenue of about $25.7 billion.

US Domestic revenue rose 4.5%, driven by a 6.1% rise in revenue per piece, while average daily US package volume fell to about 15.6 million from 16.2 million. International revenue rose 7.1%, and Supply Chain Solutions revenue rose 18.2%.

“Given the strength we see in the business, we are raising our full-year financial guidance,” chief executive Carol Tomé said, citing premium growth and greater network efficiency.