Despite the earnings miss, the raised Q2 guidance suggests underlying business momentum. Monitor bid season progress and fuel price trends as key drivers for the next quarter.
Price Chart
Executive Summary
Knight-Swift reported a significant earnings miss and revenue in-line results for Q1 2026, primarily due to $0.15 per share in one-time expenses from severe weather, fuel spikes, and an adverse arbitration ruling. Despite the miss, management raised Q2 guidance, signaling confidence in improving freight market conditions.
Key Financial Metrics
Key Facts
- GAAP (loss) earnings per share: $(0.01) vs. $0.19 in Q1 2025
- Adjusted EPS: $0.09 vs. $0.28 in Q1 2025
- Revenue: $1.85B, up 1.4% YoY
- Adjusted Operating Ratio worsened to 97.0% from 94.7%
- Guidance raised for Q2: Adjusted EPS of $0.45-$0.49
Financial Impact
Adjusted EPS down 67.9% YoY, revenue up 1.4%, one-time charges totaling $0.15 per share
Risk Factors
- Continued high fuel prices could pressure margins further
- LTL segment's $18M claim expense may indicate ongoing legal exposure
- Weather disruptions could recur in future quarters
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001492691-26-000034 |
| Exhibit: exhibit9223312026.htm | 0001492691-26-000034 |
| Document: knx-20260422.htm | 0001492691-26-000034 |
| Document: 0001492691-26-000034-index-headers.html | 0001492691-26-000034 |
| Document: 0001492691-26-000034-index.html | 0001492691-26-000034 |
| Document: 0001492691-26-000034.txt | 0001492691-26-000034 |
| 8-K Data (Synthetic) | 0001492691-26-000034 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | Insider Cluster | $72.42 $68.43 | ▼ −5.51% | ▼ −3.52% | $66.58 (−8.06%) |
Aug 6, 2026 8w ago | 8-K | $69.28 $69.57 | ▲ +0.42% | ▼ −0.18% | $66.58 (−3.90%) |
Jul 31, 2026 8w ago | Insider Cluster | $68.42 $68.51 | ▲ +0.13% | ▼ −1.11% | $66.58 (−2.69%) |
Jun 8, 2026 16w ago | 144 | $80.35 $74.34 | ▲ +7.48% | ▲ +8.93% | $66.58 (+17.14%) |
Jun 4, 2026 17w ago | 8-K | $78.57 $74.81 | ▼ −4.79% | ▼ −6.65% | $66.58 (−15.26%) |
May 13, 2026 20w ago | 8-K | $59.47 $82.45 | ▲ +38.63% | ▲ +39.24% | $66.58 (+11.95%) |
May 8, 2026 20w ago | 8-K | $61.70 $80.35 | ▲ +30.22% | ▲ +30.52% | $66.58 (+7.90%) |
Apr 22, 2026 23w ago | 8-K | $65.74 $71.00 | ▼ −7.99% | ▼ −3.36% | $66.58 (−1.27%) |
Apr 16, 2026 24w ago | 8-K | $64.37 $68.03 | ▲ +5.68% | ▲ +0.31% | $66.58 (+3.43%) |
US Market Status
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