The modest beat and guidance raise, combined with improving used vehicle pricing and rental utilization, support a positive near-term outlook. Watch for freight cycle recovery to lift SCS and DTS segments; continued share repurchases and dividend growth provide downside support.
Price Chart
Executive Summary
Ryder System reported Q2 2026 comparable EPS of $3.73, a 1% beat vs consensus of $3.69, and total revenue of $3.347B (+5% YoY) vs $3.29B estimate. The company raised its full-year 2026 comparable EPS guidance to $14.40-$14.80 from $14.05-$14.80, driven by strong Fleet Management Solutions performance and improving used vehicle market conditions, though Supply Chain and Dedicated Transportation earnings declined.
Key Financial Metrics
Key Facts
- GAAP EPS from continuing operations of $3.40, up 8% from $3.15 YoY
- Comparable EPS (non-GAAP) of $3.73, up 12% from $3.32 YoY
- Total revenue of $3.347B, up 5% YoY; operating revenue of $2.686B, up 3% YoY
- Full-year 2026 comparable EPS guidance raised to $14.40-$14.80 (prior $14.05-$14.80)
- FMS segment EBT up 20% to $150M; SCS EBT down 7% to $92M; DTS EBT down 4% to $36M
- Recorded a $10M non-cash impairment charge on an intangible asset
- Debt-to-equity ratio of 259%, up from 250% at year-end 2025, within 250%-300% target
- Free cash flow (non-GAAP) of $684M for H1 2026 vs $461M in H1 2025
Financial Impact
Comparable EPS beat consensus by $0.04 (1.0%); revenue beat by $57M (1.7%); full-year EPS guidance raised by $0.35 at the low end
Risk Factors
- Prolonged freight downturn could further pressure DTS and SCS automotive volumes
- Debt-to-equity at 259% limits financial flexibility; rising interest rates could increase borrowing costs
- SCS earnings declined 7% YoY due to lower automotive results and new business ramp-up costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000085961-26-000020 |
| Document: 0000085961-26-000020-index-headers.html | 0000085961-26-000020 |
| Document: 0000085961-26-000020-index.html | 0000085961-26-000020 |
| Document: 0000085961-26-000020.txt | 0000085961-26-000020 |
| 8-K Data (Synthetic) | 0000085961-26-000020 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $282.20 | awaiting T+60 | — | $279.55 (−0.94%) |
Oct 22, 2026 5d ago | 8-K | $265.53 | awaiting T+60 | — | $279.55 (+5.28%) |
Jul 23, 2026 13w ago | 8-K | $267.91 $240.16 | ▼ −10.36% | ▼ −14.91% | $279.55 (+4.34%) |
Jun 1, 2026 21w ago | Insider Cluster | $258.06 $249.64 | ▼ −3.26% | ▼ −4.38% | $279.55 (+8.33%) |
May 14, 2026 23w ago | Court Ruling | $231.06 $260.16 | ▲ +12.59% | ▲ +9.01% | $279.55 (+20.98%) |
Apr 28, 2026 25w ago | DEFA14A | $244.45 $267.68 | ▲ +9.50% | ▲ +5.39% | $279.55 (+14.36%) |
Apr 27, 2026 26w ago | Court Ruling | $245.74 $266.60 | ▲ +8.49% | ▲ +4.39% | $279.55 (+13.76%) |
Apr 23, 2026 26w ago | 8-K | $242.59 $267.69 | ▲ +10.35% | ▲ +5.33% | $279.55 (+15.23%) |
Mar 11, 2026 32w ago | DEFA14A | $194.56 $260.38 | ▲ +33.83% | ▲ +22.31% | $279.55 (+43.68%) |
US Market Status
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