UPS CEO Carol Tomé confirmed on July 28, 2026, that the company has successfully completed its "Amazon glide down" and related network reconfiguration initiatives. Tomé expressed satisfaction with the outcome, stating that the company is "delighted" to have finished the transition. This key strategic move involved significantly reducing the volume of business handled for Amazon, which, despite being UPS's largest customer for nearly 30 years, was not its most profitable.
This strategic shift appears to have positively impacted UPS's financial outlook. For the full year 2026, UPS now anticipates generating approximately $91.2 billion in revenue, an increase from its previous forecast of $89.7 billion. The company also raised its full-year adjusted earnings guidance to approximately $7.22 per share, up from its earlier projections. Additionally, the non-GAAP adjusted operating profit target for 2026 has been increased to approximately $8.65 billion.
For the second quarter of 2026, UPS reported consolidated revenues of $22.8 billion. Consolidated operating profit stood at $930 million, with a non-GAAP adjusted consolidated operating profit of $2.1 billion. Diluted earnings per share were $0.71, and non-GAAP adjusted diluted earnings per share were $1.76. Tomé thanked UPS employees for their efforts during this period, noting that these results marked an "expected and significant shift" in performance and that the company entered the second half of the year with strong momentum.
