GXO Logistics Q2 revenue rises as new business wins grow

GXO Logistics

04/08/2026 21:41

Overview
US contract logistics provider's Q2 revenue up 4.3% yr/yr, missed analyst expectations
Adjusted EPS for Q2 rose to $0.59, slightly beating analyst expectations
Company secured $410 mln in new business, up 34% yr/yr, with focus on strategic verticals

Outlook
GXO sees 2026 organic revenue growth of 4% to 5%
Company expects 2026 adjusted EBITDA of $945 mln to $965 mln
GXO forecasts 2026 adjusted diluted EPS of $2.95 to $3.15

Result Drivers
NEW BUSINESS WINS - Co said $410 mln in new business, up 34% yr/yr, helped drive results, with about 40% in strategic growth verticals
COMMERCIAL MOMENTUM - Co highlighted strong commercial momentum in North America, with first-half wins up 85% yr/yr
AI AND AUTOMATION - Co said scaling of GXO IQ platform is positioning it to realize greater value from AI across its network

Company press release: ID:nGNE3ns0Gn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$3.4 bln
$3.46 bln (13 Analysts)
Q2 Adjusted EPS
Beat
$0.59
$0.58 (15 Analysts)
Q2 Net Income
 
$27 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"
Wall Street's median 12-month price target for GXO Logistics Inc is $67.50, about 33.3% above its August 3 closing price of $50.62
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 4 - Expeditors International Q2 revenue beats on airfreight demand
Aug 3 - Matson Q2 revenue rises on China demand, raises outlook
Aug 4 - Zebra Technologies raises annual forecast on strong demand for automation products 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)