Analyst Consensus ?
ConsensusBuy35 ratings
Bullish2262.9%
Neutral1234.3%
Bearish12.8%
Knight-Swift Transportation Holdings Inc. · KNX · FY2026 Q2 · Calendar Q3 2026
Knight-Swift Q2: Pricing Gains Lift Earnings, Risks Remain
The quarter supports a constructive operating trajectory: stronger pricing, network improvements, and a profitable U.S. Express quarter improved results. The durability of that progress depends on utilization, rate execution, labor and fuel costs, and the effects of regulatory change.
Reported After market closeNYSEIndustrials
$10.29B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.63
Consensus $0.51
EPS surprise
+22.6%
Reported versus consensus
Reported revenue
$2.10B
Consensus $2.05B
Revenue surprise
+2.4%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-4.9%
Event window
SPY move
-1.2%
Same window
Abnormal move
-3.6%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
-4.0%
Up to 20 sessions
KNXSPY benchmark
Ask FN2 about KNX FY2026 Q2
Transcript, numbers and history already loaded
Why did KNX fall 4.9% after beating EPS estimates in FY2026 Q2?What changed in KNX's guidance and outlook in FY2026 Q2?Give me the bull and bear case for KNX after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the reported picture improved: Q2 adjusted EPS rose 80% year over year, truckload pricing accelerated to double-digit gains, and U.S. Express reached profitability. Management shifted to maintaining Q3 guidance while emphasizing hiring, rate reviews, technology, and financing-cost reduction.
Guidance delta
Management maintained Q3 adjusted EPS guidance of $0.71-$0.77 and projected mid-single-digit year-over-year revenue growth.
Key takeaways
- Q2 adjusted EPS rose 80% year over year, while operating income increased 44%.
- Truckload pricing accelerated in June, and the U.S. Express acquisition reached its first profitable quarter.
- Management linked tighter capacity to regulatory enforcement and highlighted benefits for the asset-based business.
- Driver shortages, higher compensation, fuel volatility, and brokerage insurance costs remain headwinds.
Management priorities
- Continue targeted hiring incentives and academy training.
- Use planning tools, AI, and analytics to reduce empty miles and improve recruiting and pay optimization.
- Conduct further rate reviews and mini-bids during Q3.
- Use convertible-bond proceeds to reduce financing costs and improve capital structure.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$63.2Current
$35Low
$70.53Average
$91High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 13, 2026 |
| Stifel | Buy | Buy | Maintain | Oct 8, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 7, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Oct 6, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 5, 2026 |
| Susquehanna | Positive | Positive | Maintain | Oct 2, 2026 |
| B of A Securities | Buy | Buy | Maintain | Sep 23, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 23, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 23, 2026 |
| Benchmark | Buy | Buy | Maintain | Jul 9, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 6, 2026 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Jul 2, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 25, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 23, 2026 |
| Baird | Outperform | Outperform | Maintain | Apr 23, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jan 22, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Oct 2, 2025 |
| TD Securities | Buy | Buy | Maintain | Apr 24, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jul 11, 2024 |
| Loop Capital | Hold | Buy | Downgrade | Apr 18, 2024 |
| Credit Suisse | Neutral | Outperform | Downgrade | May 17, 2023 |
| Keybanc | Overweight | Overweight | Maintain | Jan 27, 2023 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Sep 15, 2021 |
| Bank of America | Buy | Buy | Maintain | Dec 20, 2019 |
| Stifel Nicolaus | Hold | Buy | Downgrade | Jul 25, 2019 |
| Buckingham Research | Buy | Buy | Maintain | Oct 12, 2018 |
| Buckingham | Buy | Buy | Maintain | Oct 12, 2018 |
| Macquarie | Neutral | Outperform | Downgrade | Jul 28, 2016 |
| Avondale Partners | Market Underperform | Market Perform | Downgrade | Jun 23, 2016 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Apr 21, 2016 |
| Longbow Research | Neutral | Buy | Downgrade | Dec 4, 2015 |
| Wunderlich Securities | Hold | Hold | Maintain | Oct 7, 2014 |
| Wunderlich | Hold | Hold | Maintain | Oct 7, 2014 |
| BB&T Capital | Hold | Buy | Downgrade | Jul 3, 2013 |
| Sterne Agee | Neutral | Underperform | Upgrade | May 24, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $63.2. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $82 | $64.09 | +29.7% | Oct 13, 2026 |
| UBS | Analyst unavailable | $90 | $64.92 | +42.4% | Oct 9, 2026 |
| Stifel Nicolaus | Bruce Chan | $90 | $63.62 | +42.4% | Oct 8, 2026 |
| Wells Fargo | Analyst unavailable | $81 | $65.24 | +28.2% | Oct 6, 2026 |
| Susquehanna | Analyst unavailable | $85 | $66.18 | +34.5% | Oct 2, 2026 |
| Bernstein | Analyst unavailable | $91 | $68.79 | +44.0% | Sep 10, 2026 |
| Morgan Stanley | Analyst unavailable | $90 | $66.73 | +42.4% | Sep 2, 2026 |
| Evercore ISI | Analyst unavailable | $85 | $72.86 | +34.5% | Jul 23, 2026 |
| Stifel Nicolaus | Analyst unavailable | $88 | $76 | +39.2% | Jul 23, 2026 |
| Stifel Nicolaus | Analyst unavailable | $85 | $75.19 | +34.5% | Jul 13, 2026 |
| Morgan Stanley | Analyst unavailable | $100 | $76.12 | +58.2% | Jul 6, 2026 |
| Raymond James | Analyst unavailable | $91 | $77.37 | +44.0% | Jul 2, 2026 |
| Barclays | Analyst unavailable | $90 | $74.52 | +42.4% | Jun 25, 2026 |
| Goldman Sachs | Analyst unavailable | $86 | $75.4 | +36.1% | Jun 23, 2026 |
| Wells Fargo | Christian Wetherbee | $86 | $78.57 | +36.1% | Jun 5, 2026 |
| Susquehanna | Analyst unavailable | $90 | $77.93 | +42.4% | Jun 2, 2026 |
| UBS | Analyst unavailable | $94 | $76.32 | +48.7% | Jun 1, 2026 |
| Deutsche Bank | Analyst unavailable | $88 | $72.93 | +39.2% | May 27, 2026 |
| Evercore ISI | Analyst unavailable | $66 | $63.87 | +4.4% | May 11, 2026 |
| Stifel Nicolaus | Analyst unavailable | $70 | $66.47 | +10.8% | Apr 23, 2026 |
| Robert W. Baird | Analyst unavailable | $70 | $63.97 | +10.8% | Apr 23, 2026 |
| Raymond James | David Hicks | $70 | $64.4 | +10.8% | Apr 20, 2026 |
| Evercore ISI | Analyst unavailable | $65 | $55.51 | +2.8% | Mar 26, 2026 |
| Wells Fargo | Analyst unavailable | $64 | $52.01 | +1.3% | Mar 13, 2026 |
| Stephens | Analyst unavailable | $63 | $58.04 | -0.3% | Jan 22, 2026 |
| Stifel Nicolaus | Analyst unavailable | $61 | $57.02 | -3.5% | Jan 22, 2026 |
| Susquehanna | Analyst unavailable | $60 | $57.93 | -5.1% | Jan 22, 2026 |
| UBS | Analyst unavailable | $54 | $57.93 | -14.6% | Jan 22, 2026 |
| Barclays | Brandon Oglenski | $65 | $57.17 | +2.8% | Jan 15, 2026 |
| Stifel Nicolaus | Analyst unavailable | $63 | $57.02 | -0.3% | Jan 14, 2026 |
| Evercore ISI | Analyst unavailable | $61 | $56.75 | -3.5% | Jan 12, 2026 |
| Susquehanna | Bascome Majors | $58 | $56.22 | -8.2% | Jan 8, 2026 |
| Wells Fargo | Analyst unavailable | $60 | $54.05 | -5.1% | Jan 6, 2026 |
| Robert W. Baird | Analyst unavailable | $62 | $53.49 | -1.9% | Dec 16, 2025 |
| Stifel Nicolaus | Analyst unavailable | $59 | $53.19 | -6.6% | Dec 16, 2025 |
| Morgan Stanley | Ravi Shanker | $70 | $51.3 | +10.8% | Dec 8, 2025 |
| Stifel Nicolaus | Analyst unavailable | $52 | $47.39 | -17.7% | Oct 23, 2025 |
| Susquehanna | Analyst unavailable | $42 | $45.57 | -33.5% | Oct 23, 2025 |
| Raymond James | Analyst unavailable | $59 | $42.73 | -6.6% | Oct 14, 2025 |
| Morgan Stanley | Analyst unavailable | $67 | $41.41 | +6.0% | Oct 6, 2025 |
| Stifel Nicolaus | Analyst unavailable | $45 | $39.9 | -28.8% | Oct 3, 2025 |
| Barclays | Brandon Oglenski | $50 | $38.94 | -20.9% | Oct 2, 2025 |
| Deutsche Bank | Richa Harnain | $53 | $38.94 | -16.1% | Oct 1, 2025 |
| Evercore ISI | Analyst unavailable | $42 | $40.15 | -33.5% | Sep 30, 2025 |
| Susquehanna | Analyst unavailable | $52 | $44.3 | -17.7% | Jun 24, 2025 |
| Stifel Nicolaus | Bruce Chan | $42 | $38.88 | -33.5% | Apr 25, 2025 |
| UBS | Thomas Wadewitz | $46 | $39.03 | -27.2% | Apr 22, 2025 |
| Stifel Nicolaus | Bruce Chan | $49 | $40.54 | -22.5% | Apr 14, 2025 |
| Susquehanna | Bascome Majors | $54 | $44.37 | -14.6% | Mar 26, 2025 |
| National Bank | Analyst unavailable | $63 | $47.88 | -0.3% | Mar 4, 2025 |
| Citigroup | Ariel Rosa | $55 | $51.72 | -13.0% | Oct 8, 2024 |
| Evercore ISI | Jon Chappell | $53 | $48.89 | -16.1% | Jun 25, 2024 |
| Wells Fargo | Christian Wetherbee | $56 | $48.14 | -11.4% | Jun 7, 2024 |
| Stifel Nicolaus | Bruce Chan | $47 | $47.14 | -25.6% | Apr 26, 2024 |
| Robert W. Baird | Benjamin Hartford | $60 | $48.51 | -5.1% | Apr 25, 2024 |
| Evercore ISI | Jon Chappell | $55 | $48.51 | -13.0% | Apr 25, 2024 |
| Stifel Nicolaus | Bruce Chan | $53 | $48.53 | -16.1% | Apr 18, 2024 |
| Susquehanna | Bascome Majors | $50 | $48.53 | -20.9% | Apr 18, 2024 |
| Loop Capital Markets | Rick Paterson | $53 | $48.53 | -16.1% | Apr 17, 2024 |
| Deutsche Bank | Amit Mehrotra | $61 | $48.98 | -3.5% | Apr 17, 2024 |
| Barclays | Brandon Oglenski | $62 | $55.02 | -1.9% | Apr 1, 2024 |
| Morgan Stanley | Ravi Shanker | $75 | $50.61 | +18.7% | Oct 20, 2023 |
| Susquehanna | Bascome Majors | $51 | $56.32 | -19.3% | Jul 21, 2023 |
| Deutsche Bank | Analyst unavailable | $69 | $54.54 | +9.2% | Nov 29, 2022 |
| Susquehanna | Analyst unavailable | $65 | $50.22 | +2.8% | Jul 21, 2022 |
| Raymond James | Analyst unavailable | $55 | $50.22 | -13.0% | Jul 21, 2022 |
| Wells Fargo | Analyst unavailable | $58 | $47.85 | -8.2% | Jul 15, 2022 |
| Barclays | Analyst unavailable | $58 | $47.7 | -8.2% | Jul 13, 2022 |
| Stifel Nicolaus | Bert Subin | $67 | $49 | +6.0% | Jul 12, 2022 |
| Evercore ISI | Jonathan Chappell | $35 | $48.09 | -44.6% | Jul 12, 2022 |
| Raymond James | Analyst unavailable | $53 | $47.83 | -16.1% | Apr 25, 2022 |
| Raymond James | Analyst unavailable | $50 | $48.34 | -20.9% | Apr 20, 2022 |
| Raymond James | Felix Boeschen | $62 | $54.42 | -1.9% | Jan 27, 2022 |
| Evercore ISI | Jonathan Chappell | $63 | $54.42 | -0.3% | Jan 27, 2022 |
| Morgan Stanley | Ravi Shanker | $85 | $54.42 | +34.5% | Jan 27, 2022 |
| Goldman Sachs | Jordan Alliger | $60 | $54.03 | -5.1% | Jan 26, 2022 |
| Wells Fargo | Allison Poliniak-Cusic | $69 | $61.26 | +9.2% | Dec 13, 2021 |
| Stifel Nicolaus | Joseph DeNardi | $72 | $60.47 | +13.9% | Dec 7, 2021 |
| UBS | Thomas Wadewitz | $67 | $60.34 | +6.0% | Dec 7, 2021 |
| Citigroup | Christian Wetherbee | $64 | $60.34 | +1.3% | Dec 7, 2021 |
| KeyBanc | Todd Fowler | $70 | $58.17 | +10.8% | Nov 23, 2021 |
| Stephens | Jack Atkins | $67 | $56.52 | +6.0% | Oct 21, 2021 |
Track every rating change on KNX the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationKnight-Swift Transportation Holdings Inc. (KNX) stands as a prominent provider of transportation services, specializing in truckload freight solutions for clients throughout the United States, Mexico, and Canada. Its operational scope is segmented into four key areas: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Under its Trucking segment, the company manages a diverse portfolio of services, including irregular route, dedicated, temperature-controlled (refrigerated), flatbed, expedited, dry van, drayage, and cross-border transportation for a wide variety of goods and materials. Beyond its core trucking operations, Knight-Swift provides logistics and intermodal solutions, which include freight brokerage, intermodal services, comprehensive freight management, and various non-trucking offerings.…
Historical context
All KNX earningsIndustrials peers this season
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| PAC Grupo Aeroportuario del Pacífico, S.A.B. de C.V. | FY2026 Q3 · Calendar Q4 2026 | -2.2% | +7.1% | GAP: EBITDA Growth Offsets Traffic Pressure in Q3 |
| RTX RTX Corporation | FY2026 Q3 · Calendar Q4 2026 | +27.0% | +0.6% | RTX Q3: Growth, backlog and raised guidance reinforce execution |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
- CCIFY2026 Q3 · October 21, 2026-2.5% EPS-3.1% move
- PACFY2026 Q3 · October 20, 2026-2.2% EPS+7.1% move
- AGNCZFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCLFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
- AGNCOFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCPFY2026 Q3 · October 19, 2026-0.6% EPS0.0% move
Get the KNX recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-07-23T02:04:05.458064+00:00
- FN2 earnings calendar · 2026-08-27T01:23:13.912278+00:00
- Polygon adjusted daily market bars · 2026-10-22T02:30:41.259163+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-22T02:30:41.256336+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-22. For educational purposes only; not investment advice.