United Parcel Service, Inc. · UPS · Next earnings

United Parcel Service, Inc. reports Tuesday, Oct 27, 2026

UPS reports before market open with consensus EPS at $1.63 and revenue at $22.11B. Last quarter: UPS Q1 2026: Revenue and Margin Beat as Amazon Glide-Down Stays on Track

Reports Before market open37 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $1.63 Calendar consensus
Consensus revenue $22.11B Calendar consensus
Report date Oct 27, 2026 Tuesday, date estimated
Session Before market open 37 days away

Where UPS left off: FY2026 Q1

Full report

UPS Q1 2026: Revenue and Margin Beat as Amazon Glide-Down Stays on Track

EPS surprise +4.9% Reported $1.07 vs $1.02
Revenue surprise +1.0% Reported $21.20B vs $20.99B
Stock move -4.0% Event window
Subsequent drift +0.5% Up to 20 sessions

Guidance was maintained (reaffirmed). UPS reiterated its full-year 2026 outlook of $89.7B revenue and a 9.6% operating margin, unchanged from the prior quarter. Capex outlook shifted from decreasing in Q4 2025 to stable in Q1 2026. No upward or downward revision was announced.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Rising fuel costs driven by Middle East conflict could pressure margins.
  • Higher casualty and weather-related expenses impacted Q1 results.
  • Low U.S. consumer confidence may dampen package demand.
  • Trade policy changes and de-minimis tariff elimination in Europe could affect international margins.
  • Transitional costs from network reconfiguration and MD-11 retirement may weigh on near-term results.

Questions analysts left open

  • Visibility of Q2 margin after Q1 transitional costs
  • Impact and duration of fuel surcharge adjustments on margins
  • Timing and magnitude of driver buyout cost benefits
  • Extent of remaining Amazon volume exposure
  • Effect of de-minimis tariff changes on international margins

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Recent UPS quarters

All UPS earnings
-4.0%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.