UPS stock slips 1.45% from latest report as holiday test looms

UPS stock traded at 98.02 euros on Lang & Schwarz at 16:42 CET on Tuesday, November 10, 2026, 0.97 percent below the Xetra close of Monday, November 9. The quote was 1.45 percent below the 99.46 euros recorded in the latest relevant report published earlier the same day.

UPS raised its full-year 2026 outlook on October 27 after third-quarter revenue increased 6.7 percent to 22.9 billion US dollars. The company now expects revenue of approximately 92.6 billion US dollars, adjusted operating profit of approximately 8.75 billion US dollars, adjusted diluted earnings per share of approximately 7.28 US dollars and adjusted free cash flow of approximately 6.1 billion US dollars, according to the UPS third-quarter earnings release.

Pricing supports a stronger outlook

Revenue grew across all three operating segments. U.S. Domestic revenue increased 4.5 percent as revenue per piece rose 6.1 percent, while International revenue gained 7.1 percent with a 15.0 percent increase in revenue per piece. Supply Chain Solutions revenue climbed 18.2 percent, mainly through forwarding and healthcare logistics.

The reported figures also show why adjusted measures remain important. Third-quarter GAAP operating profit was 1.7 billion US dollars, compared with 2.1 billion US dollars on an adjusted basis. GAAP diluted earnings per share were 1.37 US dollars against adjusted diluted earnings of 1.69 US dollars. GAAP results included a 279 million US dollar after-tax net charge tied mainly to transformation costs and a Supply Chain Solutions goodwill impairment, partly offset by a gain on the sale of aircraft assets.

Holiday execution remains the test

UPS expects fourth-quarter revenue of approximately 25.7 billion US dollars and adjusted operating profit of approximately 3.3 billion US dollars. Management is relying on premium shipments, automation and network efficiency as lower-margin volume declines.

Network Reconfiguration and Efficiency Reimagined generated approximately 1.8 billion US dollars of benefits during the first nine months, with nearly 3 billion US dollars expected for the full year. The efficiency program is scheduled to continue through the fourth quarter of 2027, leaving execution and shipment mix as central investor focus points.

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