Companies /Industrials

Matson Inc

NYSE: MATX Marine Shipping
$230.18
▲ $2.19 (+0.96%) today
Markets closed · 9:26am ET

Q2 2026 Earnings

Reported Aug 3, 2026, 4:10pm ET · SEC source
$4.27
Beat +11.78%
EPS · est. $3.82
$969.4M
Beat +8.43%
Revenue · est. $894.0M
+3.9%
Beating market
MATX vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%+4%+6%Aug 3Aug 4report 4:10pm ETearnings+1.9%+2.9%
0+2%+4%+6%Aug 3Aug 4earnings+1.9%+2.9%
MATX +2.9%S&P 500 +1.9%
0+2%+4%+6%Aug 3Aug 4report 4:10pm ETearnings+3.5%+2.9%
0+2%+4%+6%Aug 3Aug 4earnings+3.5%+2.9%
MATX +2.9%NASDAQ +3.5%
−2%0+2%+4%Aug 3Aug 11report 4:10pm ETearnings+1.7%−1.5%
−2%0+2%+4%Aug 3Aug 11earnings+1.7%−1.5%
MATX −1.5%S&P 500 +1.7%
−2%0+2%+4%Aug 3Aug 11report 4:10pm ETearnings+2.6%−1.5%
−2%0+2%+4%Aug 3Aug 11earnings+2.6%−1.5%
MATX −1.5%NASDAQ +2.6%
+2.89%
Day of report
−3.72%
Next session
−4.23%
One week
+4.14%
30 days

S&P 500 over the same 30 days: +0.24%.

Did MATX Beat Earnings? Q2 2026 Results

Matson, Inc. delivered a standout second quarter for fiscal 2026, posting earnings per share of $4.27 against a consensus estimate of $3.82, a beat of 11.78% that extends the company's streak of topping EPS expectations to four consecutive quarters. Revenue climbed 16.7% year-over-year to $969.40 million, well ahead of the $894.00 million analysts had anticipated, as surging China service container volumes drove Ocean Transportation operating income up 46.0% to $144.00 million, with segment margins expanding to 18.8% from 14.6% a year ago. The primary catalyst was a sharp rebound in Transpacific demand, particularly across e-commerce and garments, against a prior-year period that had been suppressed by tariff disruptions, while tighter supply conditions across the CLX and MAX services pushed freight rates higher than expected. Logistics revenue also grew 30.4% to $202.00 million, adding further breadth to the quarter. Looking ahead, Matson raised its full-year 2026 outlook, now targeting consolidated operating income above the $499.80 million achieved in 2025, with Q3 2026 operating income expected approximately 45% above the year-ago quarter's $161.00 million.

Key Takeaways
  • Higher-than-expected freight rates and demand in China service across e-commerce, garments and e-goods
  • Tighter supply conditions in the Transpacific tradelane
  • China service container volume increased 15.2% YoY due to significantly higher demand vs tariff-impacted Q2 2025
  • Higher contributions from freight forwarding and transportation brokerage in Logistics
  • Momentum carrying over from post-Lunar New Year period

“Matson had a strong second quarter with momentum in our China service carrying over from the post-Lunar New Year period. Our CLX and MAX services saw higher-than-expected freight rates and demand across e-commerce, garments and e-goods against a backdrop of tighter supply conditions in the Transpacific tradelane.”

Matson CEO, on the earnings call

Forward Guidance & Outlook

Matson raised its full year 2026 outlook. For Q3 2026, consolidated operating income is expected to be approximately 45% higher than Q3 2025's $161.0 million. For Q4 2026, Ocean Transportation operating income is expected to be modestly lower than Q4 2025's $136.0 million, reflecting a more traditional seasonality pattern. For full year 2026, consolidated operating income is expected to exceed the $499.8 million achieved in 2025, supported by continued solid U.S. consumer demand and a stable Transpacific trading environment. Logistics operating income is expected to be higher than the $44.2 million achieved in 2025. The company expects China service to be at or near capacity through peak season. Full year depreciation and amortization expected at approximately $205 million, interest income at approximately $18 million, interest expense net at approximately $6 million, and an effective tax rate of approximately 21.0%. Capital expenditures expected at $550-$570 million including approximately $400 million in vessel construction.

MATX YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$300.0M$600.0M$900.0M$830.5M$969.4MRevenue$105.7M$158.9MOperating Income$94.7M$129.4MNet Income
$0$300.0M$600.0M$900.0MRevenueOperating IncomeNet Income

MATX Revenue by Segment

Ocean Transportation$767.4M+13.6%
Logistics$202.0M+30.4%
Matson Logistics

Figures from SEC filings and company reports. Not investment advice.