Matson (MATX) Q2 2026 Earnings
How Did MATX Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +0.24%.
Did MATX Beat Earnings? Q2 2026 Results
Yes. Matson reported Q2 2026 earnings of $4.27 a share on Aug 3, 2026, beating the $3.82 consensus estimate by 11.8%. Revenue was $969.4M against a $894.0M estimate.
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.
- 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
What Is Matson's 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
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $969.4M | $830.5M | +16.7% |
| Operating Income | $158.9M | $105.7M | +50.3% |
| Net Income | $129.4M | $94.7M | +36.6% |
MATX Revenue by Segment
When Does Matson Report Next?
Figures from SEC filings and company reports. Not investment advice.