Schneider National (SNDR) Q3 2026 Earnings
Adjusted EPS excludes $1.7 million of intangible asset amortization (pre-tax), with a $(0.4) million income tax effect; GAAP diluted EPS was $0.28.
How Did SNDR Stock React to Q3 2026 Earnings?
Did SNDR Beat Earnings? Q3 2026 Results
No. Schneider National reported Q3 2026 earnings of $0.29 a share on Oct 29, 2026, missing the $0.30 consensus estimate by 2.4%. Revenue was $1.6B against a $1.6B estimate.
Schneider National delivered a mixed third quarter for fiscal 2026, narrowly missing the bottom-line consensus while edging ahead on revenue as a powerful recovery in its Truckload segment powered sharply higher operating income. The carrier posted adjusted diluted EPS of $0.29, falling short of the $0.30 analyst consensus by 2.36%, while revenue of $1.59 billion came in just ahead of the $1.58 billion estimate, rising 9.2% year over year. The headline driver was Truckload, where segment income from operations more than doubled to $43.70 million and the operating ratio improved 380 basis points to 93.0%, fueled by better Network pricing, productivity gains and cost synergies from the Cowan Systems acquisition. Logistics was the notable drag, with segment operating income falling to zero from $6.40 million a year earlier on higher purchased transportation and insurance costs. At the enterprise level, adjusted income from operations grew 66% to $63.80 million. Looking ahead, management raised its full-year 2026 adjusted diluted EPS guidance to $1.00 to $1.10, citing continued contract rate recovery and further productivity benefits, while flagging peak season demand and driver capacity as key variables.
- Truckload income from operations rose 121% to $43.7 million on improved Network price and productivity, acquisition-related cost synergies, higher gains on equipment sales and better utilization
- Network returned to profitability; Network revenue per truck per week rose to $4,605 from $3,792
- Total Truckload revenue per truck per week of $4,252, up $329 or 8%
- Truckload operating ratio improved 380 bps to 93.0%
- Intermodal income from operations up 35% to $22.6 million on freight mix and a 3% increase in revenue per order
- Intermodal operating ratio improved 190 bps to 92.1%
- Logistics revenue up 12% on higher revenue per order, but income from operations fell $6.4 million due to higher purchased transportation and insurance expense related to a specific prior-year claim
- Adjusted income from operations up 66% to $63.8 million; adjusted operating ratio improved 170 bps to 95.3%
- Net capital expenditures declined to $80.4 million from $108.1 million due to higher equipment sale proceeds
“Our third-quarter performance demonstrates how our strategy has positioned the enterprise to convert improving market conditions into stronger earnings and margins. Disciplined revenue management, productivity gains, and cost reductions are improving our operating leverage, while our diversified multimodal platform gives us the agility to respond as customer needs and freight flows evolve.”
Schneider National CEO, on the earnings call
What Is Schneider National's Outlook?
Schneider raised its full-year 2026 adjusted diluted EPS guidance to $1.00–$1.10 and expects net capital expenditures of $325–$350 million. The outlook assumes continued contract rate recovery and further benefits from productivity and cost initiatives. Management noted that peak season demand and driver capacity remain important variables as the year closes. Guidance assumes a full-year effective tax rate of approximately 22%.
SNDR YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.6B | $1.5B | +9.1% |
| Operating Income | $62.1M | $35.3M | +75.9% |
| Net Income | $49.5M | $19.4M | +155.2% |
SNDR Revenue by Segment
When Does Schneider National Report Next?
Figures from SEC filings and company reports. Not investment advice.