Knight-Swift Transportation Holdings Inc. — Form 8-K
Filed July 22, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Knight-Swift reported Q2 2026 Adjusted EPS of $0.63 vs. $0.35 YoY (+80%), driven by 12.6% revenue growth to $2.1B and 45.5% Adjusted Operating Income growth to $151M. Truckload segment revenue (ex-fuel) grew 2.8% with Adjusted OR improving 360 bps to 91.0%; LTL revenue fell 1.4% but OR improved 100 bps to 92.1%; Logistics revenue grew 8.9% but margins compressed 160 bps due to carrier capacity constraints; Intermodal surged 34.9% with OR improving 470 bps to 99.4%. Company issued $1.5B convertible senior notes (5.5-yr, 1.0% coupon) and repaid floating-rate debt, reducing interest expense ~$17.6M YoY. Q3 2026 Adjusted EPS guidance: $0.71–$0.77.
Why this rating
Strong operational leverage in tight freight market; convertible improves capital structure. Growth rates and margin expansion material relative to $7.1B market cap, but offset by logistics margin compression and U.S. Xpress integration headwinds.
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