Knight-Swift Transportation Holdings Inc. (KNX) Form 10-Q — Oct 28, 2026
Knight-Swift reported a dramatic earnings rebound for Q3 2026, with net income attributable to the company of $118.3 million ($0.72 diluted EPS) versus just $7.9 million ($0.05) in Q3 2025, on total revenue of $2.20 billion, up about 14% year-over-year. The surge was driven by the Truckload segment, where operating income jumped 243% to $123.1 million on a 9.7% improvement in revenue per loaded mile — the strongest organic Truckload growth in over four years — plus LTL and Intermodal improvements and a $22.8 million drop in interest expense after the May 2026 issuance of $1.5 billion of 1.00% convertible notes due 2031.
Key figures
- Eps
- 0.72
- Revenue
- 2200926000
- Guidance
- Q4 2026: Truckload revenue ex-fuel up low double-digit percent with Adjusted OR improving 650-750 bps YoY; LTL revenue ex-fuel up high single to low double-digit percent with Adjusted OR improving 100-200 bps; Logistics revenue flat with Adjusted OR improving 300-400 bps; Intermodal revenue up 25-30% with Adjusted OR improving 150-250 bps; full-year 2026 net capex $600-625 million; Q4 adjusted effective tax rate ~24.7-25.7%.
- Net Income
- 118266000
- Revenue Yoy
- 14.2% (Q3 2026 total revenue vs $1,927.1M Q3 2025)
- Total Assets
- 12141569000
- Cash Position
- 254156000
- Shares Outstanding
- 162777000
- Ytd diluted eps
- 0.98
- Adjusted qtd eps
- 0.83
- Conversion price
- $80.11 per share
- Free cash flow ytd
- 373200000
- Qtd operating ratio
- 91.9%
- Qtd operating income
- 178705000
- Operating cash flow ytd
- 799881000
- Share repurchase remaining
- 200000000
- Convertible notes principal
- $1.5 billion 1.00% Convertible Senior Notes due Nov 15, 2031
- Ytd net income attributable
- 160138000
- Adjusted qtd operating ratio
- 89.3%
- Dividends declared per share qtd
- 0.2
AI analysis
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