On Thursday, XPO, Inc. (NYSE:XPO) reported first-quarter 2026 results that topped expectations, driven by revenue growth and improved profitability.
Details
Revenue rose 7.3% year over year to $2.096 billion, beating analyst estimates of $2.038 billion. Adjusted net income increased to $121 million from $87 million a year earlier, while adjusted earnings of $1.01 per share exceeded the consensus estimate of 88 cents.
Operating income climbed to $174 million from $151 million in the prior-year period, and adjusted EBITDA rose to $319 million from $278 million.
The company generated $183 million in operating cash flow and ended the quarter with $237 million in cash and cash equivalents. XPO also repurchased $30 million of shares during the quarter.
Other Key Metrics
Operationally, shipments per day increased 3% year over year, supported by strength in local accounts and premium freight, though a 2.8% decline in weight per shipment kept tonnage per day …