EarningsQ2 2026 Earnings Report
CH:LDS Q2 2026 EPS Results
Actual EPSCHF1.20
Consensus EPSCHF1.24
Beat/MissMissed by -CHF0.04
One Year Ago EPSCHF1.00
CH:LDS Q2 2026 Revenue Results
Actual RevenueCHF1.19B
Expected RevenueCHF1.12B
Beat/MissBeat by +CHF76.79M
YoY Revenue Growth+18.23%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
CH:LDS Upcoming Earnings
Landstar System's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CH:LDS Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive operational and financial momentum: strong top-line growth (revenue +18%), marked improvement in truck revenue per load (+17% YoY and +14.4% sequentially), robust heavy-haul performance (+18% YoY), improving BCO counts and utilization, and continued shareholder returns. Offsetting these positives were meaningful insurance and claims headwinds (including $10.5M of unfavorable prior-year development), brokerage margin compression, higher SG&A (notably incentive compensation), and short-term negative free cash flow driven by rapid growth and working capital. Management emphasized defensive actions on carrier vetting, successful insurance renewals, and strategic opportunities (agent recruitment, technology/AI investments) that may mitigate some risks. On balance, the favorable revenue/pricing and network trends materially outweigh the near-term cost and legal uncertainties.Company Guidance
Revenue Growth
Total revenue increased 18% year-over-year in 2026 Q2, driven by pricing and loadings improvements across equipment types.
Truck Revenue per Load Surge
Overall truck revenue per load rose 17% year-over-year and 14.4% sequentially (largest sequential increase in ~15 years). Unsided/platform revenue per load +19.9% YoY; van revenue per load +15.8% YoY.
Strong Heavy Haul Performance
Heavy haul revenue ~ $164 million in Q2, up 18% YoY, driven by a 9% increase in heavy haul volume and an 8% increase in revenue per heavy haul load.
Gross Profit and Variable Contribution Improvement
Gross profit increased to $132.3 million from $109.3 million YoY; variable contribution rose to $199.4 million from $170.5 million YoY.
BCO Network & Utilization Momentum
Net BCO truck additions were +68 in Q2 (strongest quarterly improvement since Q1 2022); trailing 12-month BCO turnover improved from 31.4% to 28.3%. BCO utilization was up 12% YoY and 8% sequentially; annualized BCO loadings ~101.9 (about 5 loads above prior all-time high).
Safety Outperformance
Accident frequency rate of 0.62 DOT-reportable accidents per million miles in 1H 2026, below the 2021 national average and improved from 0.67 in 1H 2025.
Capital Allocation and Shareholder Returns
Returned approximately $120 million to shareholders in the first half (about $95M dividends and $24M repurchases). Board declared quarterly dividend of $0.44 (10% increase over prior quarterly dividend).
Balance Sheet and Liquidity
Cash and short-term investments totaled $348 million at quarter end; H1 operating cash flow $28 million and capex $9 million, with continued share repurchases under existing authority.
CH:LDS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed