Hertz Global

Q2 FY2026 EarningsQ2 FY2026 results significantly beat consensus across top and bottom lines. Revenue reached $2.4B, up 10% YoY, vs. $2.28B expected, driven by record-high RPD (Revenue per Day) and strong pricing power. Despite a normalized net loss, the GAAP net income of $64M ($0.05 per share) and Adjusted Corporate EBITDA of $81M vastly outperformed market expectations of a heavy net loss. Management's strategy shift toward higher-margin commercial segments and a younger fleet (94% new models) is yielding tangible margin improvements.