FedEx Fiscal Q2 Outperformance Driven by Higher Priority Yields, Cost Cuts, Oppenheimer Says
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FedEx's fiscal Q2 outperformance was driven by higher US domestic and International Priority yields, cost cuts, and increased US domestic volumes, despite challenges like trade policy changes and higher wages. The Express segment grew, while Freight revenue declined. Oppenheimer noted that despite better-than-expected earnings, fiscal 2026 EPS guidance only increased slightly due to H2 headwinds. FedEx expects MD-11 grounding costs to be $175 million. Oppenheimer adjusted its fiscal 2026 estimates and rated FedEx as perform.
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