--- title: "Landstar | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.432 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294109505.md" datetime: "2026-07-28T20:25:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294109505.md) - [en](https://longbridge.com/en/news/294109505.md) - [zh-HK](https://longbridge.com/zh-HK/news/294109505.md) --- # Landstar | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.432 B Revenue: As of FY2026 Q2, the actual value is USD 1.432 B, beating the estimate of USD 1.336 B. EPS: As of FY2026 Q2, the actual value is USD 1.44, missing the estimate of USD 1.4862. EBIT: As of FY2026 Q2, the actual value is USD 66.23 M. ### Overall Performance (Thirteen Weeks Ended June 27, 2026 vs. June 28, 2025) Total revenue for Landstar System, Inc. was $1,432,264 thousand, an 18.2% increase compared to $1,211,383 thousand in the prior year period . Net income was $48,951 thousand, an increase from $41,893 thousand in the prior year . #### Segment Revenue - **Total Truck Transportation Revenue**: $1,333,878 thousand, a 19% increase from $1,118,138 thousand . Truck revenue increased by 19.3% in Q2 2026, driven by a 17.0% rate increase and 1.9% volume increase . - **Truckload Revenue (Van Equipment)**: $717,513 thousand, up from $591,276 thousand . This represented 50% of revenue in Q2 2026 . - **Truckload Revenue (Unsided/Platform Equipment)**: $492,168 thousand, up from $400,862 thousand . This represented 34% of revenue in Q2 2026 . - **Other Truck Transportation Revenue**: $99,073 thousand, a decrease from $100,687 thousand . This represented 7% of revenue in Q2 2026 . - **Less-Than-Truckload (LTL) Revenue**: $25,124 thousand, slightly down from $25,313 thousand . This represented 2% of revenue in Q2 2026 . - **Rail Intermodal Revenue**: $27,761 thousand , increasing by 26.0% in Q2 2026 due to a 15.7% rate increase and 9.0% volume increase . This represented 2% of revenue in Q2 2026 . - **Ocean and Air Cargo Carriers Revenue**: $49,744 thousand , decreasing by -2.1% in Q2 2026 due to a -3.8% volume change despite a 1.8% rate increase . This represented 3% of revenue in Q2 2026 . - **Other Revenue**: $20,881 thousand, primarily from the insurance segment and intra-Mexico transportation services . Insurance premiums decreased by -1.3% in Q2 2026 . #### Operational Metrics - **Gross Profit**: $132,337 thousand, up 21.1% from $109,261 thousand . The gross profit margin was 9.2% . For YTD 2026, gross profit was $244,879 million, compared to $207,566 million in YTD 2025, with a gross profit margin of 9.4% . - **Variable Contribution**: $199,429 thousand, up 17.0% from $170,450 thousand . The variable contribution margin was 13.9% in Q2 2026, compared to 14.1% in Q2 2025 . For YTD 2026, variable contribution was $371,580 million, compared to $331,760 million in YTD 2025, with a variable contribution margin of 14.3% . - **Operating Income**: $66,228 thousand, a 17.7% increase from $56,280 thousand . Operating income as a percentage of variable contribution was 33.2% in Q2 2026, compared to 33.0% in Q2 2025 . For YTD 2026, operating income as a percentage of variable contribution was 32.2%, compared to 28.8% in YTD 2025 . #### Operating Costs (Thirteen Weeks Ended June 27, 2026 vs. June 28, 2025) - **Purchased Transportation**: $1,123,400 thousand, compared to $941,411 million in Q2 2025 . - **Commissions to Agents**: $109,435 thousand, compared to $99,522 million in Q2 2025 . - **Other Operating Costs (net of gains on asset sales/dispositions)**: $17,945 thousand, compared to $19,595 million in Q2 2025 . - **Insurance and Claims Expenses**: $39,359 thousand . Insurance-related costs were $39,716 million, compared to $30,793 million in Q2 2025 . - **Selling, General and Administrative Expenses**: $68,193 thousand . - **Depreciation and Amortization**: $10,409 thousand . Trailing equipment depreciation was $6,351 million, compared to $6,867 million in Q2 2025 . - **Information Technology Costs**: $3,080 million, compared to $3,934 million in Q2 2025 . - **Total Costs and Expenses**: $1,368,741 thousand . Total costs of revenue were $1,299,927 million, compared to $1,102,122 million in Q2 2025 . #### Cash Flow (Thirteen Weeks Ended June 27, 2026 vs. June 28, 2025) - **Cash flow from operations**: $27.8 million, down from $62.8 million in Q2 2025 . - **Capital Expenditures**: $8.7 million, up from $4.4 million in Q2 2025 . - **Free Cash Flow**: $19.1 million, down from $58.4 million in Q2 2025 . - **Share Repurchases**: $24.1 million, down from $102.3 million in Q2 2025 . Landstar System, Inc. purchased 150,923 shares for $22.6 million during the first half of 2026 . - **Dividends Paid**: $95.3 million, down from $97.2 million in Q2 2025 . #### Unique Metrics - **BCO Truck Additions**: Net 68 BCO truck additions during the second quarter of 2026 . - **Truck Revenue per Load**: Increased approximately 17% in Q2 2026 compared to Q2 2025, reaching $2,614 . Van equipment revenue per load was $2,410, up from $2,081, and unsided/platform equipment revenue per load was $3,725, up from $3,108 . - **Number of Loads Hauled**: Increased approximately 2% compared to Q2 2025, totaling 510,250 loads . - **Cash and Investments**: Cash and short-term investments were approximately $348 million as of June 27, 2026 . Net cash, including cash and cash equivalents and short-term investments less outstanding debt, was $294.4 million as of June 27, 2026 . - **Return on Equity (Trailing 12 months)**: 16% as of June 27, 2026, compared to 17% as of June 28, 2025 . - **Return on Invested Capital (Trailing 12 months)**: 14% as of June 27, 2026, compared to 16% as of June 28, 2025 . - **Total Available Truck Capacity Providers**: 72,326 as of June 27, 2026 . This includes 7,719 BCO Independent Contractors and 37,656 approved and active Truck Brokerage Carriers . #### Outlook / Guidance For July, Landstar System, Inc. observed truck loads approximately 5% above July 2025, which is slightly above typical historical trends . Truck revenue per load in July was approximately 26% above July 2025, also exceeding typical historical trends for the period . 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