Stem, Inc. Earnings Recaps
Q3 2026
Oct 24, 2026
Ryder shares rose 10.5% after earnings. The quarter’s 21% comparable EPS growth and better-than-expected used-vehicle pricing and retail volumes were supported by improving rental performance and strengthening freight conditions.
Key takeaways
- Comparable EPS increased 21% year over year, marking Ryder’s eighth consecutive quarter of comparable EPS growth; return on equity was 18%.
- Used-vehicle sales improved, with pricing and retail volumes better than expected, according to management.
- Commercial rental utilization was 77%, up 700 basis points year over year; demand remained below prior year but improved sequentially.
- Contractual sales were strong across all three segments, with activity accelerating in leased and dedicated; lease miles per unit rose both year over year and sequentially.
- Ryder expects more than $70 million in strategic-initiative benefits in 2026 and says cumulative benefits from the program will exceed $170 million by year-end.
Q2 2026
Jul 25, 2026
Ryder’s shares declined 3.1% following the earnings release as investors appeared disappointed by a cautious outlook and ongoing market headwinds despite sequential improvements in used vehicle sales and contractual revenue growth.
Key takeaways
- Comparable EPS grew 12% year-over-year to $3.73, marking the seventh consecutive quarter of growth.
- Total operating revenue was $2.7 billion, up 3% driven primarily by supply chain contractual revenue growth.
- Return on equity remained steady at 17%, consistent with management’s expectations given the current freight cycle stage.
- Used vehicle sales improved year-over-year with sequentially higher retail pricing, yet market conditions remain below normalized levels.
- Despite positive momentum, management noted that geopolitical and macroeconomic uncertainties continue to temper the pace and durability of recovery, signaling a cautious outlook.