Stem, Inc. Q2 2026 Earnings Recap

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.