Forward Air Q2 FY26 adjusted operating income more than doubles to $42.69 million; revenue rises 8.8% to $673.04 million
FWRD•Quarterly revenue and operating performance
Forward Air posted Q2 2026 revenue of $673.04 million, up 8.8% year over year, marking its highest quarterly operating revenue on record.
Operating results swung to a loss of $201.31 million from profit a year earlier, reflecting a $244.01 million non-cash goodwill impairment in Omni Logistics.
Profitability, liquidity and management commentary
GAAP loss from continuing operations widened to $243.86 million, or $6.33 per diluted share.
Non-GAAP consolidated EBITDA rose 17.6% to $92.99 million, while non-GAAP adjusted operating income more than doubled to $42.69 million.
Liquidity totaled $401 million, including $139.45 million in cash; management cited improving freight conditions and momentum from transformation efforts.
