GXO Logistics Q2 adjusted EBITDA beats analyst estimates
GXO•Outlook
- GXO sees full-year 2026 organic revenue growth of 4% to 5%
- Company expects 2026 adjusted EBITDA of $945 mln to $965 mln
- GXO expects 2026 adjusted diluted EPS of $2.95 to $3.15
Overview
- US contract logistics provider's Q2 revenue rose 4.3% yr/yr to $3.4 bln
- Q2 adjusted EBITDA beat analyst expectations
- Company secured $410 mln in new business wins, up 34% yr/yr
Result drivers and analyst coverage
- New business wins - Co said $410 mln in new business wins, up 34% yr/yr, with about 40% in strategic growth verticals such as aerospace & defense, technology, industrial and life sciences
- Commercial momentum in North America - Co said new business wins in North America rose 85% in first half vs prior year
- AI and automation deployment - Co said GXO IQ platform moved from launch to scaled deployment, enabling greater use of AI across network
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy".
