Ryder System Q1 EPS Beats and Record Supply Chain Sales, Raises 2026 Guidance
Ryder System posted Q1 revenue of $3.13 billion, a slight year-over-year decline, with GAAP EPS of $2.34 and non-GAAP EPS of $2.54 outperforming projections. Supply Chain Solutions delivered record first-quarter sales, and the company raised its 2026 EPS guidance to $14.05–$14.80 while forecasting $70 million in incremental benefits.
1. Q1 Financial Results
Ryder System reported Q1 revenue of $3.13 billion, down slightly year-over-year, with GAAP EPS of $2.34 and adjusted EPS of $2.54, both surpassing consensus estimates. Performance benefited from stronger used vehicle sales, with retail tractor pricing stabilizing sequentially for the first time since late 2022.
2. Record Supply Chain Solutions Sales and Operational Initiatives
Supply Chain Solutions achieved record first-quarter sales driven by new omnichannel retail contracts and expanded services with existing clients. The company is integrating generative AI into its RyderShare and RyderGyde platforms to enhance customer service and roadside assistance effectiveness.
3. 2026 Outlook and Strategic Benefits
The company raised full-year 2026 EPS guidance to $14.05–$14.80 and expects $70 million of incremental benefits this year from a $170 million strategic initiative on lease pricing and maintenance savings. It forecasts $2.4 billion in capital expenditures, an 11% reduction in average rental fleet size, and anticipates $10 million of upturn benefits tied to higher used vehicle sales.