Jun 2026 (Q2 FY26) — Jul 30, 2026
Schneider National Q2 FY26 — Earnings More Than Doubled Sequentially on Supply-Led Market Improvement
Read the full callSchneider National (SNDR) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Schneider National earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,569 | +10.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 4.5 | +0.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 49.7 | +38.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
2 of 5 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted diluted EPS guidance | $0.70 to $1 | Dec 2025 | We're raising our 2026 earnings per share guidance to $0.90 to $1.10 from our previous range of $0.70 to $1. | Revised Up |
| Enterprise structural cost savings target (annual) | an additional $40 million | Dec 2025 | execution against our $40 million cost savings target, where we remain on track | On Track |
3 of Schneider National, Inc.'s 14 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 12 more targets are in the full ledger.
Claimed
- Earnings more than doubled sequentially, representing the strongest quarter-over-quarter improvement in the last decade.
- Enterprise adjusted income from operations increased 29% year-over-year to $73 million.
- Adjusted diluted EPS grew to $0.29, up from $0.21 in Q2 2025.
- Truckload operating income increased 28% year-over-year to $51 million, with an operating ratio of 91.8% (180 bps improvement).
- Logistics revenue grew 11% year-over-year to $376 million, with operating income up $4 million year-over-year to $12 million.
Qualified
- Intermodal revenues, excluding fuel surcharge, declined 1% year-over-year to $262 million due to mix changes and lower length of haul.
- Free cash flow declined $35 million year-over-year in the quarter due to increased net CapEx.
- Anticipating a loss of a large Dedicated customer, which will be more evident in the second half of the year.
- Tractor count in Truckload was impacted by driver availability, leading to lower truck count.
Price
$31.54 +1.06% · +$0.33
Performance +40.2% 1Y
1Y: $22.49 on 14 Oct 2025 → $31.54. High $38.76 (8 Jun 2026), low $20.25 (30 Oct 2025).
- Previous close
- $31.21
- 52-week range
- $20.25 – $38.76
- One year
- +39.07%
Overview
- Symbol
- SNDR
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
2 of 5 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted diluted EPS guidance | $0.70 to $1 | Dec 2025 | We're raising our 2026 earnings per share guidance to $0.90 to $1.10 from our previous range of $0.70 to $1. | Revised Up |
| Enterprise structural cost savings target (annual) | an additional $40 million | Dec 2025 | execution against our $40 million cost savings target, where we remain on track | On Track |
Claimed
- Earnings more than doubled sequentially, representing the strongest quarter-over-quarter improvement in the last decade.
- Enterprise adjusted income from operations increased 29% year-over-year to $73 million.
- Adjusted diluted EPS grew to $0.29, up from $0.21 in Q2 2025.
- Truckload operating income increased 28% year-over-year to $51 million, with an operating ratio of 91.8% (180 bps improvement).
- Logistics revenue grew 11% year-over-year to $376 million, with operating income up $4 million year-over-year to $12 million.
Qualified
- Intermodal revenues, excluding fuel surcharge, declined 1% year-over-year to $262 million due to mix changes and lower length of haul.
- Free cash flow declined $35 million year-over-year in the quarter due to increased net CapEx.
- Anticipating a loss of a large Dedicated customer, which will be more evident in the second half of the year.
- Tractor count in Truckload was impacted by driver availability, leading to lower truck count.
The full ledger
Open Schneider National, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 14 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Schneider National Q1 FY26 — Capacity Rationalization Drives Market Recovery
Read the full callEvery analysed call
Schneider National earnings calls (SNDR)
Financials
What the filings say
Net profit, year on year: +38% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,316 | 1,339 | 1,402 | 1,421 | 1,452 | 1,400 | 1,399 | 1,569 |
| Expenses | 1,273 | 1,297 | 1,360 | 1,366 | 1,417 | 1,363 | 1,365 | 1,497 |
| Operating profit | 43 | 42 | 42 | 55 | 35 | 37 | 33 | 71 |
| Operating margin | 3.3% | 3.2% | 3.0% | 3.9% | 2.4% | 2.6% | 2.4% | 4.5% |
| Other income | -4 | -1 | -7 | -8 | -9 | -7 | -6 | -6 |
| Interest | 4 | 5 | 8 | 9 | 10 | 8 | 7 | 7 |
| Profit before tax | 39 | 41 | 35 | 47 | 26 | 29 | 27 | 66 |
| Tax rate | 22.1% | 20.9% | 25.0% | 24.1% | 26.5% | 24.8% | 25.0% | 24.2% |
| Net profit | 31 | 33 | 26 | 36 | 19 | 22 | 20 | 50 |
| EPS ($ per share) | 0.17 | — | 0.15 | 0.21 | 0.11 | — | 0.12 | 0.28 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 589 | 694 | 503 | 858 | 1,258 | 1,432 | 1,482 | 1,518 |
| Total liabilities | 1,492 | 1,424 | 1,461 | 1,514 | 1,481 | 1,600 | 1,947 | 1,815 |
| Fixed assets | 1,922 | 1,852 | 1,832 | 2,051 | 2,280 | 2,582 | 2,869 | 2,720 |
| Investments | 51 | 48 | 47 | 49 | 46 | 57 | 48 | 42 |
| Total assets | 3,625 | 3,660 | 3,516 | 3,937 | 4,318 | 4,557 | 4,934 | 4,840 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 567 | 636 | 618 | 566 | 856 | 680 | 686 | 637 |
| Cash from investing | -338 | -350 | -319 | -626 | -599 | -908 | -791 | -346 |
| Cash from financing | -89 | -113 | -456 | -90 | -117 | -56 | 121 | -207 |
| Net cash flow | 140 | 173 | -156 | -151 | 141 | -283 | 15 | 84 |
| Capital expenditure | -385 | -335 | -275 | -399 | -535 | -660 | -414 | -352 |
| Free cash flow | 181 | 301 | 343 | 167 | 321 | 20 | 272 | 285 |
SNDR revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Truckload | — | — | 51% | 51% | 50% | 51% | 52% | 51% | +10.2% |
| Logistics | — | — | 24% | 24% | 23% | 24% | 22% | 24% | +10.9% |
| Intermodal | — | — | 22% | 22% | 23% | 22% | 21% | 21% | +9.9% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
84 filings between Dec 16, 2025 and Oct 9, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$4.36M
10 sales by 6 insiders
Compensation
not trading decisions- 22
- Award — granted as compensation
- 8
- Option exercise — converted options into shares
- 29
- Tax withheld — shares kept back by the company to cover tax
Also filed: 15 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Rourke Mark B. | — | $2.61M | Aug 4, 2026 |
| Jackson Thomas G | — | $753.0K | Jun 10, 2026 |
| Fish Angela M | — | $427.0K | May 5, 2026 |
| Devgun Shaleen | — | $322.3K | Jun 8, 2026 |
| Campbell Darrell George | — | $173.3K | Feb 19, 2026 |
| Dumas Magnin Shelly A | — | $74.9K | May 6, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 9, 2026 | GIERTZ JAMES R Director | Award | 14 | $434 |
| Sep 18, 2026 | Schneider Paul J. Director | Gift | 3,000 | $0 |
| Aug 4, 2026 | Rourke Mark B. Executive Chair | Sale | 15,474 | $556.7K |
| Aug 4, 2026 | Rourke Mark B. Executive Chair | Sale | 24,000 | $867.0K |
| Aug 4, 2026 | Rourke Mark B. Executive Chair | Option exercise | 15,474 | $324.3K |
| Aug 4, 2026 | Rourke Mark B. Executive Chair | Sale | 13,208 | $469.9K |
| Aug 4, 2026 | Rourke Mark B. Executive Chair | Option exercise | 13,208 | $327.7K |
| Aug 4, 2026 | Rourke Mark B. Executive Chair | Option exercise | 24,000 | $503.0K |
| Aug 3, 2026 | Rourke Mark B. Executive Chair | Sale | 20,312 | $714.5K |
| Aug 3, 2026 | Rourke Mark B. Executive Chair | Option exercise | 20,312 | $503.9K |
| Jul 10, 2026 | GIERTZ JAMES R Director | Award | 12 | $433 |
| Jul 1, 2026 | Filter James Scott President & CEO | Award | 14,767 | $0 |
| Jun 24, 2026 | Schneider Paul J. Director | Gift | 3,665 | $0 |
| Jun 10, 2026 | Jackson Thomas G EVP - General Counsel | Option exercise | 20,271 | $525.2K |
| Jun 10, 2026 | Jackson Thomas G EVP - General Counsel | Sale | 20,271 | $753.0K |
| Jun 8, 2026 | Devgun Shaleen EVP-Chief Innovation, Tech | Sale | 8,352 | $322.3K |
| Jun 8, 2026 | Devgun Shaleen EVP-Chief Innovation, Tech | Option exercise | 8,352 | $207.2K |
| May 27, 2026 | DePrey Mary P. Director | Gift | 25,173 | $0 |
| May 6, 2026 | Dumas Magnin Shelly A VP and Corporate Controller | Sale | 2,425 | $74.9K |
| May 5, 2026 | Fish Angela M EVP Human Resources | Sale | 7,869 | $239.4K |
| May 5, 2026 | Fish Angela M EVP Human Resources | Option exercise | 8,478 | $219.7K |
| May 4, 2026 | Fish Angela M EVP Human Resources | Sale | 6,250 | $187.5K |
| May 4, 2026 | Fish Angela M EVP Human Resources | Option exercise | 6,725 | $174.2K |
| May 1, 2026 | Fish Angela M EVP Human Resources | Award | 636 | $0 |
| Apr 30, 2026 | Chopra Jyoti Director | Award | 5,468 | $0 |
| Apr 30, 2026 | Ramirez Austin M Director | Award | 5,468 | $0 |
| Apr 30, 2026 | Schneider Paul J. Director | Award | 5,468 | $0 |
| Apr 30, 2026 | DePrey Mary P. Director | Award | 5,468 | $0 |
| Apr 30, 2026 | Swainson John A Director | Award | 5,468 | $0 |
| Apr 30, 2026 | STREICH JULIE K Director | Award | 5,468 | $0 |
| Apr 30, 2026 | KNIGHT ROBERT M JR Director | Award | 5,468 | $0 |
| Apr 30, 2026 | GIERTZ JAMES R Director | Award | 5,468 | $0 |
| Apr 30, 2026 | WELCH JAMES L Director | Award | 5,468 | $0 |
| Apr 8, 2026 | GIERTZ JAMES R Director | Award | 15 | $432 |
| Feb 26, 2026 | Devgun Shaleen EVP-Chief Innovation, Tech | Gift | 9,415 | $0 |
| Feb 26, 2026 | Devgun Shaleen EVP-Chief Innovation, Tech | Gift | 9,415 | $0 |
| Feb 19, 2026 | Campbell Darrell George EVP - CFO | Sale | 6,000 | $173.3K |
| Feb 18, 2026 | Rourke Mark B. President & CEO | Gift | 66,918 | $0 |
| Feb 18, 2026 | Rourke Mark B. President & CEO | Gift | 66,918 | $0 |
| Feb 15, 2026 | Devgun Shaleen EVP-Chief Innovation, Tech | Tax withheld | 1,455 | $41.8K |
| Feb 15, 2026 | Devgun Shaleen EVP-Chief Innovation, Tech | Tax withheld | 4,146 | $119.1K |
| Feb 15, 2026 | Rourke Mark B. President & CEO | Tax withheld | 9,180 | $263.7K |
| Feb 15, 2026 | Rourke Mark B. President & CEO | Tax withheld | 27,745 | $797.1K |
| Feb 15, 2026 | Rourke Mark B. President & CEO | Tax withheld | 4,524 | $130.0K |
| Feb 15, 2026 | Rourke Mark B. President & CEO | Tax withheld | 12,537 | $360.2K |
| Feb 15, 2026 | Jackson Thomas G EVP - General Counsel | Tax withheld | 4,229 | $121.5K |
| Feb 15, 2026 | Jackson Thomas G EVP - General Counsel | Tax withheld | 681 | $19.6K |
| Feb 15, 2026 | Devgun Shaleen EVP-Chief Innovation, Tech | Tax withheld | 2,136 | $61.4K |
| Feb 15, 2026 | Jackson Thomas G EVP - General Counsel | Tax withheld | 1,412 | $40.6K |
| Feb 15, 2026 | Jackson Thomas G EVP - General Counsel | Tax withheld | 2,079 | $59.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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