C. H. Robinson reported second-quarter 2026 results with total revenues of $4.93 billion and net income of $186.8 million, up 19.3% and 22.5% year-over-year, respectively. Adjusted diluted EPS rose to $1.61 and adjusted operating margin expanded to 34.7%. The company cited market-share gains, revenue management and productivity improvements driven by its Lean AI strategy.

Financial Highlights

  • Total revenues: $4,934,098 thousand for the three months ended June 30, 2026 (up 19.3% year-over-year).
  • Gross profit: $725,928 thousand for the quarter; adjusted gross profit: $737,966 thousand (up 6.5% year-over-year).
  • Income from operations: $255,743 thousand for the quarter (up 18.4% year-over-year).
  • Net income: $186,786 thousand for the quarter; diluted EPS: $1.56. Adjusted net income (diluted) and adjusted diluted EPS: $192,268 thousand and $1.61.
  • Cash generated by operations for the quarter: $35.9 million; cash returned to shareholders in the quarter: $301.3 million (repurchases $226.0 million; dividends $75.3 million).

Business Highlights

  • Lean AI strategy: Company attributes evergreen productivity improvements (over 60% in NAST and Global Forwarding since end of 2022) to Lean AI-driven automation across quote-to-cash workflows.
  • North American Surface Transportation (NAST): Volume increased ~1.5% year-over-year, outpacing the Cass Freight Shipment Index for the 13th consecutive quarter; NAST adjusted gross profit rose 8.6% to $469.4 million.
  • Pricing and mix: Higher pricing across truckload, LTL, air and ocean services drove revenue growth; truckload linehaul rates up ~25.5% while linehaul costs rose ~29.0% year-over-year.
  • Global Forwarding: Adjusted gross profit modestly increased to $188.8 million; air adjusted gross profit grew strongly (+23.4%) while ocean and customs faced pressure; adjusted operating margin (ex. restructuring) at 33.4% in the quarter.
  • Workforce and productivity: Average employee headcount declined (down ~10.8% enterprise-wide year-over-year); operating expense control and productivity gains contributed to margin expansion.

Original SEC Filing:

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