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Forward Air FWRD Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$673.0MBeat by $38.7M
EPS-$5.90Miss by $5.75
Revenue estimate$634.4M
EPS estimate-$0.15
“We are pleased to deliver another solid quarter and we are seeing momentum from our transformational efforts, combined with an improving freight market. This contributed to reporting $673 million in consolidated operating revenue, which is the best in Forward Air Corporation's history. Consolidated EBITDA for the quarter was $93 million, an improvement of $14 million, compared to $79 million a year ago.”
Shawn Stewart

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$677.4M
EPS estimate$0.12

Financials

Q2 2026

Income statement

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Revenue$673.0M+8.8%
Operating income-$201.3M-1,131%
Net income-$207.3M-1,547%
EPS (diluted)-$6.38-1,456%

Balance sheet

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Cash & equivalents$139.4M+46.3%
Total debt$2.1B-2.4%
Total equity-$115.4M-176%
Total assets$2.4B-12.7%

Cash flow

See full
CapEx$3.2M-32.3%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$554.01M-36.4%
Enterprise value$2.52B-13.7%
P/S0.2×-0.1×

Profitability

See full
Operating margin-6.6%-8.5pp
Net margin-11.4%+21.6pp

Returns & leverage

See full
Current ratio1.3×+0.1×

Segments

By product

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Ground$408.7M—
Network$226.0M+16.6%
Contract Logistics$112.3M—
Air and Ocean$93.4M—
Truckload$69.2M+62.4%

By segment

See full
Omni Logistics$338.5M+3.1%
Expedited Freight$319.1M+23.8%
Intermodal$59.7M+1.0%

FAQ

When did Forward Air report Q2 2026 earnings?
Forward Air (FWRD) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Forward Air's Q2 2026 revenue and EPS?
Forward Air reported revenue of $673.0M and eps of $-5.90 for Q2 2026.
Did Forward Air beat estimates in Q2 2026?
Revenue beat the consensus estimate of $634.4M by $38.7M. EPS missed the consensus estimate of $-0.15 by $5.75.
How did Forward Air's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.8% from $618.8M a year earlier and eps declined 1339.6% from $-0.41.
Where can I find Forward Air's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-053272) and the 10-Q periodic report (0001628280-26-053329) directly on SEC EDGAR. The filing index links above go to sec.gov.