RXO Report Second Quarter Financial Results and Outlook
RXO reported Q2 revenue of $1.8B, up from $1.4B a year earlier. Gross margin fell to 13.9% from 17.8%. GAAP net loss was $9M, while adjusted net income was $10M. Adjusted EBITDA was $40M. Brokerage truckload volume rose 2% and truckload spot mix reached 42%. RXO expects Q3 2026 adjusted EBITDA of $35M-$45M.
How this was made
The 30-second read
Why it matters
Traders can update RXO’s near-term earnings expectations using the Q3 adjusted EBITDA range and the described drivers (truckload spot mix, sequential gross profit per load, and freight under management).
Market read
The combination of Q2 reported metrics and a numeric Q3 EBITDA range is the primary tradable input for RXO’s earnings expectations.
What to watch
The outlook is EBITDA-only and does not quantify cash flow, leverage, or the durability of the spot mix shift into Q3.
Background
RXO is a freight brokerage and complementary services provider, reporting quarterly results with volume, mix, and gross profit per load metrics.
Ticker impact
RXO reported Q2 revenue of $1.8B, gross margin of 13.9%, and guided Q3 adjusted EBITDA to $35M-$45M.
Moderate upside bias if investors view the gross profit per load and spot mix improvement as sustainable into Q3.
The article includes both reported results (revenue, margins, adjusted EBITDA/EPS) and a numeric Q3 outlook, which can drive re-rating versus prior expectations.
Market effects
Freight brokerage and logistics peers may be read through on spot mix and gross profit per load trends.
No specific regional demand signal beyond companywide volume and stops growth.
No direct global macro or cross-border catalyst cited.
Counterpoint
Gross margin fell year over year (13.9% vs 17.8%), so the improvement in gross profit per load may not offset broader margin pressure.
Key entities
- public_companyRXO
Brokerage and logistics services company reporting Q2 results and providing Q3 adjusted EBITDA and volume/gross profit per load outlook.
- executiveDrew Wilkerson
Chairman and CEO whose remarks attribute performance to spot mix, carrier vetting, and freight under management growth.
