Ryder posts Q3 earnings beat and lifts full‑year EPS guidance

Ryder System reported third‑quarter 2026 earnings with GAAP EPS of $4.16 and non‑GAAP EPS of $4.33, both above expectations. Total revenue rose about 8% year‑over‑year to roughly $3.4 billion. The company raised its full‑year 2026 comparable EPS outlook to $14.85‑$15.05 and increased 2026 rental capital expenditures to $500 million.

The earnings beat and higher guidance suggest stronger cash flow and profitability, which may support a higher stock price and affect analyst models (the company’s own guidance says EPS will be $14.85‑$15.05). The raised rental CapEx signals continued investment in fleet capacity.

  • 1GAAP EPS from continuing operations was $4.16, up 25% YoY.
  • 2Comparable (non‑GAAP) EPS from continuing operations was $4.33, up 21% YoY.
  • 3Total revenue was $3.4 billion, up 8% YoY.
  • 4Full‑year 2026 comparable EPS guidance was raised to $14.85‑$15.05.
  • 5Full‑year 2026 rental capital expenditures were increased to $500 million.
  • 6Operating margin for the quarter was 9% and free cash flow improved to $308 million.

Sources