10-Q · May 8, 2026
Rush Enterprises, Inc. reported Q1 2026 results with total revenues of $1.68 billion, a decrease of 9% year-over-year, while EPS reached $0.77, exceeding estimates by 5 cents. Despite declines in new commercial vehicle…
Earnings analysis · 10-Q
RUSHA earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Rush Enterprises reported Q2 revenue of $1.899 billion, up sharply from $1.68 billion in Q1 but down 1.6% year over year, while diluted EPS improved to $0.91 from $0.77 sequentially and $0.90 a year earlier. Aftermarket…
Read full summary
Rush Enterprises reported Q2 revenue of $1.899 billion, up sharply from $1.68 billion in Q1 but down 1.6% year over year, while diluted EPS improved to $0.91 from $0.77 sequentially and $0.90 a year earlier. Aftermarket revenue grew 1.5%, but vehicle-sales weakness remained a headwind. Management indicated that Class 8 sales should be considerably stronger in the second half of 2026, without issuing quantified guidance. The balance-sheet financing exposure is material, with $1.0364 billion of relevant borrowings and approximately $10.3 million of annual interest-expense sensitivity for each 100-basis-point rate move.
Reported figures
- Earnings per share
- $0.91
- Segment
- Aftermarket revenue grew 1.5% year over year.
- Segment
- Lease and rental revenue increased, but the filing excerpt does not provide a segment dollar amount.
- Segment
- Used-truck sales grew and Class 8 market share held; segment dollar amounts were not disclosed in the provided excerpt.
What stood out
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Revenue rebounded sequentially
Second-quarter revenue was $1.899 billion, up approximately 13.0% sequentially from $1.68 billion in 2026 Q1 but down approximately 1.6% from $1.93 billion in 2025 Q2.
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EPS improved and met consensus
Diluted EPS was $0.91, up from $0.77 in the prior quarter and $0.90 in the year-ago quarter; EPS matched the $0.91 consensus estimate.
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Aftermarket revenue grew
Aftermarket revenue increased 1.5% year over year, providing a positive offset to weaker vehicle sales.
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Share repurchases resumed
The company repurchased 79,029 shares in June at an average price of $69.43, leaving $144.5 million available under its $150.0 million repurchase authorization.
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Class 8 second-half outlook positive
Management expects the second half of 2026 to be considerably stronger than the first half for Class 8 truck sales, although no numerical outlook was provided.
What to watch
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Vehicle-sales weakness persists
Revenue declined 1.6% year over year to $1.899 billion, reflecting continued pressure in vehicle sales despite growth in aftermarket activity.
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Material interest-rate sensitivity
As of June 30, 2026, floor-plan and lease/rental-fleet borrowings totaled $1.0364 billion. A 100-basis-point move in prime, SOFR or CORRA could change annual interest expense by approximately $10.3 million.
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No reduction in existing risk exposure
The filing states that no material change was identified in the risk factors from the 2025 Annual Report as of June 30, 2026; therefore, existing industry, demand and financing risks remain applicable.
Management's outlook
No quantified revenue or EPS guidance, and no change to prior outlook, was provided. Management expects the second half of 2026 to be considerably stronger than the first half for Class 8 truck sales.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.