SNDR earnings analysis
What we found in SNDR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
SNDR reported Q1 2026 results with revenues of $1.399 billion, falling short of estimates by approximately 1.3%. However, earnings per share outperformed estimates, coming in at $0.12 versus the expected $0.10. The company noted a decline in both income from operations and net income compared to the same quarter last year, largely due to decreased logistics revenue and higher operational costs, while maintaining its full-year EPS guidance.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Beats Expectations
- Actual diluted EPS for Q1 2026 was $0.12, exceeding estimates of $0.10.
- Revenue Decline in Logistics Segment
- Logistics segment revenues decreased by $19.7 million, or approximately 6%, driven by decreased brokerage volume.
- Gross Margin Stability
- Gross margin for Q1 2026 was 62.7%, slightly up from 62.8% in Q4 2025.
- Free Cash Flow Turnaround
- Free cash flow improved to $48.1 million from a negative $5.4 million in Q1 2025.
- Cash and Cash Equivalents Increased
- Cash and cash equivalents increased to $227.8 million, up from $201.5 million at year-end 2025.
- Operating Cash Flow Stability
- Net cash provided by operating activities was $92.9 million, slightly increasing from $91.7 million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Operating Costs
- Fuel and fuel taxes for company trucks rose by $12.8 million, or 12%, compared to the previous year.
- Freight Market Volatility
- Revenues are impacted by fluctuations in demand and pricing, particularly within the logistics and intermodal segments.
- Regulatory and Operational Risks
- Ongoing operational constraints and regulatory changes may affect profitability, particularly in the logistics sector.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.12
- Gross margin
- 62.7%
- Operating margin
- 2.4%
- Segment
- Truckload: $618.0 million
- Segment
- Intermodal: $253.5 million
- Segment
- Logistics: $312.3 million
What they said about what is next.
2026 adjusted diluted EPS guidance remains unchanged at $0.70 - $1.00.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 20, 2026
- Schneider (SNDR) positions itself as a multimodal North American transportation and logistics platform focused on Truckload, Intermodal and Logistics, leveraging agentic AI and data science to drive operations. The…
- 10-Q · October 30, 2025
- Schneider reported Q3 2025 operating revenues of $1,452.4 million (up $136.7 million YoY from $1,315.7 million) while diluted EPS declined to $0.11 (from $0.17 a year ago). Income from operations fell to $35.3 million,…
- 10-Q · July 31, 2025
- Schneider reported Q2 operating revenues of $1,420.5 million (up from $1,316.7 million a year ago) with income from operations of $55.0 million and net income of $36.0 million. Basic EPS was $0.21 (diluted $0.20),…
- 10-Q · May 1, 2025
- Schneider reported quarter-over-quarter strength in top-line and operating results: operating revenues rose to $1,401.8 million (from $1,319.0 million in prior year) and income from operations increased to $42.1 million…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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