SHARPE
Reported results
- Total revenue for the third quarter of 2026 was $353,894 thousand, compared to $296,889 thousand in the third quarter of 2025.
- Freight revenue, excluding fuel surcharge, was $315,050 thousand for the third quarter of 2026, compared to $268,840 thousand in the prior year quarter.
- GAAP operating income was $12,494 thousand for the third quarter of 2026, compared to $7,926 thousand in the third quarter of 2025.
- Non-GAAP adjusted operating income was $15,823 thousand for the third quarter of 2026, compared to $14,977 thousand in the third quarter of 2025.
- GAAP net income for the third quarter of 2026 was $10,704 thousand, or $0.40 per diluted share, compared to $9,093 thousand, or $0.35 per diluted share in the third quarter of 2025.
- Non-GAAP adjusted net income was $13,197 thousand, or $0.50 non-GAAP adjusted earnings per diluted share, compared to $11,517 thousand, or $0.44 non-GAAP adjusted earnings per diluted share in the third quarter of 2025.
Guidance
- Expects net capital equipment expenditures for the balance of 2026 to range from $35.0 million to $40.0 million.
- Expects a modest sequential increase in earnings per share for the fourth quarter of 2026.
- Anticipates the average age of tractors to range from 25 to 28 months going forward.
Price and volatility reaction
The stock moved +7.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +1.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 28.82 | 2026-10-29 |
| Close after release | 30.92 | 2026-10-30 |
| Realised move | +7.3% | close to close |
| 30d ATM IV change | +1.3 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.