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Knight-Swift Transportation Holdings (KNX) guidance and outlook

Knight-Swift Transportation Holdings (KNX) lowered its guidance on Oct 21, 2026: Capital expenditures $600M–$625M for FY2026; Other income $1.0M–$3.0M for Q4 2026; Tax rate 24.7%–25.7% for Q4 2026; EPS $0.34 for FY2026. Knight-Swift Transportation Holdings' 10-Q filed Jul 29, 2026 makes 20 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 21, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Jul 29, 2026

• • expected liquidity and methods for achieving sufficient liquidity, including our expected need or desire to incur indebtedness, our ability to comply with debt covenants, and the expected impact of the 2031 Notes,
• Our Company outlook for the third quarter of 2026 includes the following:
• In addition to the above, we expect the Truckload segment will continue to pursue opportunities, and the Logistics segment will continue to provide value to our customers through our power-only and traditional brokerage service offerings.
• With our mid-2024 acquisition of DHE and the continued organic expansion of our AAA Cooper brand, we expect additional yield and revenue opportunities from our growing super-regional LTL transportation network.
• The pace of our LTL facility expansion will be lower in 2026 than in 2025 as we focus on ongoing bid activities that we believe will provide further opportunities to grow shipment volumes and improve efficiencies in our LTL segment.
• We anticipate that depreciation and amortization expense will increase, as a percentage of revenue, excluding truckload and LTL fuel surcharge, as we intend to purchase, rather than enter into operating leases, for a majority of our revenue equipment or terminal improvements during 2026.
• Additionally, we anticipate that our equipment suppliers may need to raise prices in response to tariffs.
• Xpress is encouraging, and this brand is making strides with greater rate improvement than the legacy brands in the strengthening market, as we expected given the relative starting points.
• We believe ongoing bid events with new and existing customers will provide further opportunities to grow shipment volume, improve our freight mix, and drive operational efficiencies.
• We generate additional revenue by offering specialized logistics solutions (including, but not limited to, trailing equipment, origin management, surge volume, disaster relief, special projects, and other logistics needs).
• As contractual pricing is reset through bid activity and proactive rate reviews, we expect to improve load volumes at appropriate gross margins.
• Several ongoing market factors have reduced the pool of available driving associates, contributing to a challenging driver sourcing market, which we believe will continue.

Knight-Swift Transportation Holdings' latest quarter

Questions

Did Knight-Swift Transportation Holdings raise or lower its guidance?

Knight-Swift Transportation Holdings (KNX) lowered its guidance on Oct 21, 2026: Capital expenditures $600M–$625M for FY2026; Other income $1.0M–$3.0M for Q4 2026; Tax rate 24.7%–25.7% for Q4 2026; EPS $0.34 for FY2026.

What does Knight-Swift Transportation Holdings expect?

• expected liquidity and methods for achieving sufficient liquidity, including our expected need or desire to incur indebtedness, our ability to comply with debt covenants, and the expected impact of the 2031 Notes, Our Company outlook for the third quarter of 2026 includes the following: In addition to the above, we expect the Truckload segment will continue to pursue opportunities, and the Logistics segment will continue to provide value to our customers through our power-only and traditional brokerage service offerings.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.