Filing Flows › Knight-Swift Transportation Holdings (KNX) › Q1 2026
Knight-Swift Transportation Holdings (KNX) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Knight-Swift Transportation Holdings (KNX) reported revenue of $1.9B for the first quarter 2026 (Q1 2026), +1% from a year earlier and -0.3% from the quarter before. Operating margin was 1.5%, net loss $1.4M (0.1% of revenue).
Knight-Swift Transportation Holdings, Q1 2026: revenue $1.9B (+1% year over year), operating margin 1.5%, net loss $1.4M, operating cash flow $143M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -0.3% | +1% |
| Operating profit | $28.6M | +8% | -57% |
| Net earnings | −$1.4M | — | -105% |
| Operating cash flow | $143M | -80% | +30% |
| Free cash flow | $12.5M | — | — |
What changed
Revenue was $1.9B in Q1 2026, up 1% year over year and roughly flat from the previous quarter. Revenue, excluding truckload and LTL fuel surcharge was the largest line at 89% of revenue. Truckload and LTL fuel surcharge added $0.02B year over year (up 11%), 80% of the total change.
Operating profit was $0.03B, a 1.5% margin (down 2.1 points year over year). Operating profit fell $0.04B even though revenue rose $0.03B versus Q1 2025, so costs grew faster than sales. Total costs grew 4% against revenue growth of 1%. The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $0.01B loss. Net interest and other expense of $0.03B was the main reason.
Operating cash flow was $0.14B (up 30% year over year). Non-cash charges added back $0.20B of depreciation and amortization. Working capital and other items used $0.05B. Capital expenditures of $0.13B left free cash flow of $0.01B.
Questions
What was Knight-Swift Transportation Holdings' revenue in the first quarter 2026?
Knight-Swift Transportation Holdings (KNX) reported revenue of $1.9B for the first quarter 2026 (Q1 2026), +1% from a year earlier and -0.3% from the quarter before.
Was Knight-Swift Transportation Holdings profitable in the first quarter 2026?
Operating profit was $28.6M (1.5% of revenue) and net loss $1.4M.
Source: Knight-Swift Transportation Holdings 10-Q on SEC EDGAR.