Filing Flows › Landstar System (LSTR) › Q2 2026
Landstar System (LSTR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Landstar System (LSTR) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +18% from a year earlier and +22% from the quarter before. Operating margin was 4.6%, net earnings $49.0M (3.4% of revenue).
Landstar System, Q2 2026: revenue $1.4B (+18% year over year), operating margin 4.6%, net earnings $49.0M, operating cash flow −$50.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +22% | +18% |
| Operating profit | $66.2M | +24% | +18% |
| Net earnings | $49.0M | +24% | +17% |
| Operating cash flow | −$50.4M | -164% | -806% |
What changed
Revenue was $1.4B in Q2 2026, up 18% year over year and up 22% from the previous quarter. Transportation Logistics was the largest line at 99% of revenue. Transportation Logistics added $0.22B year over year (up 18%), 100% of the total change. Insurance declined 1%.
Operating profit was $0.07B, a 4.6% margin (unchanged year over year). Of the extra revenue versus Q2 2025, 5% reached operating profit, below the 5% margin then. Total costs grew 18% against revenue growth of 18%. The fastest-growing cost line was SG&A (+22%). Net earnings were $0.05B, up 17% year over year. The effective tax rate was 25.2%.
Operating cash flow was −$0.05B. Non-cash charges added back $0.01B of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$0.05B.
Questions
What was Landstar System's revenue in the second quarter 2026?
Landstar System (LSTR) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +18% from a year earlier and +22% from the quarter before.
Was Landstar System profitable in the second quarter 2026?
Operating profit was $66.2M (4.6% of revenue) and net earnings $49.0M.
Source: Landstar System 10-Q on SEC EDGAR.