Overview

• FedEx beat fiscal Q1 estimates with $22.2 billion in revenue and $3.83 in adjusted EPS, lifting the stock after the report.
• Management outlined FY2026 goals of $17.20–$19.00 in EPS and 4%–6% revenue growth, reaffirming about $4.5 billion in annual capital spending.
• The company maintained its Network 2.0 program targeting $1 billion in permanent cost reductions through automation and network efficiencies.
• FedEx said it is advancing the spin-off of FedEx Freight into a separate public company, with completion targeted by June 2026.
• Pricing actions include an average 5.9% increase for FedEx parcel and FedEx Freight LTL rates effective January 5, 2026, as TD Cowen raised its price target to $271 and Jim Cramer praised CEO Raj Subramaniam’s outlook.