UPS stock falls 4.3 percent as Amazon volumes weaken

Published on 09/22/2026 at 15:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UPS stock fell to USD 94.75 on September 21, 2026, after BofA cut its target to USD 108. Second-quarter revenue rose 7.6 percent.

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United Parcel Service, Inc. (US9113121068) closed at USD 94.75 on the New York Stock Exchange on September 21, 2026, down 4.3 percent from the prior session. The decline followed a weaker view of Amazon-related shipping volumes and a lower Bank of America price target.

BofA cuts target to USD 108

According to MSN on September 21, 2026, BofA Securities reduced its UPS price target from USD 115 to USD 108 and retained a Neutral rating. The bank also cut its full-year earnings forecast from USD 7.25 to USD 7.10 per share.

The revision was tied to a sharper decline in domestic shipping volumes, including a large drop in Amazon shipments, according to the same MSN report. That operating concern outweighed a broader S&P 500 gain of 1.49 percent during the session.

Second-quarter margins improved

UPS reported second-quarter 2026 revenue of USD 22.834 billion, up 7.6 percent from the prior-year quarter, while adjusted operating profit reached USD 2.1 billion and adjusted operating margin was 9.2 percent, according to EBC on September 22, 2026.

Adjusted diluted EPS was USD 1.76 in the quarter, compared with USD 1.55 a year earlier. The US domestic segment generated adjusted operating profit of USD 1.188 billion, up 21 percent year over year, and its adjusted margin increased from 7.0 percent to 8.0 percent.

The improvement came with a cost. UPS recorded USD 891 million of after-tax transformation expenses in the second quarter, while GAAP operating profit was USD 930 million compared with adjusted operating profit of USD 2.1 billion, as reported by EBC on September 22, 2026.

Guidance meets a volume test

UPS previously guided to 2026 revenue of USD 91.2 billion and adjusted EPS of USD 7.22, slightly above FactSet estimates of USD 91.3 billion in revenue and USD 7.19 EPS, according to MSN on September 21, 2026.

The contrast is clear: second-quarter revenue and domestic margins improved, but the later volume signal prompted BofA to lower its earnings view. UPS stock remains 19.1 percent below its 52-week high of USD 122.41 and above the 52-week low of USD 82, based on the September 22, 2026 market context reported by EBC.

UPS stock closes at USD 94.75

The reference price was USD 94.75 on the NYSE at the completed close on September 21, 2026, down 4.3 percent from the prior session. The 2026 second-quarter figures, the USD 7.22 full-year EPS guidance and the USD 108 revised target leave domestic volume and margin data as the next key operating tests.