Schneider National (SNDR) · Q2 2026 results and valuation

At −4.9% growth a year (3-year revenue growth), the model's fair value is $12.71 a share — the stock trades 129% above it. Today's price assumes 6.4% growth a year.

1. Guidance

   Allocation season strength is expected to translate into second-half volume growth.

   Source quote

   “We are pleased with our performance in this allocation season, which we expect to translate into volume growth in the second half.”

2. Key theme

   Schneider National continued focusing on its revenue management efforts to address net revenue pressures, including leading into its spot opportunities.

   Source quote

   “We continued focusing on our revenue management efforts to address net revenue pressures, including leading into our spot opportunities. It wasn't just the project business. We had to address some out-of-market contract rates.”

3. Guidance

   The company expects efforts to gain traction through the third quarter to position the company to profitably capitalize on over-the-road conversion tailwinds.

   Source quote

   “We expect these efforts to gain traction through the third quarter, positioning us to profitably capitalize on the trifecta of over-the-road conversion tailwinds as we move forward, including...”

Management was more positive answering analysts than in its script — usually a sign it was comfortable with the details it was asked about.

Sentences that drove the tone

“Intermodal operating income was $18 million, a 14% increase compared to the same period last year, and a strong sequential improvement supported by headcount actions and gains in tractor asset...”

“Network price renewals also accelerated with average price increases in the quarter of double digits, which we achieved while also improving incumbent retention.”

“We are growing in areas where returns are commensurate with our service and cost, as evidenced by the strong growth in Mexico and in the East, where there are the...”