GXO Logistics reported first-quarter 2026 revenue of $3.3 billion, up 10.8% year over year, with organic growth of 4.1%. Adjusted EBITDA climbed to $200 million, compared with $163 million a year earlier, while adjusted diluted earnings per share rose to $0.50 from $0.29. The company posted net income of $5 million, reversing a $95 million net loss in the prior-year period.
GXO secured $227 million in new business wins during the quarter, with roughly 40% of those wins concentrated in higher-margin sectors including aerospace and defense, technology, industrial, and life sciences. The contract logistics provider also reported a record sales pipeline of $2.7 billion, with momentum particularly strong in North America.
CEO Patrick Kelleher said, "Our commercial momentum is building, especially in North America where our pipeline grew 35% sequentially." GXO said it continues to expand investments in artificial intelligence, robotics, warehouse automation, and standardized operational systems, describing AI and next-generation automation as central pillars of its long-term growth strategy.
Following the stronger-than-expected quarter, GXO raised its full-year 2026 outlook: organic revenue growth of 4%-5%, adjusted EBITDA of $935 million-$975 million, adjusted diluted EPS of $2.90-$3.20, and free cash flow conversion of 30%-40%. The company said the upgraded guidance reflects continued confidence in demand and operational performance despite broader economic uncertainty.
The results underscore continued resilience in the contract logistics sector, supported by growth in strategic industries, expanding automation adoption, and rising outsourcing demand. GXO is expected to provide additional details on its long-term strategy during its investor day later this year.
Key Takeaways:
1. GXO Logistics first-quarter 2026 revenue rose 10.8% year over year to $3.3 billion, with net income of $5 million.
2. The company signed $227 million in new business wins, with about 40% concentrated in aerospace and defense, technology, industrial, and life sciences sectors.
3. GXO reported a record $2.7 billion sales pipeline, with CEO Patrick Kelleher noting the North America pipeline grew 35% sequentially.
4. Full-year 2026 guidance was raised: organic revenue 4%-5%, adjusted EBITDA $935-$975 million, adjusted diluted EPS $2.90-$3.20.
5. Artificial intelligence, robotics, and warehouse automation were positioned as central pillars of GXO's long-term growth strategy.
