C.H. Robinson Raises 2026 Guide, $2B Buyback

C.H. Robinson raised its 2026 operating income target to $965 million–$1.04 billion and authorized a $2 billion share repurchase after reporting third-quarter results that sent shares to record highs. The company reported adjusted Q3 EPS of $1.40, beating estimates, while revenue fell 10.9% to $4.14 billion, a decline management attributed in part to the divestiture of its Europe Surface Transportation business and weaker pricing in ocean and truckload services. Management credited AI-driven automation — including its Agentic Supply Chain and generative/agentic AI tools — for faster operations, headcount reductions and productivity and margin gains. Adjusted gross profit edged down modestly, but adjusted operating margin and operating income guidance improved as operating expenses declined. Analysts at UBS and BMO raised price targets, citing stronger margins and North American volume, while warning of industry headwinds, cost timing and competitive digital innovation risks.