| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.2K | 7.8% | 17.5% |
| Total Income | 3.2K | 7.8% | 17.5% |
| Expenditure | 2.6K | 6.0% | 15.4% |
| PBT | 518.00 | 10.4% | 15.1% |
| Net Profit | 395.00 | 9.1% | 17.6% |
| OPM | 18.87% | 1.35pp | 1.43pp |
| NPM | 12.43% | 0.15pp | 0.01pp |
| EPS | 2.33 | 9.9% | 18.9% |
Wabtec Reports Strong Second Quarter 2026 Results and Increases Full-Year Guidance
22 Jul 2026 · 22 Jul, 4:31 pm
Summary
Westinghouse Air Brake Technologies Corporation reported a strong second quarter of 2026, with sales increasing 17.5% year-over-year to $3.18 billion, fueled by growth in both Freight and Transit segments. The company saw significant improvements in profitability, with GAAP operating margin at 18.9% and adjusted operating margin at 21.9%. Earnings per share also saw robust growth, with adjusted diluted EPS up 21.6% to $2.76. Reflecting this strong performance, Wabtec raised its full-year 2026 revenue and adjusted EPS guidance.
Key Highlights
- 1
Second quarter sales increased by 17.5% year-over-year to $3.18 billion, driven by both the Freight and Transit segments.
- 2
GAAP operating margin improved to 18.9% and adjusted operating margin increased by 0.8 percentage points to 21.9% in Q2 2026.
- 3
GAAP diluted earnings per share were $2.33, up 18.9% year-over-year, while adjusted diluted earnings per share rose 21.6% to $2.76.
- 4
The company's multi-year backlog remained strong, standing at $30.93 billion, an increase of 41.7% compared to the prior year.
- 5
The 12-month backlog grew by 11.3% year-over-year to $9.14 billion as of June 30, 2026.
- 6
Wabtec increased its full-year 2026 revenue guidance to a range of $12.30 billion to $12.60 billion.
- 7
Full-year 2026 adjusted EPS guidance was also raised to a range of $10.60 - $10.90.
Management Comments
Rafael Santana
Wabtec delivered a strong first half, with solid second quarter execution across our businesses driving robust sales growth, margin expansion and a 22% increase in adjusted EPS growth. The strength of our performance reflects the resilience of our portfolio, the impact of our innovative solutions and the disciplined execution from our teams. During the quarter, we continued to build momentum through strategic commercial awards and the successful integrations of our recent acquisitions, further enhancing our market position and expanding our long-term growth opportunities. With a strong foundation, a talented global team, and significant opportunities ahead, we are well positioned to deliver profitable growth and continue to compound shareholder value.
Informational and educational content only. Not investment advice.