Broadwind Q2 Revenue Jumps 67% on Power-Gen Demand; Strategic Pivot Gains Traction
BWEN has more than doubled off its 52-week low of $1.88.
Summary
Broadwind reported Q2 2026 revenue of $24.3 million, up 67% year-over-year, with adjusted EBITDA of $1.6 million versus a loss last year. Orders grew 68% and backlog nearly doubled, reflecting strong power-generation and infrastructure demand after the company's strategic exit from wind fabrication.
Key Events · Earnings and Guidance · BWEN
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Revenue Surges 67% to $24.3M
Q2 2026 revenue rose to $24.3 million from $14.5 million a year ago, driven by 79% growth in Industrial Solutions (natural gas turbine components) and 24% growth in Gearing (power generation, oil & gas).
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Adjusted EBITDA Turns Positive at $1.6M
Non-GAAP adjusted EBITDA improved to $1.6 million (6.4% margin) from a loss of $1.1 million in Q2 2025, reflecting higher volumes and operating leverage in core segments.
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Orders and Backlog Nearly Double
Total orders increased 68% to $35.2 million, with a book-to-bill of 1.5x. Combined Industrial Solutions and Gearing backlog rose 93% year-over-year to $85 million, providing strong second-half visibility.
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Strategic Exit from Wind Fabrications Completed
The sale of the Abilene, Texas production facility for up to $19.5 million closed, completing the strategic pivot away from wind tower manufacturing. Results now reflect continuing precision manufacturing operations only.
Analysis · BWEN · Manufacturing
Broadwind's second-quarter results show a sharp acceleration in its core precision manufacturing business following the exit from wind tower fabrication. Revenue surged 67% year-over-year to $24.3 million, driven by strong demand for natural gas turbine components and industrial gearing. Orders outpaced revenue with a book-to-bill of 1.5x, and combined backlog in the two key segments nearly doubled, providing visibility into the second half. The company swung to positive adjusted EBITDA of $1.6 million from a loss a year ago, and liquidity stands at $31.3 million with only $6.3 million in total debt — a much cleaner balance sheet after the Abilene facility sale. The strategic pivot is delivering: Industrial Solutions posted a 19% EBITDA margin, and Gearing returned to profitability. For a $104 million market-cap manufacturer, this quarter marks a tangible inflection in both demand and financial health.
At the time of this filing, BWEN was trading at $4.10 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $104.4M. The 52-week trading range was $1.88 to $5.52. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.