Wabtec Q2 Earnings Beat, Raises 2026 Guidance on Strong Freight and Transit Demand
WAB sits 45% above its 52-week low of $184.26.
Summary
Wabtec reported Q2 2026 adjusted EPS of $2.76, beating estimates, and raised full-year guidance on strong sales growth and margin expansion. The multi-year backlog jumped 41.7% to $30.93 billion.
Key Events · Earnings and Guidance · WAB
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Q2 Earnings Beat
Adjusted EPS of $2.76, up 21.6% YoY, on sales of $3.18B, up 17.5% YoY. GAAP operating margin expanded 1.5 pts to 18.9%.
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Guidance Raised
Full-year 2026 revenue guidance raised to $12.30B-$12.60B (midpoint +$110M) and adjusted EPS to $10.60-$10.90 (midpoint +$0.30).
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Backlog Surge
Multi-year backlog reached $30.93B, up 41.7% YoY, driven by strong orders including a $1.0B Australian locomotive and services contract.
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Cash Flow Strength
Operating cash flow of $441M, up from $209M a year ago, with cash conversion of 82%. The company returned $563M to shareholders in H1 2026 via buybacks and dividends.
Analysis · WAB · Manufacturing
Wabtec delivered a standout second quarter, with adjusted EPS of $2.76 beating expectations on 17.5% sales growth to $3.18 billion. Operating margins expanded in both segments, and cash from operations more than doubled to $441 million. The company raised its full-year revenue and adjusted EPS guidance, reflecting confidence in sustained demand across its freight and transit businesses. The multi-year backlog surged 41.7% to $30.93 billion, providing exceptional visibility. This performance reinforces Wabtec's ability to compound shareholder value through organic growth, acquisitions, and disciplined capital allocation.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.4% of the 1070 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WAB was trading at $267.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $44.7B. The 52-week trading range was $184.26 to $284.91. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.