Westinghouse Air Brake Technologies (WAB) Q2 FY2026 earnings: revenue $3.2 billion, up 17.5% on the year
Westinghouse Air Brake Technologies Corp. (WAB) reported revenue of $3.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 17.5% on the same quarter a year earlier. Net income was $395 million, up 17.6% on the year, and diluted earnings per share $2.33. The figures are the company's own, from the 10-Q it filed with the SEC on 22 July 2026.
Revenue
$3.2 billion
+17.5% on the year · +7.8% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
18.9%
17.4% a year earlier
Q3 FY2024Q2 FY2026
Net income
$395 million
+17.6% on the year · +9.1% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$2.33
+18.9% on the year · +9.9% on the quarter
Q3 FY2024Q2 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 2 raised.
Both full-year ranges raised: Management raised the full-year revenue range and the adjusted EPS range; the figures are set out under guidance.
Sales rose 17.5% on acquisitions: Net sales were $3,179 million, up $473 million. Acquisitions added $232 million, organic growth $229 million, and foreign exchange $24 million; divestitures and exits took off $12 million.
Adjusted EPS grew 21.6%: GAAP diluted EPS was $2.33, up 18.9%. Adjusted diluted EPS was $2.76, up 21.6% from $2.27, which management linked to higher sales and operating margin expansion.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
441
199
209
+121.6%
+111.0%
Capital expenditure
62.0
46.0
39.0
+34.8%
+59.0%
Free cash flow
379
153
170
+147.7%
+122.9%
Free cash flow margin
11.9%
5.2%
6.3%
Cash from investing
-55.0
-1,105
-54.0
Cash from financing
-248
656
626
Depreciation and amortisation
143
139
117
+2.9%
+22.2%
Share-based compensation
32.0
22.0
24.0
+45.5%
+33.3%
Buybacks
215
242
50.0
-11.2%
+330.0%
Dividends paid
53.0
53.0
44.0
0.0%
+20.5%
Dividend per share
$0.31
$0.31
$0.25
0.0%
+24.0%
Diluted shares, weighted
170m
171m
171m
-0.6%
-0.9%
Shares outstanding at period end
169m
170m
171m
-0.5%
-1.1%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
11,214
11,103
10,801
+1.0%
+3.8%
Non-controlling interest
30.0
48.0
44.0
-37.5%
-31.8%
Debt
6,571
6,538
4,784
+0.5%
+37.4%
Other liabilities
5,313
5,507
4,762
-3.5%
+11.6%
Total liabilities and equity
23,128
23,196
20,391
-0.3%
+13.4%
Fixed assets
1,653
1,653
1,476
0.0%
+12.0%
Goodwill
10,603
10,625
8,936
-0.2%
+18.7%
Intangible assets
4,122
4,239
2,889
-2.8%
+42.7%
Cash and equivalents
670
531
1,499
+26.2%
-55.3%
Receivables
1,720
1,784
1,441
-3.6%
+19.4%
Inventory
2,857
2,850
2,571
+0.2%
+11.1%
Other assets
1,503
1,514
1,579
-0.7%
-4.8%
Total assets
23,128
23,196
20,391
-0.3%
+13.4%
Questions
What was Westinghouse Air Brake Technologies' revenue in Q2 FY2026?
Westinghouse Air Brake Technologies (WAB) reported revenue of $3.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 17.5% on the same quarter a year earlier.
How much did Westinghouse Air Brake Technologies earn in Q2 FY2026?
Net income for Q2 FY2026 was $395 million, up 17.6% on the year, and diluted earnings per share $2.33.
When did Westinghouse Air Brake Technologies report Q2 FY2026 results?
Westinghouse Air Brake Technologies filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 22 July 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 June 2026, filed 22 July 2026: the filing.