Filing Flows › Allison Transmission Holdings (ALSN) › Q2 2026 › vs Q2 2025
Allison Transmission Holdings (ALSN) Q2 2026 vs Q2 2025 (year over year)
Allison Transmission Holdings's revenue rose $752M (+92%) from $814M in Q2 2025 to $1.6B in Q2 2026. The biggest changes: Allison Off-Highway +$706M (—); Allison Transmission +$46.0M (+6%). Gross margin 32.9% against 49.5% (-16.6 pts).
Allison Transmission Holdings, Q2 2026: revenue $1.6B (+92% year over year), operating margin 18.6%, net earnings $181M, operating cash flow $312M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 32.9% | 49.5% | -16.6 pts |
| Operating margin | 18.6% | 31.4% | -12.9 pts |
| Net margin | 11.6% | 24.0% | -12.4 pts |
| Free cash flow margin | 17.9% | 18.8% | -0.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Allison Transmission | $860M | $814M | $46.0M | +6% |
| Allison Off-Highway | $706M | $0 | $706M | — |
| Revenue | $1.6B | $814M | $752M | +92% |
| Gross profit | $515M | $403M | $112M | +28% |
| Cost of revenue | $1.1B | $411M | $640M | +156% |
| Operating profit | $291M | $256M | $35.0M | +14% |
| Operating expenses | $224M | $147M | $77.0M | +52% |
| Pre-tax earnings | $228M | $242M | −$14.0M | -6% |
| Other expense, net | $63.0M | $14.0M | $49.0M | +350% |
| Research & development | $56.0M | $43.0M | $13.0M | +30% |
| SG&A | $168M | $104M | $64.0M | +62% |
| Net earnings | $181M | $195M | −$14.0M | -7% |
| Income tax | $47.0M | $47.0M | $0 | 0% |
| Depreciation & amortization | $85.0M | $30.0M | $55.0M | +183% |
| Share-based compensation | $10.0M | $8.0M | $2.0M | +25% |
| Working capital & other | $36.0M | −$49.0M | $85.0M | — |
| Operating cash flow | $312M | $184M | $128M | +70% |
| Free cash flow (OCF − capex) | $281M | $153M | $128M | +84% |
| Capital expenditures | $31.0M | $31.0M | $0 | 0% |
Questions
How much did Allison Transmission Holdings's revenue grow year over year in Q2 2026?
Allison Transmission Holdings's revenue rose $752M (+92%) from $814M in Q2 2025 to $1.6B in Q2 2026.
What drove Allison Transmission Holdings's revenue change in Q2 2026?
Allison Off-Highway +$706M (—); Allison Transmission +$46.0M (+6%).