Filing Flows › Borgwarner (BWA) › Guidance history
Borgwarner (BWA) guidance history: what it guided and what it reported
Borgwarner gave guidance in 12 earnings releases on file since Feb 8, 2024. Of 3 guided periods since reported, it met or beat its own guidance twice (67%). Revenue: 2 of 2, on average +0.4% against the guided midpoint. Its releases raised guidance 10 times and lowered it 4 times.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $14.0B–$14.3B (May 6, 2026) → reaffirmed $14.0B–$14.3B (Aug 5, 2026) → reaffirmed $14.0B–$14.3B (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $13.6B–$14.2B (May 7, 2025) → raised $14.0B–$14.4B (Jul 31, 2025) → reaffirmed $14.1B–$14.3B (Oct 30, 2025) | $14.3B | above the range | +0.8% |
| FY2024 | $14.1B–$14.4B (Jul 31, 2024) → lowered $14.0B–$14.2B (Oct 31, 2024) | $14.1B | within the range | -0.1% |
GAAP operating margin
Met or beat 0 of 1 periods (0 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 9.8%–10.0% (Feb 11, 2026) → lowered 9.7%–9.9% (May 6, 2026) → lowered 9.6%–9.8% (Aug 5, 2026) → lowered 9.3%–9.6% (Oct 29, 2026) | — | to be reported | — |
| FY2025 | 8.3%–8.5% (Jul 31, 2025) → lowered 7.8%–7.9% (Oct 30, 2025) | 3.7% | below the range | -4.1 pts |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 10.7%–10.9% (Feb 11, 2026) → reaffirmed 10.7%–10.9% (May 6, 2026) → reaffirmed 10.7%–10.9% (Aug 5, 2026) → reaffirmed 10.7%–10.9% (Oct 29, 2026) | — | to be reported | — |
| FY2025 | 10.0%–10.2% (Feb 6, 2025) → lowered 9.6%–10.2% (May 7, 2025) → raised 10.1%–10.3% (Jul 31, 2025) → raised 10.3%–10.5% (Oct 30, 2025) | — | — | — |
| FY2024 | 9.2%–9.6% (Feb 8, 2024) → reaffirmed 9.2%–9.6% (May 2, 2024) → raised 9.6%–9.8% (Jul 31, 2024) → raised 9.8%–10.0% (Oct 31, 2024) | — | — | — |
Adjusted operating income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.5B (Feb 11, 2026) → reaffirmed $1.5B (May 6, 2026) → reaffirmed $1.5B (Aug 5, 2026) → reaffirmed $1.5B (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $1.3B (Feb 6, 2025) → lowered $1.3B (May 7, 2025) → raised $1.4B (Jul 31, 2025) → raised $1.5B (Oct 30, 2025) | — | — | — |
| FY2024 | $1.3B (Feb 8, 2024) → reaffirmed $1.3B (May 2, 2024) → raised $1.4B (Jul 31, 2024) → raised $1.4B (Oct 31, 2024) | — | — | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.6B–$1.7B (Feb 11, 2026) → reaffirmed $1.6B–$1.7B (May 6, 2026) → reaffirmed $1.6B–$1.7B (Aug 5, 2026) → reaffirmed $1.6B–$1.7B (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $1.3B–$1.4B (Feb 6, 2025) → reaffirmed $1.3B–$1.4B (May 7, 2025) → raised $1.4B–$1.4B (Jul 31, 2025) → raised $1.4B–$1.5B (Oct 30, 2025) | $1.6B (GAAP) | not judged | — |
| FY2024 | $1.3B–$1.4B (Feb 8, 2024) → reaffirmed $1.3B–$1.4B (May 2, 2024) → reaffirmed $1.3B–$1.4B (Jul 31, 2024) → reaffirmed $1.3B–$1.4B (Oct 31, 2024) | $1.4B (GAAP) | not judged | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $900M–$1.1B (Feb 11, 2026) → reaffirmed $900M–$1.1B (May 6, 2026) → reaffirmed $900M–$1.1B (Aug 5, 2026) → reaffirmed $900M–$1.1B (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $650M–$750M (Feb 6, 2025) → reaffirmed $650M–$750M (May 7, 2025) → raised $700M–$800M (Jul 31, 2025) → raised $850M–$950M (Oct 30, 2025) | $1.2B (GAAP) | not judged | — |
| FY2024 | $475M–$575M (Feb 8, 2024) → reaffirmed $475M–$575M (May 2, 2024) → reaffirmed $475M–$575M (Jul 31, 2024) → reaffirmed $475M–$575M (Oct 31, 2024) | $711M (GAAP) | not judged | — |
The latest quarter
Borgwarner, Q3 2026: revenue $3.5B (-3% year over year), operating margin 8.7%, net earnings $221M, operating cash flow $320M. The chart follows the revenue to costs, profit and cash.
Questions
Does Borgwarner beat its guidance?
Borgwarner gave guidance in 12 earnings releases on file since Feb 8, 2024. Of 3 guided periods since reported, it met or beat its own guidance twice (67%). Revenue: 2 of 2, on average +0.4% against the guided midpoint.
How often does Borgwarner raise guidance?
Its earnings releases raised guidance 10 times and lowered it 4 times since Feb 8, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.