Filing Flows › Borgwarner (BWA) › Q1 2026
Borgwarner (BWA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Borgwarner (BWA) reported revenue of $3.5B for the first quarter 2026 (Q1 2026), +0.5% from a year earlier and -1% from the quarter before. Operating margin was 9.5%, net earnings $242M (6.8% of revenue).
Borgwarner, Q1 2026: revenue $3.5B (+0.5% year over year), operating margin 9.5%, net earnings $242M, operating cash flow $152M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | -1% | +0.5% |
| Gross profit | $677M | -7% | +6% |
| Operating profit | $336M | — | +42% |
| Net earnings | $242M | — | +54% |
| Operating cash flow | $152M | -75% | +85% |
| Free cash flow | $13.0M | — | — |
What changed
Revenue was $3.5B in Q1 2026, up 1% year over year and down 1% from the previous quarter. Turbos & Thermal Technologies was the largest line at 41% of revenue. Drivetrain & Morse Systems added $0.06B year over year (up 5%), 344% of the total change. Battery Energy Systems declined 32%.
Gross margin was 19.2%, up 1.0 points from Q1 2025. Operating profit was $0.34B, a 9.5% margin (up 2.8 points year over year). Of the extra revenue versus Q1 2025, 550% reached operating profit, above the 7% margin then. Operating expenses fell 15% while revenue rose 1%. Net earnings were $0.24B, up 54% year over year. The effective tax rate was 22.3%.
Operating cash flow was $0.15B (up 85% year over year), 60% of net income including minority interests. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.26B. After capital expenditures, including tooling outlays, net ($0.14B), free cash flow as the company reports it was $0.01B.
Questions
What was Borgwarner's revenue in the first quarter 2026?
Borgwarner (BWA) reported revenue of $3.5B for the first quarter 2026 (Q1 2026), +0.5% from a year earlier and -1% from the quarter before.
Was Borgwarner profitable in the first quarter 2026?
Operating profit was $336M (9.5% of revenue) and net earnings $242M.
Source: Borgwarner 10-Q on SEC EDGAR.