Filing Flows › Borgwarner (BWA) › Q2 2026 › vs Q1 2026
Borgwarner (BWA) Q2 2026 vs Q1 2026 (quarter over quarter)
Borgwarner's revenue rose $115M (+3%) from $3.5B in Q1 2026 to $3.6B in Q2 2026. The biggest changes: PowerDrive Systems +$77.0M (+13%); Drivetrain & Morse Systems +$32.0M (+2%); Turbos & Thermal Technologies +$8.0M (+0.6%). Gross margin 19.8% against 19.2% (+0.6 pts).
Borgwarner, Q2 2026: revenue $3.6B (+0.3% year over year), operating margin 10.1%, net earnings $277M, operating cash flow $586M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 19.8% | 19.2% | +0.6 pts |
| Operating margin | 10.1% | 9.5% | +0.6 pts |
| Net margin | 7.6% | 6.8% | +0.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Drivetrain & Morse Systems | $1.4B | $1.4B | $32.0M | +2% |
| Turbos & Thermal Technologies | $1.4B | $1.4B | $8.0M | +0.6% |
| PowerDrive Systems | $658M | $581M | $77.0M | +13% |
| Battery Energy Systems | $100M | $102M | −$2.0M | -2% |
| Revenue | $3.6B | $3.5B | $115M | +3% |
| Gross profit | $721M | $677M | $44.0M | +6% |
| Cost of revenue | $2.9B | $2.9B | $71.0M | +2% |
| Operating profit | $370M | $336M | $34.0M | +10% |
| Operating expenses | $351M | $341M | $10.0M | +3% |
| Pre-tax earnings | $372M | $328M | $44.0M | +13% |
| Net earnings | $277M | $242M | $35.0M | +14% |
| Minority interests | $14.0M | $13.0M | $1.0M | +8% |
| Income tax | $81.0M | $73.0M | $8.0M | +11% |
| Depreciation & amortization | $149M | $145M | $4.0M | +3% |
| Working capital & other | $160M | −$245M | $405M | — |
| Operating cash flow | $586M | $152M | $434M | +286% |
Questions
How much did Borgwarner's revenue grow quarter over quarter in Q2 2026?
Borgwarner's revenue rose $115M (+3%) from $3.5B in Q1 2026 to $3.6B in Q2 2026.
What drove Borgwarner's revenue change in Q2 2026?
PowerDrive Systems +$77.0M (+13%); Drivetrain & Morse Systems +$32.0M (+2%); Turbos & Thermal Technologies +$8.0M (+0.6%).