Filing Flows › Borgwarner (BWA) › Q2 2026 › vs Q2 2025
Borgwarner (BWA) Q2 2026 vs Q2 2025 (year over year)
Borgwarner's revenue rose $10.0M (+0.3%) from $3.6B in Q2 2025 to $3.6B in Q2 2026. The biggest changes: PowerDrive Systems +$83.0M (+14%); Battery Energy Systems −$59.0M (-37%); Turbos & Thermal Technologies −$40.0M (-3%). Gross margin 19.8% against 17.6% (+2.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.8% | 17.6% | +2.2 pts |
| Operating margin | 10.1% | 7.9% | +2.2 pts |
| Net margin | 7.6% | 6.2% | +1.4 pts |
| Free cash flow margin | 13.5% | 13.9% | -0.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Drivetrain & Morse Systems | $1.4B | $1.4B | $26.0M | +2% |
| Turbos & Thermal Technologies | $1.4B | $1.5B | −$40.0M | -3% |
| PowerDrive Systems | $658M | $575M | $83.0M | +14% |
| Battery Energy Systems | $100M | $159M | −$59.0M | -37% |
| Revenue | $3.6B | $3.6B | $10.0M | +0.3% |
| Gross profit | $721M | $640M | $81.0M | +13% |
| Cost of revenue | $2.9B | $3.0B | −$71.0M | -2% |
| Operating profit | $370M | $289M | $81.0M | +28% |
| Operating expenses | $351M | $351M | $0 | 0% |
| Pre-tax earnings | $372M | $284M | $88.0M | +31% |
| Net earnings | $277M | $224M | $53.0M | +24% |
| Minority interests | $14.0M | $8.0M | $6.0M | +75% |
| Income tax | $81.0M | $52.0M | $29.0M | +56% |
| Depreciation & amortization | $149M | $179M | −$30.0M | -17% |
| Working capital & other | $160M | $157M | $3.0M | +2% |
| Operating cash flow | $586M | $579M | $7.0M | +1% |
| Free cash flow (company-reported) | $492M | $507M | −$15.0M | -3% |
| Capital expenditures, including tooling outlays, net | $94.0M | $72.0M | $22.0M | +31% |
Questions
How much did Borgwarner's revenue grow year over year in Q2 2026?
Borgwarner's revenue rose $10.0M (+0.3%) from $3.6B in Q2 2025 to $3.6B in Q2 2026.
What drove Borgwarner's revenue change in Q2 2026?
PowerDrive Systems +$83.0M (+14%); Battery Energy Systems −$59.0M (-37%); Turbos & Thermal Technologies −$40.0M (-3%).