Filing Flows › Borgwarner (BWA) › Q3 2026 › vs Q2 2026
Borgwarner (BWA) Q3 2026 vs Q2 2026 (quarter over quarter)
Borgwarner's revenue fell $161M (-4%) from $3.6B in Q2 2026 to $3.5B in Q3 2026. The biggest changes: Drivetrain & Morse Systems −$110M (-8%); Turbos & Thermal Technologies −$70.0M (-5%); PowerDrive Systems +$41.0M (+6%). Gross margin 19.0% against 19.8% (-0.8 pts).
Borgwarner, Q3 2026: revenue $3.5B (-3% year over year), operating margin 8.7%, net earnings $221M, operating cash flow $320M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 19.0% | 19.8% | -0.8 pts |
| Operating margin | 8.7% | 10.1% | -1.5 pts |
| Net margin | 6.3% | 7.6% | -1.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Turbos & Thermal Technologies | $1.4B | $1.4B | −$70.0M | -5% |
| Drivetrain & Morse Systems | $1.3B | $1.4B | −$110M | -8% |
| PowerDrive Systems | $699M | $658M | $41.0M | +6% |
| Battery Energy Systems | $78.0M | $100M | −$22.0M | -22% |
| Revenue | $3.5B | $3.6B | −$161M | -4% |
| Gross profit | $662M | $721M | −$59.0M | -8% |
| Cost of revenue | $2.8B | $2.9B | −$102M | -3% |
| Operating profit | $302M | $370M | −$68.0M | -18% |
| Operating expenses | $360M | $351M | $9.0M | +3% |
| Pre-tax earnings | $298M | $372M | −$74.0M | -20% |
| Net earnings | $221M | $277M | −$56.0M | -20% |
| Minority interests | $12.0M | $14.0M | −$2.0M | -14% |
| Income tax | $65.0M | $81.0M | −$16.0M | -20% |
| Depreciation & amortization | $153M | $149M | $4.0M | +3% |
| Working capital & other | $54.0M | −$160M | $214M | — |
| Operating cash flow | $320M | $586M | −$266M | -45% |
Questions
How much did Borgwarner's revenue grow quarter over quarter in Q3 2026?
Borgwarner's revenue fell $161M (-4%) from $3.6B in Q2 2026 to $3.5B in Q3 2026.
What drove Borgwarner's revenue change in Q3 2026?
Drivetrain & Morse Systems −$110M (-8%); Turbos & Thermal Technologies −$70.0M (-5%); PowerDrive Systems +$41.0M (+6%).