Filing Flows › Westinghouse Air Brake Technologies (WAB) › Q1 2026
Westinghouse Air Brake Technologies (WAB) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 22, 2026
Westinghouse Air Brake Technologies (WAB) reported revenue of $3.0B for the first quarter 2026 (Q1 2026), +13% from a year earlier and -0.5% from the quarter before. Operating margin was 17.5%, net earnings $362M (12.3% of revenue).
Westinghouse Air Brake Technologies, Q1 2026: revenue $3.0B (+13% year over year), operating margin 17.5%, net earnings $362M, operating cash flow $199M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -0.5% | +13% |
| Gross profit | $1.1B | +10% | +18% |
| Operating profit | $517M | +45% | +9% |
| Net earnings | $362M | +79% | +12% |
| Operating cash flow | $199M | -80% | +4% |
| Free cash flow | $153M | -82% | +4% |
What changed
Revenue was $3.0B in Q1 2026, up 13% year over year and down 1% from the previous quarter. Product was the largest line at 86% of revenue. Product added $0.37B year over year (up 17%), 110% of the total change. Services declined 8%.
Gross margin was 36.0%, up 1.5 points from Q1 2025. Operating profit was $0.52B, a 17.5% margin (down 0.6 points year over year). Of the extra revenue versus Q1 2025, 13% reached operating profit, below the 18% margin then. Operating expenses grew 28% against revenue growth of 13%. The fastest-growing cost line was SG&A (+31%). Net earnings were $0.36B, up 12% year over year. The effective tax rate was 22.6%.
Operating cash flow was $0.20B (up 4% year over year), 55% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.33B. Capital expenditures of $0.05B left free cash flow of $0.15B.
Questions
What was Westinghouse Air Brake Technologies' revenue in the first quarter 2026?
Westinghouse Air Brake Technologies (WAB) reported revenue of $3.0B for the first quarter 2026 (Q1 2026), +13% from a year earlier and -0.5% from the quarter before.
Was Westinghouse Air Brake Technologies profitable in the first quarter 2026?
Operating profit was $517M (17.5% of revenue) and net earnings $362M.
Source: Westinghouse Air Brake Technologies 10-Q on SEC EDGAR.