Filing Flows › Westinghouse Air Brake Technologies (WAB) › Q2 2026 › vs Q1 2026
Westinghouse Air Brake Technologies (WAB) Q2 2026 vs Q1 2026 (quarter over quarter)
Westinghouse Air Brake Technologies's revenue rose $229M (+8%) from $3.0B in Q1 2026 to $3.2B in Q2 2026. The biggest changes: Goods +$139M (+5%); Services +$90.0M (+21%). Gross margin 36.5% against 36.0% (+0.6 pts).
Westinghouse Air Brake Technologies, Q2 2026: revenue $3.2B (+18% year over year), operating margin 18.9%, net earnings $395M, operating cash flow $441M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 36.5% | 36.0% | +0.6 pts |
| Operating margin | 18.9% | 17.5% | +1.3 pts |
| Net margin | 12.4% | 12.3% | +0.2 pts |
| Free cash flow margin | 11.9% | 5.2% | +6.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Goods | $2.7B | $2.5B | $139M | +5% |
| Services | $509M | $419M | $90.0M | +21% |
| Revenue | $3.2B | $3.0B | $229M | +8% |
| Gross profit | $1.2B | $1.1B | $100M | +9% |
| Cost of revenue | $2.0B | $1.9B | $129M | +7% |
| Operating profit | $600M | $517M | $83.0M | +16% |
| Operating expenses | $561M | $544M | $17.0M | +3% |
| Pre-tax earnings | $518M | $469M | $49.0M | +10% |
| Other expense, net | $82.0M | $48.0M | $34.0M | +71% |
| Research & development | $70.0M | $56.0M | $14.0M | +25% |
| SG&A | $400M | $401M | −$1.0M | -0.2% |
| Other operating costs | $91.0M | $87.0M | $4.0M | +5% |
| Net earnings | $395M | $362M | $33.0M | +9% |
| Minority interests | $1.0M | $1.0M | $0 | 0% |
| Income tax | $122M | $106M | $16.0M | +15% |
| Depreciation & amortization | $143M | $139M | $4.0M | +3% |
| Share-based compensation | $28.0M | $22.0M | $6.0M | +27% |
| Working capital & other | $125M | $324M | −$199M | -61% |
| Operating cash flow | $441M | $199M | $242M | +122% |
| Free cash flow (OCF − capex) | $379M | $153M | $226M | +148% |
| Capital expenditures | $62.0M | $46.0M | $16.0M | +35% |
Questions
How much did Westinghouse Air Brake Technologies's revenue grow quarter over quarter in Q2 2026?
Westinghouse Air Brake Technologies's revenue rose $229M (+8%) from $3.0B in Q1 2026 to $3.2B in Q2 2026.
What drove Westinghouse Air Brake Technologies's revenue change in Q2 2026?
Goods +$139M (+5%); Services +$90.0M (+21%).