Filing Flows › Westinghouse Air Brake Technologies (WAB) › Q2 2026
Westinghouse Air Brake Technologies (WAB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 22, 2026
Westinghouse Air Brake Technologies (WAB) reported revenue of $3.2B for the second quarter 2026 (Q2 2026), +17% from a year earlier and +8% from the quarter before. Operating margin was 18.9%, net earnings $395M (12.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +8% | +17% |
| Gross profit | $1.2B | +9% | +24% |
| Operating profit | $600M | +16% | +27% |
| Net earnings | $395M | +9% | +18% |
| Operating cash flow | $441M | +122% | +111% |
| Free cash flow | $379M | +148% | +123% |
What changed
Revenue was $3.2B in Q2 2026, up 17% year over year and up 8% from the previous quarter. Goods was the largest line at 84% of revenue. Goods added $0.44B year over year (up 20%), 94% of the total change.
Gross margin was 36.5%, up 1.9 points from Q2 2025. Operating profit was $0.60B, a 18.9% margin (up 1.4 points year over year). Of the extra revenue versus Q2 2025, 27% reached operating profit, above the 17% margin then. Operating expenses grew 20% against revenue growth of 17%. The fastest-growing cost line was Research & development (+40%). Net earnings were $0.40B, up 18% year over year. The effective tax rate was 23.6%.
Operating cash flow was $0.44B (up 111% year over year), 111% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.06B left free cash flow of $0.38B.
Questions
What was Westinghouse Air Brake Technologies' revenue in the second quarter 2026?
Westinghouse Air Brake Technologies (WAB) reported revenue of $3.2B for the second quarter 2026 (Q2 2026), +17% from a year earlier and +8% from the quarter before.
Was Westinghouse Air Brake Technologies profitable in the second quarter 2026?
Operating profit was $600M (18.9% of revenue) and net earnings $395M.
Source: Westinghouse Air Brake Technologies 10-Q on SEC EDGAR.