Filing Flows › Winnebago Industries (WGO) › Q1 FY26
Winnebago Industries (WGO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Dec 19, 2025
Winnebago Industries (WGO) reported revenue of $703M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -10% from the quarter before. Operating margin was 2.0%, net earnings $5.5M (0.8% of revenue).
Winnebago Industries, Q1 FY26: revenue $703M (+12% year over year), operating margin 2.0%, net earnings $5.5M, operating cash flow $25.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $703M | -10% | +12% |
| Gross profit | $89.0M | -10% | +16% |
| Operating profit | $13.8M | -31% | — |
| Net earnings | $5.5M | -60% | — |
| Operating cash flow | $25.4M | -86% | — |
| Free cash flow | $19.8M | -88% | — |
What changed
Revenue was $702.7M in Q1 FY26, up 12% year over year and down 10% from the previous quarter.
Gross margin was 12.7%, up 0.4 points from a year earlier. Operating profit was $13.8M, a 2.0% margin (up 2.1 points year over year). Operating expenses fell 3% while revenue rose 12%. Net earnings were $5.5M. The effective tax rate was 34.5%.
Operating cash flow was $25.4M, 462% of net earnings. Non-cash charges added back $15.2M of depreciation and amortization and $4.9M of share-based compensation. Capital expenditures of $5.6M left free cash flow of $19.8M.
Questions
What was Winnebago Industries' revenue in the first quarter fiscal 2026?
Winnebago Industries (WGO) reported revenue of $703M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -10% from the quarter before.
Was Winnebago Industries profitable in the first quarter fiscal 2026?
Operating profit was $13.8M (2.0% of revenue) and net earnings $5.5M.