Filing Flows › Winnebago Industries (WGO) › Q2 FY26
Winnebago Industries (WGO) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 25, 2026
Winnebago Industries (WGO) reported revenue of $657M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and -6% from the quarter before. Operating margin was 1.8%, net earnings $4.8M (0.7% of revenue).
Winnebago Industries, Q2 FY26: revenue $657M (+6% year over year), operating margin 1.8%, net earnings $4.8M, operating cash flow −$24.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $657M | -6% | +6% |
| Gross profit | $85.6M | -4% | +3% |
| Operating profit | $11.8M | -14% | +51% |
| Net earnings | $4.8M | -13% | — |
| Operating cash flow | −$24.8M | -198% | — |
What changed
Revenue was $657.4M in Q2 FY26, up 6% year over year and down 6% from the previous quarter.
Gross margin was 13.0%, down 0.4 points from Q2 FY25. Operating profit was $11.8M, a 1.8% margin (up 0.5 points year over year). Of the extra revenue versus Q2 FY25, 11% reached operating profit, above the 1% margin then. Operating expenses fell 2% while revenue rose 6%. Net earnings were $4.8M. The effective tax rate was 11.1%.
Operating cash flow was −$24.8M. Non-cash charges added back $15.0M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $50.3M. Capital expenditures of $4.3M exceeded it, leaving free cash flow of −$29.1M.
Questions
What was Winnebago Industries' revenue in the second quarter fiscal 2026?
Winnebago Industries (WGO) reported revenue of $657M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and -6% from the quarter before.
Was Winnebago Industries profitable in the second quarter fiscal 2026?
Operating profit was $11.8M (1.8% of revenue) and net earnings $4.8M.