Filing Flows › Wabash National (WNC) › Q1 2026
Wabash National (WNC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Wabash National (WNC) reported revenue of $303M for the first quarter 2026 (Q1 2026), -20% from a year earlier and -6% from the quarter before. Operating margin was -17.3%, net loss $45.2M (14.9% of revenue).
Wabash National, Q1 2026: revenue $303M (-20% year over year), operating margin -17.3%, net loss $45.2M, operating cash flow −$33.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $303M | -6% | -20% |
| Operating profit | −$52.4M | — | -117% |
| Net earnings | −$45.2M | — | -120% |
| Operating cash flow | −$33.7M | — | — |
What changed
Revenue was $303.2M in Q1 2026, down 20% year over year and down 6% from the previous quarter. New trailers was the largest line at 68% of revenue. Equipment and other lost $50.3M year over year (down 44%), 65% of the total change.
Operating costs exceeded revenue by $52.4M, an operating margin of -17.3%. The quarter ended with a net loss of $45.2M, narrower than the previous quarter's $50.0M loss.
Operating cash flow was −$33.7M. Non-cash charges added back $15.0M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $6.6M. Capital expenditures of $3.4M exceeded it, leaving free cash flow of −$37.1M.
Questions
What was Wabash National's revenue in the first quarter 2026?
Wabash National (WNC) reported revenue of $303M for the first quarter 2026 (Q1 2026), -20% from a year earlier and -6% from the quarter before.
Was Wabash National profitable in the first quarter 2026?
Operating loss was $52.4M (-17.3% of revenue) and net loss $45.2M.
Source: Wabash National 10-Q on SEC EDGAR.