Filing Flows › Wabash National (WNC) › Q2 2026
Wabash National (WNC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Wabash National (WNC) reported revenue of $417M for the second quarter 2026 (Q2 2026), -9% from a year earlier and +38% from the quarter before. Operating margin was -6.1%, net loss $22.6M (5.4% of revenue).
Wabash National, Q2 2026: revenue $417M (-9% year over year), operating margin -6.1%, net loss $22.6M, operating cash flow $5.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $417M | +38% | -9% |
| Operating profit | −$25.3M | — | — |
| Net earnings | −$22.6M | — | — |
| Operating cash flow | $5.1M | — | — |
| Free cash flow | $3.1M | — | — |
What changed
Revenue was $417.2M in Q2 2026, down 9% year over year and up 38% from the previous quarter. New trailers was the largest line at 76% of revenue. Equipment and other lost $46.9M year over year (down 42%), 113% of the total change.
Gross margin was 3.7%, down 5.3 points from Q2 2025. Operating costs exceeded revenue by $25.3M, an operating margin of -6.1%. Operating expenses fell 12% while revenue fell 9%. The quarter ended with a net loss of $22.6M, narrower than the previous quarter's $45.2M loss.
Operating cash flow was $5.1M. Non-cash charges added back $13.6M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $12.2M. After cash payments for capital expenditures ($2.1M), free cash flow 1 as the company reports it was $3.1M.
Questions
What was Wabash National's revenue in the second quarter 2026?
Wabash National (WNC) reported revenue of $417M for the second quarter 2026 (Q2 2026), -9% from a year earlier and +38% from the quarter before.
Was Wabash National profitable in the second quarter 2026?
Operating loss was $25.3M (-6.1% of revenue) and net loss $22.6M.
Source: Wabash National 10-Q on SEC EDGAR.