Westinghouse Air Brake Technologies Corporation (WAB) Earnings Call Transcripts
Westinghouse Air Brake Technologies Corporation's Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal year 2026, Westinghouse Air Brake Technologies Corporation (WAB) reported revenues of $3.2 billion, reflecting a 17.5% year-over-year increase, and adjusted EPS of $2.76, up 21.6%. The company raised its full-year revenue guidance to approximately $12.5 billion, an increase of 1 percentage point, and adjusted EPS guidance to a range of $10.60 to $10.90, indicating a 20% increase at the midpoint. The strong performance was driven by robust demand in both freight and transit segments, alongside a significant increase in backlog, which now exceeds $30 billion, up 42% year-over-year.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $3.2B (beat) |
| Adjusted EPS | $2.76 (beat) |
| Operating Margin | 21.9% (positive) |
| Backlog | $30B+ (positive) |
| Cash Flow from Operations | $441M (positive) |
| Full Year Revenue Guidance | $12.5B (positive) |
Guidance from management
WAB expects year-over-year revenue growth to temper in the second half but anticipates significant margin expansion in Q4. The company raised its full-year revenue guidance to approximately $12.5 billion and adjusted EPS guidance to a range of $10.60 to $10.90.
What management said
Yes. So Ken, as you know, in the first quarter, we raised our guidance by $15 million on Integration 3.0, and we saw the momentum and the timing of these projects at that time. And we've seen that convert certainly in the second quarter, and we would expect from our original thoughts on the year that Integration 3.0 is going to drop more goodness on the year. And again, that is part of that increase in the EPS guidan...
Yes, they are. I think this is twofold. And keep in mind, it's not just a function of North America. It's a function of international as well. These programs drive all-in average 5-plus percent advantage point on the fuel side. So very significant returns for our customers. But very customer dependent. You've got to look at the application, you got to look at how they run their fleets. But this is a program that's go...
What analysts pressed on
Analysts expressed concerns about the sustainability of organic growth, especially given the mixed carload outlook and the potential impact of inflationary pressures and tariffs on future performance. There were questions regarding the timing of backlog conversion to revenue and the overall health of the freight market moving forward.
Main topics on the call
- Revenue Growth — WAB achieved a revenue of $3.2 billion for Q2 2026, representing a 17.5% increase year-over-year, driven by strong performance in both freight and transit segments. CEO Rafael Santana stated, "We delivered a strong first...
- Earnings Performance — Adjusted EPS rose to $2.76, up 21.6% from the previous year, reflecting strong operational execution and a favorable product mix. CFO John Olin noted that earnings exceeded expectations due to "higher sales, improved gro...
- Backlog Strength — WAB's multiyear backlog now exceeds $30 billion, up 42% year-over-year, with a 12-month backlog increase of 11%. This strong backlog positions the company well for future revenue generation, as highlighted by Santana's c...
- Guidance Increase — The company raised its full-year revenue guidance to approximately $12.5 billion, reflecting an 11.5% increase from last year, and adjusted EPS guidance to a range of $10.60 to $10.90. Santana stated, "We are increasing ...
Read the full Westinghouse Air Brake Technologies Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Westinghouse Air Brake Technologies Corporation
Westinghouse Air Brake Technologies Corporation (WAB) is a publicly listed company in the Machinery industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 42 calls on record spanning February 18, 2020 to July 22, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 42 Westinghouse Air Brake Technologies Corporation earnings call transcripts on record, spanning February 18, 2020 to July 22, 2026. Based on this history, Westinghouse Air Brake Technologies Corporation reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- WAB
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Machinery
- Calls on record
- 42
- First call
- February 18, 2020
- Most recent
- July 22, 2026
- Reporting cadence
- quarterly