WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Wabtec (WAB) delivered strong Q1 2026 results with revenue up 13.0% YoY to $2.95B and net income rising 12.4% to $362M, though a sharp surge in SG&A expenses (+30.6%) and a significant increase in long-term debt (+63.2%) warrant close monitoring.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue grew 13.0% YoY from $2.61B to $2.95B in Q1 2026, reflecting strong demand across Wabtec's freight and transit segments. This top-line expansion outpaced cost of revenue growth of 10.5%, contributing to gross profit improvement of 17.9% to $1.06B.
Gross margin improved 148 basis points YoY to 35.97%, demonstrating better operational efficiency and pricing power. However, SG&A expenses surged 30.6% YoY to $401M, significantly outpacing revenue growth and compressing operating margin by approximately 64 basis points to 17.53%.
Total assets grew 21.5% YoY to $23.20B while total liabilities surged 38.7% to $12.05B, with long-term debt jumping 63.2% to $6.54B. This suggests Wabtec may have completed a significant acquisition or capital deployment activity during the quarter, materially increasing financial leverage.
Revenue
$2.95B
++13.03% YoY
EPS (Basic)
$2.12
++12.77% YoY
Gross Margin
36.0%
++1.48% YoY
Operating Income
$517M
++9.07% YoY
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