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Get filing alertsWabash National reports Q2 loss of $(0.56)/share on $417M revenue; backlog up 14% to $956M
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
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Q2 revenue $417M (down 9% YoY), GAAP loss $(0.56)/share (adjusted $(0.53)), within guidance; gross margin 3.7%, operating loss $25M including $1.8M facility idling costs.
Exhibit 99.1 view on EDGAR → -
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Backlog rose $119M sequentially to $956M at June 30, outperforming seasonal trends and signaling improving demand conditions.
Exhibit 99.1 view on EDGAR → -
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Q3 guidance: revenue $440M–$460M, adjusted EPS $(0.50) to $(0.40); management expects sequential improvement in market conditions and financials.
Exhibit 99.1 view on EDGAR → -
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Transportation Solutions revenue fell 11% to $355M with operating loss of $14M (3.9% margin); Parts & Services grew 6% to $63M with $6M operating income (9.4% margin).
Exhibit 99.1 view on EDGAR → -
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CEO cited freight market recovery driven by supply-side forces, federal enforcement, and improving carrier economics, which should unlock capital for replacement demand.
Exhibit 99.1 view on EDGAR →
Summary
Wabash National reported second-quarter results that met guidance but reflected continued pressure in the trailer manufacturing market. The company posted a GAAP loss of $(0.56) per share on revenue of $417 million, down 9% year-over-year, with gross margin compressed to 3.7%.
The Transportation Solutions segment drove the weakness with an 11% revenue decline and operating loss, while Parts & Services provided a bright spot with 6% growth and healthy profitability. The key forward-looking signal is the $956 million backlog at quarter-end, up 14% sequentially and outperforming typical seasonal patterns.
Management sees this as evidence that the freight market recovery is taking shape, driven by improving carrier economics and federal enforcement tightening supply. Third-quarter guidance calls for revenue of $440–$460 million and an adjusted loss of $(0.40) to $(0.50) per share, implying sequential improvement. For holders, the question is whether backlog momentum and carrier profitability gains translate into sustained order growth and margin recovery in the second half of 2026.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Wabash National announced Q2 2026 financial results via press release and investor presentation.
Added in current filing · verify on EDGAR →
On July 29, 2026, Wabash National Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026.
The company disclosed its second quarter 2026 financial results through a press release and teleconference presentation. The 8-K itself does not contain specific financial figures; those details are in the attached Exhibit 99.1 press release.
Event · Exhibit 99.1
Wabash reported Q2 2026 revenue of $417M and a GAAP loss of $(0.56) per share, within guidance, while backlog rose 14% sequentially to $956M.
Added in current filing · view on EDGAR →
The Company's net sales for the second quarter of 2026 were $417.2 million, reflecting a 9.1% decrease compared to the same quarter of the previous year. The Company generated consolidated gross margin of $15 million, equivalent to 3.7% of sales. GAAP operating loss amounted to $25 million as the company recognized $1.8 million of facility idling costs. Non-GAAP adjusted operating loss was $23.5 million for the quarter. Second quarter GAAP diluted earnings per share was $(0.56) or $(0.53) on a Non-GAAP adjusted basis.
Wabash reported second-quarter revenue of $417.2 million, down 9.1% year-over-year, with a gross margin of 3.7%. The company posted a GAAP operating loss of $25 million (including $1.8 million of facility idling costs) and a GAAP diluted loss per share of $(0.56), or $(0.53) on an adjusted basis. Management noted the results were within the guidance range communicated for Q2-26.
Added in current filing · view on EDGAR →
For the third quarter of 2026, the Company guides its revenue to be in the range of $440 million to $460 million and Non-GAAP adjusted EPS to a range of $(0.50) to $(0.40).
Wabash issued third-quarter guidance with revenue expected between $440 million and $460 million (midpoint $450 million) and adjusted EPS between $(0.50) and $(0.40) (midpoint $(0.45)). Management stated that market conditions and financials are expected to improve sequentially.
Added in current filing · view on EDGAR →
During the second quarter, Transportation Solutions generated net sales of $354.7 million, a decrease of 11.4% compared to the same quarter of the previous year. Operating loss for the quarter amounted to $13.9 million, representing 3.9% of sales.
Parts & Services' net sales for the second quarter were $63.4 million, an increase of 6.1% compared to the prior year quarter. Operating income for the quarter amounted to $6.0 million, or 9.4% of sales.
Transportation Solutions revenue fell 11.4% year-over-year to $354.7 million with an operating loss of $13.9 million (3.9% margin). Parts & Services revenue grew 6.1% to $63.4 million with operating income of $6.0 million (9.4% margin). The Transportation Solutions segment faced margin pressure while Parts & Services delivered positive revenue growth and profitability.
Added in current filing · view on EDGAR →
"The second quarter continued to strengthen our conviction that the freight market recovery is taking shape. We are seeing a healthier combination of supply-side forces, safety-focused federal led enforcement and improving carrier economics. Those factors are beginning to translate into better market fundamentals" explained Brent Yeagy, President and Chief Executive Officer. "This matters because carrier profitability is what ultimately frees up capital to support increased replacement demand expenditure."
CEO Brent Yeagy stated that the freight market recovery is taking shape, driven by supply-side forces, federal enforcement, and improving carrier economics. He emphasized that carrier profitability is key to unlocking capital for replacement demand, suggesting a positive outlook for future trailer orders.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify