Want to see DAN full AI Analyst Report?
EarningsQ2 2026 Earnings Report
DAN Q2 2026 EPS Results
Actual EPS$0.19
Consensus EPS$0.70
Beat/MissMissed by -$0.51
One Year Ago EPS$0.19
DAN Q2 2026 Revenue Results
Actual Revenue$2.01B
Expected Revenue$1.93B
Beat/MissBeat by +$76.35M
YoY Revenue Growth+3.88%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
DAN Upcoming Earnings
Dana Incorporated's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DAN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong operational execution: revenue and adjusted EBITDA growth in Q2, a sizable margin expansion (+270 bps), meaningful cost savings delivery, stronger free cash flow conversion, active share repurchases and clear strategic rationale and synergy targets for the Eaton Mobility transaction. Near-term negatives include a lowered full-year EPS outlook due to higher D&A, higher near-term interest and weaker China JV earnings, a one-time $20M union signing bonus, commodity timing headwinds, and elevated capex and remaining stranded costs. On balance, the operational and strategic positives (revenue/EBITDA growth, cash flow improvement, clear synergy targets, and resumed buybacks) outweigh the near-term earnings and timing headwinds.Company Guidance
Quarterly Revenue and Profit Strength
Q2 sales of $2.01 billion (up ~$75 million or ~3.9% YoY from $1.94B) and adjusted EBITDA of $207 million (up ~$60M or ~40.8% YoY), delivering a 10.3% adjusted EBITDA margin, an expansion of 270 basis points versus Q2 2025.
Margin Expansion and Earnings Improvement
Adjusted net income improved to $21 million from $4 million year-over-year and diluted adjusted EPS increased to $0.19 from $0.03 in Q2; net interest expense declined 59% YoY to $17 million, supporting improved profitability and leverage.
Cash Flow and Balance Sheet Progress
Generated $68 million of adjusted free cash flow in Q2, a YoY improvement of $75 million. Full-year adjusted free cash flow guidance raised to ~$325 million (midpoint), up $25 million from prior guidance; adjusted EBITDA full-year guidance raised to ~$825 million (midpoint) and sales guidance raised by ~$225 million to ~$7.75 billion (midpoint).
Cost Savings and Productivity Delivery
Q2 cost savings of $19 million and year-to-date savings of $54 million; on track to realize $65 million in 2026 and to meet the broader $325 million program. Management notes over $310 million delivered toward improved profit from cost initiatives to date.
Active Share Repurchases and Capital Return
Repurchased 1.2 million shares in Q2, returning $44 million. Year-to-date repurchases of $169 million and program-to-date repurchases of $819 million through Q2. Company plans an additional $200 million of repurchases for the remainder of the calendar year and expects to complete $2 billion of the authorization by 2029 (accelerated timeline due to the Eaton transaction).
Strategic Eaton Mobility Transaction Progress
Eaton Mobility combination progressing; structure updated to a split-off (tax-free to shareholders) with closing expected in Q1 2027. Management projects combined 2026 aftermarket sales of ~$1.7 billion (~16% of total, ~4 percentage points higher than stand-alone Dana) and pro forma synergized 2026 net leverage of ~1.4x.
Clear Synergy Plan
Identified at least $250 million of run-rate cost synergies within 24 months post-close (targeting ~$75M in year 1 and ~$200M by year 2, exiting year 2 at $250M run-rate). Estimated cash cost to achieve synergies < $250 million with payback < 2 years.
Dana 2030 Growth Momentum — Aftermarket and Applied Technologies
Progress on Dana 2030 growth pillars: aftermarket expansion (new retail/channel work expected to add ~$40M in sales from national retail chains and VIPAR partnership to add ~$10–15M), and Applied Technologies (defense-related opportunities and rapid prototyping expected to contribute ~$30M in new sales). Customer recognition cited for quality, delivery and collaboration.
Program and Launch Readiness
Preparation for program ramps (e.g., Ford Oakville Super Duty capacity) with low-volume ramp starting imminently and more meaningful volumes expected toward year-end; capex is being deployed to support new program launches and automation.
DAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed