EarningsQ2 2026 Earnings Report
MX:OSK Q2 2026 EPS Results
Actual EPS$52.51
Consensus EPS$48.04
Beat/MissBeat by +$4.46
One Year Ago EPS$62.38
MX:OSK Q2 2026 Revenue Results
Actual Revenue$53.33B
Expected Revenue$51.29B
Beat/MissBeat by +$2.04B
YoY Revenue Growth+6.70%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
MX:OSK Upcoming Earnings
Oshkosh's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:OSK Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mix of encouraging operational and financial metrics (revenue growth, a large improvement in free cash flow, Access strength, transport/NGDV momentum, defense awards and strong backlog) alongside execution and timing challenges (fire-truck production transition, a downward EPS tweak of roughly $0.50, margin pressure from mix/tariffs, and near-term Q3 risk). Management emphasized confidence in long-term 2028 targets and described investments and transformation that should improve throughput and margins over 2027–2028, but near-term execution issues and mix/tariff impacts temper the positive elements.Company Guidance
Consolidated Revenue Growth
Consolidated sales of $2.9 billion in Q2, up $183 million or 6.7% year-over-year, driven by improved sales volume and pricing.
Strong Free Cash Flow and Capital Allocation
Free cash flow of $348 million in Q2 versus $49 million a year ago (approximately +610%), and $92 million of share repurchases (≈667,000 shares) during the quarter; full-year free cash flow guidance maintained at $550 million–$650 million.
Access Segment Momentum
Access sales of $1.4 billion, up 9.4% YoY; achieved double-digit adjusted operating margin of 11.3%; orders of $1.5 billion in the quarter (book-to-bill of 1.1) and backlog of ~$2 billion; company now expects full-year Access revenue to grow vs. 2025 (revised from a prior modest decline).
Transport Segment Growth and NGDV Progress
Transport sales of $536 million, up $57 million or 12% YoY; delivery vehicle revenue up materially (delivery represented nearly half of transport sales and grew >20% sequentially vs. Q1); NGDV fleet surpassed 35 million miles and company expects an additional NGDV order (planning assumption in Q4).
Defense Order Wins and Momentum
Received notable defense orders during the quarter including ~$142 million for the FMTV A2 program and ~$92 million supporting the USMC ROGUE-Fires platform; increased international interest demonstrated at Eurosatory; company describes growing defense momentum.
Operational Modernization Initiatives
Company is implementing manufacturing transformation (material flow and high-flow production lines) across vocational/fire apparatus operations and other plants to improve throughput and position for 2027–2028 growth.
Product and Technology Innovation
Ongoing investment and product traction in new products and technologies (micro-sized scissor lift, ClearSky Smart Fleet connectivity, testing autonomous AI-enabled ground support robot) highlighted as growth drivers across access, airport, transport and defense markets.
MX:OSK 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