EarningsQ2 2026 Earnings Report
MX:WKHS Q2 2026 EPS Results
Actual EPS-$33.78
Consensus EPS-$17.23
Beat/MissMissed by -$16.54
One Year Ago EPS-$363.94
MX:WKHS Q2 2026 Revenue Results
Actual Revenue$64.69M
Expected Revenue$96.72M
Beat/MissMissed by -$32.04M
YoY Revenue Growth-37.17%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeAfter Close
Conference CallThursday, August 13, 2026
MX:WKHS Upcoming Earnings
Workhorse Group's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced mix of operational and strategic progress — notable revenue and delivery increases (GAAP), a clear production ramp, a defined BOM cost-down program, and a new high‑growth line of business in mobile AI data centers — alongside significant near-term financial challenges: large gross losses, widening operating and net losses, elevated SG&A/R&D, and tight liquidity requiring additional borrowings. Management is on track with integration synergies and early commercial momentum, but profitability and cash-flow depend on successfully executing cost reductions, ramping production, and converting the growing pipeline into firm, funded orders over the next several quarters.Company Guidance
Quarterly Revenue and Delivery Growth (GAAP)
Q2 2026 revenue of $3.6M versus $0.8M in Q2 2025 (GAAP), an increase of ~350%; vehicle deliveries rose to 26 in Q2 2026 from 4 in Q2 2025 (a ~550% increase). (Note: pro forma combined Q2 2025 was $6.4M and 39 vehicles—comparability affected by merger.)
Production Ramp and Backlog Momentum
Company expects to produce more fully electrified Class 5/6 chassis and trucks over the next five months than any prior five-month period in company history; intends to deliver a substantial share of previously announced 100-vehicle orders from Purolator and Gateway. Sales pipeline has more than doubled since the start of 2026 (>100% growth).
On-Track Cost Synergies and Operating Leverage
Management remains on track to achieve a previously communicated $20M annualized cost synergy run rate by the end of 2026; operating expenses declined sequentially in the quarter even as production increased, indicating early operating leverage from integration.
Strategic Entry into Mobile AI Data Center Market
Announced planned entry into turnkey containerized mobile AI data centers targeting commencement of production and commercial deliveries in 2027; third-party research cited ~ $41B market by 2031. Strategy leverages existing engineering, manufacturing and Union City facility expertise and uses a partnership go-to-market model to reduce execution risk.
Product Roadmap and BOM Cost-Down Initiatives
Progress on next-generation modular chassis and powertrain: initial development prototypes for the W56 targeted for Q4 2026 and planned start of production for new chassis platform in late 2027. Active BOM cost-reduction program (design consolidation, new suppliers, Smart Hub power electronics) intended to substantially lower vehicle BOM over a multi-quarter timeline (management cites 12–18 months for material progress).
Lower Interest Expense from Debt Restructuring
Net interest expense dropped to $0.8M in Q2 2026 from $3.8M in the prior-year period (≈79% reduction), attributed to debt restructuring during the merger.
MX:WKHS 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