WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP — Form 8-K
Filed July 22, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Wabtec (NYSE: WAB) reported Q2 2026 sales of $3.18B (+17.5% YoY), GAAP diluted EPS of $2.33 (+18.9%), and adjusted EPS of $2.76 (+21.6%). The company raised full-year 2026 revenue guidance to $12.30–$12.60B (from $12.19–$12.49B, +$110M midpoint) and adjusted EPS guidance to $10.60–$10.90 (from $10.25–$10.65, +$0.30 midpoint). Strong backlog of $30.93B (up 41.7% YoY) and $9.14B 12-month backlog (up 11.3%) provide visibility. Operating margins expanded: GAAP 18.9% (+1.5 pts) and adjusted 21.9% (+0.8 pts). Operating cash flow was $441M (Q2) with 82% cash conversion; H1 2026 operating cash flow $640M.
Why this rating
Strong organic and acquisition-driven growth; margin expansion; guidance raise; healthy backlog. Relative to $31.1B market cap, 2.6% raise to full-year midpoint ($110M) is modest. Results reflect execution, not major strategic shift.
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