From BigGo Finance · BigGo Finance · · 1m 30s
Wabtec Q3 2026 Earnings Beat
Wabtec raises full-year EPS guidance to $10.85-$11.05 as margin hits 22.9% and backlog tops $31 billion.
In brief
Wabtec raises full-year EPS guidance to $10.85-$11.05 as margin hits 22.9% and backlog tops $31 billion. Wabtec reported Q3 2026 results beating expectations with $3.12 billion revenue, $2.83 adjusted EPS, and 22.9% operating margin, raising full-year EPS guidance to $10.85-$11.05. Originally reported by BigGo Finance.
Q3 2026 Results
![[Westinghouse Air Brake Technologies Q3 2026 Earnings Call] Wabtec Lifts EPS Guidance to $10.85-$11.05 as Margin Hits 22.9%, Backlog Tops $31 Billion](https://img.biggo.com/31LHMMocRag2n_SX-Gy_Gr92TzXJ-GWBTp2p56z46lc/fit/1720/0/sm/0/aHR0cHM6Ly9pbWcuYmdvLm9uZS9uZXdzLWltYWdlL2Vhcm5pbmdzX2NhcmQvMjAyNi0xMC9VU19XQUJfMjAyNi0xMC0yMV8xNzkyNTk1OTQ1LndlYnA.webp)
Wabtec reported third-quarter 2026 results beating expectations with $3.12 billion revenue up 8.1% and adjusted EPS of $2.83 up 22%.
Margin Expansion
Adjusted operating margin expanded 1.9 percentage points to 22.9% driven by operational excellence, Integration 3.0 savings, and favorable product mix.
Segment Performance
Freight segment margin reached 26.4% while Transit hit 18.1% with both segments showing margin expansion.
Full-Year Guidance
Wabtec raised full-year adjusted EPS guidance to $10.85-$11.05, up 22% at the midpoint, while maintaining revenue guidance.
Backlog Strength
12-month backlog up 8.8% to $8.99 billion with multi-year backlog exceeding $31 billion, up 22.9%.
International Orders
Wabtec secured $1 billion in international locomotive and service orders including significant awards in Africa and Brazil.
North American Orders
Converted over $600 million of pipeline opportunities into new locomotive and modernization orders from two Class I customers.
CFO Statement
CFO John Olin called margin expansion 'very sustainable' and expects Q4 margin expansion to be higher than Q3.
“very sustainable”
Q4 Outlook
Wabtec expects adjusted EPS to be $0.20 higher than Q3 with Q4 margin expansion higher than Q3 due to diminishing tariff headwinds.
The short version
Wabtec reported Q3 2026 results beating expectations with $3.12 billion revenue, $2.83 adjusted EPS, and 22.9% operating margin, raising full-year EPS guidance to $10.85-$11.05.
