The financials
Wabtec by the numbers
Wabtec (WAB) reported revenue of $3.18B in Q2 2026 (quarter ended June 30, 2026), up 17% from the same quarter a year earlier. That came with a gross margin of 37% and net income of $395M (12% of revenue). For the full year FY2025, revenue was $11.2B (+7.5% year on year) and net income $1.17B. Its largest product in 2026-Q1 was Equipment at $726M, 27% of the disclosed total, just ahead of Aftermarket at 17%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.18B | $2.71B | +17% |
| Gross profit | $1.16B | $938M | +24% |
| Operating income | $600M | $472M | +27% |
| Net income | $395M | $336M | +18% |
| Diluted EPS | $2.33 | $1.96 | +19% |
| Product | Revenue | Share |
|---|---|---|
| Equipment | $726M | 27% |
| Aftermarket | $454M | 17% |
| Service | $419M | 16% |
| OEM | $381M | 14% |
| Components | $357M | 13% |
| Digital Intelligence | $318M | 12% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $2.65B (+2.0%)
Digital Intelligence grew +76% year on yearService -7.5% year on year
Segment Latestquarter on quarteryear on year
- Equipment$726.0M$726.0MQoQ +7.2%year on year +53%+7.2%+53%
- Aftermarket$454.0M$454.0MQoQ +6.6%year on year +17%+6.6%+17%
- Service$419.0M$419.0MQoQ -9.1%year on year -7.5%-9.1%-7.5%
- OEM$381.0M$381.0MQoQ +3.8%year on year +18%+3.8%+18%
- Components$357.0M$357.0MQoQ -4.8%year on year -6.3%-4.8%-6.3%
- Digital Intelligence$318.0M$318.0MQoQ +7.1%year on year +76%+7.1%+76%