The GAAP EPS miss is severe but likely a non-cash amortization artifact from the Shyft acquisition — focus on the order backlog growth (+20%) and Adj. EBITDA trajectory (+22%) which support the confirmed guidance. Watch for Q3 revenue conversion as backlog translates to sales; the leverage guidance tweak (now '2.0x or slightly above') suggests temporary working capital investment but remains deleveraging vs 3.28x a year ago.
Price Chart
Executive Summary
Aebi Schmidt reported Q2 2026 net sales of $496M (+9% YoY) and net income of $10.5M (vs -$7.9M loss a year ago), but GAAP EPS of $0.01 missed the $0.14 consensus by -92.7%. The strong operational turnaround (Adjusted EBITDA +22% to $42.1M, leverage down to 2.72x) is overshadowed by the massive EPS miss, though the company confirmed full-year guidance of $1.95B-$2.15B revenue and $175M-$195M Adjusted EBITDA. The stock likely trades on the strong order backlog (+20% to $1.28B) and profitability inflection rather than the GAAP EPS miss, which appears distorted by acquisition-related amortization and integration costs.
Key Financial Metrics
Key Facts
- Q2 2026 Net Sales $496M, +9% YoY
- Net Income $10.5M vs -$7.9M loss in Q2 2025
- Adjusted EBITDA $42.1M, +22% YoY, margin 8.5%
- Order Backlog $1,279M, +20% YoY
- Order Intake $516M, +16% YoY
- Net Debt Leverage improved to 2.72x from 3.28x YoY
- Full-year 2026 guidance confirmed: Net Sales $1.95B-$2.15B, Adj. EBITDA $175M-$195M
- GAAP EPS $0.01 missed consensus $0.14 by -92.7%
Financial Impact
EPS miss of -92.7% vs consensus ($0.01 actual vs $0.14 estimate) but operational metrics show strong improvement with Adj. EBITDA +22% and leverage reduction
Risk Factors
- GAAP EPS miss of -92.7% could trigger short-term selling pressure from momentum/quant strategies
- Leverage guidance slightly softened to '2.0x or slightly above' from prior target
- Tariff and geopolitical uncertainty cited as guidance assumptions
- Integration costs and acquisition-related amortization continue to depress GAAP earnings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3344334 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 10w ago | Press Release | $13.69 | awaiting T+60 | — | $11.21 (−18.12%) |
Jul 13, 2026 15w ago | 8-K | $11.89 $11.32 | ▼ −4.79% | ▼ −8.79% | $11.21 (−5.72%) |
Jul 13, 2026 15w ago | Press Release | $11.89 $11.32 | ▼ −4.79% | ▼ −8.79% | $11.21 (−5.72%) |
May 26, 2026 21w ago | Insider Cluster | $12.78 $11.91 | ▼ −6.83% | ▼ −8.71% | $11.21 (−12.31%) |
May 21, 2026 22w ago | Press Release | $11.84 $12.40 | ▲ +4.77% | ▲ +0.47% | $11.21 (−5.29%) |
May 19, 2026 22w ago | Insider Cluster | $12.26 $12.71 | ▲ +3.67% | ▼ −1.33% | $11.21 (−8.56%) |
May 19, 2026 22w ago | Insider Cluster | $12.23 $12.71 | ▲ +3.88% | ▼ −1.12% | $11.21 (−8.38%) |
May 14, 2026 23w ago | 8-K | $11.13 $12.75 | ▲ +14.59% | ▲ +11.00% | $11.21 (+0.75%) |
Apr 10, 2026 28w ago | 8-K | $12.21 $11.40 | ▼ −6.63% | ▼ −15.56% | $11.21 (−8.19%) |
Apr 10, 2026 28w ago | DEFA14A | $12.21 $11.40 | ▼ −6.63% | ▼ −15.56% | $11.21 (−8.19%) |
US Market Status
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