The raised guidance and strong free cash flow signal accelerating profitability post-Micro Bird acquisition. Watch for further margin expansion in H2 as synergies materialize and tariff mitigation continues.
Price Chart
Executive Summary
Blue Bird reported Q2 FY2026 GAAP diluted EPS of $0.90, beating consensus of $0.86 by 4.7%, while revenue declined 1.7% YoY to $352.6M due to fewer production days. The company raised full-year revenue guidance to $1.75B and Adjusted EBITDA guidance to $245M, reflecting strong margins, free cash flow of $39.9M, and the closing of the Micro Bird acquisition.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $0.90 vs $0.86 consensus (beat by 4.7%)
- Revenue $352.6M, down 1.7% YoY (2,148 units vs 2,295)
- Adjusted EBITDA $50.8M, margin 14.4% (up from 13.7% YoY)
- Free cash flow $39.9M vs $18.7M YoY
- FY2026 guidance raised: revenue to $1.75B, Adj. EBITDA to $245M
- Micro Bird acquisition closed April 1, 2026; $2.7M pretax costs in Q2
- Cash balance $275.9M, no revolver debt
Financial Impact
FY2026 revenue guidance raised by $250M to $1.75B; Adj. EBITDA guidance raised by $20M to $245M
Risk Factors
- Tariff exposure on imported inventory could pressure margins
- Integration of Micro Bird may incur additional costs
- Unit sales decline due to production calendar may persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001589526-26-000028 |
| Document: blbd-20260506.htm | 0001589526-26-000028 |
| Document: 0001589526-26-000028-index-headers.html | 0001589526-26-000028 |
| Document: 0001589526-26-000028-index.html | 0001589526-26-000028 |
| Document: 0001589526-26-000028.txt | 0001589526-26-000028 |
| 8-K Data (Synthetic) | 0001589526-26-000028 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | SC 13G | $57.12 | awaiting T+20 | — | $58.04 (+1.61%) |
Oct 6, 2026 20d ago | 8-K | $57.19 | awaiting T+20 | — | $58.04 (+1.50%) |
Aug 8, 2026 11w ago | Institutional Cluster | $65.33 $63.95 | ▼ −2.11% | ▼ −1.20% | $58.04 (−11.16%) |
May 18, 2026 23w ago | 8-K | $64.65 $73.35 | ▲ +13.46% | ▲ +12.47% | $58.04 (−10.22%) |
May 6, 2026 24w ago | 8-K | $70.84 $72.43 | ▲ +2.24% | ▼ −0.89% | $58.04 (−18.07%) |
Apr 2, 2026 29w ago | 8-K | $58.63 $64.11 | ▲ +9.35% | ▼ −0.53% | $58.04 (−1.01%) |
US Market Status
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