The strong bookings momentum and backlog growth indicate a cyclical recovery in H2 2026, but tariff costs and competitive pricing remain headwinds. Watch upcoming quarterly revenue and margin data to confirm the recovery trajectory; the stock may already be pricing in the booking improvement.
Price Chart
Executive Summary
Hyster-Yale filed a supplemental 8-K posting updated historical quarterly financial data. The accompanying earnings release (same day) showed Q2 2026 revenue of $812.9M (down 15% YoY but slightly above $804.6M consensus) and an adjusted diluted EPS loss of $(1.64), which beat the $(2.05) Street estimate by ~20%. However, the net loss widened to $(31.6M) from $(13.9M) a year ago. Bookings surged 106% YoY to $680M and backlog reached $1.58B, signaling a cyclical recovery that is expected to benefit H2 2026 shipments.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $812.9M vs consensus $804.6M (beat ~1%), down 15% YoY from $956.6M
- Adjusted diluted EPS $(1.64) vs consensus $(2.05) (beat ~20%)
- GAAP net loss $(31.6M) vs $(13.9M) in Q2 2025
- Bookings $680M, up 106% YoY and 17% sequentially (fourth consecutive quarter of growth)
- Backlog $1.58B, approaching five months of production
- Company expects moderate operating loss for full-year 2026 with improvement in H2
- Restructuring benefits on track; $35M tariff refund recorded in Q2 gross profit (non-recurring)
- Debt $500.0M, net debt $427.4M, operating cash flow $16.7M (positive after Q1 use)
Financial Impact
Revenue beat by ~$8.3M; adjusted EPS beat by ~$0.41; bookings strength points to $1.58B backlog driving future revenue
Risk Factors
- Tariff costs on steel and components remain elevated; pricing actions may not fully offset
- Customer delivery schedules shifting to later in 2026 delay revenue recognition
- Negative LTM Adjusted EBITDA and rising debt-to-capitalization (54.9%) increase financial risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001173514-26-000203 |
| Document: hy-20260804.htm | 0001173514-26-000203 |
| Document: 0001173514-26-000203-index-headers.html | 0001173514-26-000203 |
| Document: 0001173514-26-000203-index.html | 0001173514-26-000203 |
| Document: 0001173514-26-000203.txt | 0001173514-26-000203 |
| 8-K Data (Synthetic) | 0001173514-26-000203 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $29.21 | awaiting T+60 | — | $28.83 (−1.30%) |
Oct 1, 2026 25d ago | Press Release | $30.42 | awaiting T+60 | — | $28.83 (−5.23%) |
Sep 17, 2026 5w ago | Press Release | $33.29 | awaiting T+60 | — | $28.83 (−13.40%) |
Aug 12, 2026 10w ago | Press Release | $34.25 | awaiting T+60 | — | $28.83 (−15.82%) |
Aug 12, 2026 10w ago | Press Release | $34.25 | awaiting T+60 | — | $28.83 (−15.82%) |
Aug 4, 2026 11w ago | 8-K | $40.47 | awaiting T+60 | — | $28.83 (−28.76%) |
Aug 4, 2026 11w ago | 8-K | $40.47 | awaiting T+60 | — | $28.83 (−28.76%) |
Jun 17, 2026 18w ago | Insider Cluster | $37.35 $33.61 | ▼ −10.01% | ▼ −13.16% | $28.83 (−22.81%) |
Jun 17, 2026 18w ago | Insider Cluster | $37.35 $33.61 | ▼ −10.01% | ▼ −13.16% | $28.83 (−22.81%) |
May 19, 2026 22w ago | Press Release | $31.00 $34.39 | ▲ +10.94% | ▲ +4.65% | $28.83 (−7.00%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers