The significant Q2 guidance beat relative to consensus suggests a potential inflection point. Monitor demand trends and execution on the improved outlook; the backlog build supports recovery. Short-term volatility likely as the market digests the Q1 miss vs. Q2 optimism.
Price Chart
Executive Summary
Wabash National reported a weak Q1 2026 with revenue down 20.4% YoY to $303M and GAAP EPS of -$1.11, missing consensus. However, Q2 guidance of $380-400M revenue and -$0.40 to -$0.60 EPS came in well above Street estimates of $319M and -$1.01, while backlog rose $132M sequentially. The stark contrast between the poor quarter and optimistic guidance creates a mixed signal.
Key Financial Metrics
Key Facts
- Q1 revenue of $303.2M missed $319M consensus, down 20.4% YoY
- GAAP EPS of -$1.11 missed -$1.01 consensus; adjusted EPS -$1.17
- Gross margin was -3.5%; operating loss of $52.4M
- Q2 guidance: revenue $380-400M (mid $390M) vs $319M consensus; EPS -$0.40 to -$0.60 vs -$1.01 consensus
- Backlog increased to $837M from $705M at year-end 2025
- Operating cash flow -$33.7M; free cash flow -$37.3M
Financial Impact
Q1 revenue miss of $15.8M and EPS miss of $0.10, offset by Q2 guidance beat of ~$0.50 vs consensus
Risk Factors
- Continued soft freight demand and customer caution
- Operational inefficiencies at low volumes
- High net debt ($455M) and negative free cash flow
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3285811 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 7w ago | 8-K | $12.49 $12.55 | ▲ +0.48% | ▲ +2.23% | $14.04 (+12.41%) |
Jul 31, 2026 9w ago | 8-K | $12.56 $13.33 | ▲ +6.13% | ▲ +3.14% | $14.04 (+11.78%) |
Jul 29, 2026 9w ago | 8-K | $12.40 $12.51 | ▲ +0.89% | ▼ −4.13% | $14.04 (+13.23%) |
Jul 10, 2026 12w ago | Court Ruling | $12.90 $12.93 | ▲ +0.23% | ▼ −2.19% | $14.04 (+8.84%) |
May 14, 2026 20w ago | Press Release | $6.89 $9.71 | ▲ +40.93% | ▲ +38.81% | $14.04 (+103.77%) |
May 1, 2026 22w ago | Press Release | $7.68 $7.64 | ▼ −0.52% | ▼ −5.81% | $14.04 (+82.81%) |
US Market Status
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