Jun 2026 (Q2 FY26) — Aug 5, 2026
BorgWarner Q2 FY26 — Strong Operating Performance and Increased Shareholder Returns
Read the full callBorgWarner (BWA) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
BorgWarner earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,648 | +0.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.1 | +2.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 277 | +23.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
8 of 9 judged targets kept · 43 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS | $5.00 to $5.20 per diluted share | Dec 2025 | Based on this sales and margin outlook, we are now expecting full year adjusted EPS and in the range of $5.05 to $5.30 per diluted share, which is an increase compared to our initial guidance range of $5 to $5.20 per diluted share. | Revised Up |
| Adjusted EPS | $4.05 to $4.40 per diluted share | Dec 2024 | The midpoint of this adjusted EPS guidance represents approximately a 5% increase versus our 2025 adjusted EPS and once again demonstrates our focus on consistently driving earnings expansion despite lower industry production. | Pending |
1 of BORGWARNER INC's 52 targets was missed. See which ones, and which are quietly gone. The 2 above are the free sample; 50 more targets are in the full ledger.
Claimed
- Adjusted operating margin expanded by 100 basis points to 11.3% in Q2 FY26.
- Adjusted EPS grew by 17% year-over-year to $5.05-$5.30 per diluted share (midpoint of updated guidance).
- Generated $492 million in free cash flow in Q2 FY26, supporting $250 million in share repurchases and $70 million in dividends in H1 FY26.
- Board approved a $1 billion increase to share repurchase authorization, bringing total authorization to $1.35 billion (10% of market cap).
- Secured 7 new business awards across foundational and e-products portfolios, including E-Turbo, Torque-On-Demand transfer case, and integrated drive modules.
Qualified
- Sales in the Battery Energy Systems segment declined year-over-year by $62 million due to lack of North American incentives and weaker European demand.
- Full-year 2026 organic sales change is projected to be down 3.5% to down 1.5% year-over-year, roughly in line with the market decline.
- Foreign currency benefit for full-year sales guidance was modestly lowered to $175 million compared to 2025.
Price
$58.23 +0.17% · +$0.1
Performance +36.7% 1Y
1Y: $42.59 on 17 Oct 2025 → $58.23. High $77.03 (4 Jun 2026), low $40.96 (20 Nov 2025).
- Previous close
- $58.13
- 52-week range
- $40.96 – $77.03
- One year
- +35.51%
Overview
- Symbol
- BWA
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
8 of 9 judged targets kept · 43 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS | $5.00 to $5.20 per diluted share | Dec 2025 | Based on this sales and margin outlook, we are now expecting full year adjusted EPS and in the range of $5.05 to $5.30 per diluted share, which is an increase compared to our initial guidance range of $5 to $5.20 per diluted share. | Revised Up |
| Adjusted EPS | $4.05 to $4.40 per diluted share | Dec 2024 | The midpoint of this adjusted EPS guidance represents approximately a 5% increase versus our 2025 adjusted EPS and once again demonstrates our focus on consistently driving earnings expansion despite lower industry production. | Pending |
Claimed
- Adjusted operating margin expanded by 100 basis points to 11.3% in Q2 FY26.
- Adjusted EPS grew by 17% year-over-year to $5.05-$5.30 per diluted share (midpoint of updated guidance).
- Generated $492 million in free cash flow in Q2 FY26, supporting $250 million in share repurchases and $70 million in dividends in H1 FY26.
- Board approved a $1 billion increase to share repurchase authorization, bringing total authorization to $1.35 billion (10% of market cap).
- Secured 7 new business awards across foundational and e-products portfolios, including E-Turbo, Torque-On-Demand transfer case, and integrated drive modules.
Qualified
- Sales in the Battery Energy Systems segment declined year-over-year by $62 million due to lack of North American incentives and weaker European demand.
- Full-year 2026 organic sales change is projected to be down 3.5% to down 1.5% year-over-year, roughly in line with the market decline.
- Foreign currency benefit for full-year sales guidance was modestly lowered to $175 million compared to 2025.
The full ledger
Open BORGWARNER INC’s full ledger
A free account opens 5 company ledgers a month. All 52 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
BorgWarner Q1 FY26 — Strong Operational Performance and Industrial Market Expansion
Read the full callEvery analysed call
BorgWarner earnings calls (BWA)
Financials
What the filings say
Net profit, year on year: +24% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,449 | 3,439 | 3,515 | 3,638 | 3,591 | 3,572 | 3,533 | 3,648 |
| Operating profit | 270 | -316 | 237 | 289 | 248 | -238 | 336 | 370 |
| Operating margin | 7.8% | −9.2% | 6.7% | 7.9% | 6.9% | −6.7% | 9.5% | 10.1% |
| Profit before tax | 270 | 29 | 232 | 284 | 248 | -240 | 328 | 372 |
| Tax rate | 4.8% | 231.0% | 26.3% | 18.3% | 30.2% | −0.4% | 22.3% | 21.8% |
| Net profit | 234 | -405 | 157 | 224 | 158 | -262 | 242 | 277 |
| EPS ($ per share) | 1.04 | — | 0.72 | 1.04 | 0.74 | — | 1.18 | 1.36 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 5,336 | 5,942 | 6,296 | 6,671 | 7,454 | 6,152 | 6,412 | 6,570 |
| Total liabilities | 5,750 | 10,429 | 9,305 | 9,313 | 9,486 | 8,387 | 8,287 | 8,155 |
| Fixed assets | 2,904 | 2,925 | 4,591 | 4,395 | 3,426 | 3,783 | 3,575 | 3,330 |
| Total assets | 10,095 | 9,702 | 16,029 | 16,575 | 16,994 | 14,453 | 13,993 | 13,769 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,126 | 1,008 | 1,184 | 1,306 | 1,569 | 1,397 | 1,382 | 1,648 |
| Cash from investing | -514 | -489 | -866 | -1,395 | -1,418 | — | — | — |
| Cash from financing | -383 | -420 | 437 | 286 | -567 | — | — | — |
| Net cash flow | 194 | 93 | 818 | 194 | -506 | 196 | 560 | 219 |
| Capital expenditure | -546 | -481 | -441 | -514 | -622 | -832 | -671 | -469 |
| Free cash flow | 580 | 527 | 743 | 792 | 947 | 565 | 711 | 1,179 |
BWA revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Drivetrain Morse Systems | — | 39% | 39% | 39% | 40% | 39% | 40% | 40% | +1.8% |
| Turbos Thermal Technologies | — | 40% | 41% | 41% | 40% | 39% | 41% | 39% | -2.7% |
| Power Drive Systems | — | 15% | 16% | 16% | 16% | 17% | 16% | 18% | +14.4% |
| Battery Charging Systems | — | 6% | 4% | 4% | 4% | 4% | 3% | 3% | -37.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- Europe 36%
- Asia 33% ↓ 2 pt
- North America 29% ↑ 2 pt
- Other Foreign 2% ↑ 1 pt
As BWA cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
97 filings between Nov 4, 2025 and Aug 28, 2026.
Open market
decisions to buy or sellPurchases
$500.7K
1 purchase by 1 insider
Sales
$17.65M
30 sales by 11 insiders
Compensation
not trading decisions- 45
- Award — granted as compensation
- 21
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| CALAWAY TONIT M | — | $6.89M | Aug 24, 2026 |
| Demmerle Stefan | — | $2.94M | Aug 17, 2026 |
| Fadool Joseph F. | — | $1.95M | May 13, 2026 |
| Wingfield Tania | — | $1.45M | May 11, 2026 |
| Weng Volker | — | $1.36M | May 28, 2026 |
| McKenzie Isabelle | — | $1.05M | Aug 17, 2026 |
| Farrell Paul Arthur | — | $628.3K | Mar 12, 2026 |
| Kalathur Rajesh | $500.7K | — | Aug 19, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 28, 2026 | Hanley Michael S Director | Sale | 5,000 | $327.6K |
| Aug 24, 2026 | CALAWAY TONIT M EVP, CAO, Gen Counsel & Sec | Sale | 22,000 | $1.46M |
| Aug 19, 2026 | Kalathur Rajesh Director | Purchase | 7,407 | $500.7K |
| Aug 18, 2026 | Kulikowski Amy B. VP & Chief Accounting Officer | Sale | 2,900 | $198.9K |
| Aug 17, 2026 | CALAWAY TONIT M EVP, CAO, Gen Counsel & Sec | Sale | 26,624 | $1.85M |
| Aug 17, 2026 | CALAWAY TONIT M EVP, CAO, Gen Counsel & Sec | Sale | 17,376 | $1.22M |
| Aug 17, 2026 | McAlmont Shaun Director | Sale | 7,000 | $485.5K |
| Aug 17, 2026 | McKenzie Isabelle Vice President | Sale | 4,500 | $316.8K |
| Aug 17, 2026 | Demmerle Stefan Vice President | Sale | 1,000 | $70.0K |
| Jul 1, 2026 | CALAWAY TONIT M EVP, CAO, Gen Counsel & Sec | Tax withheld | 69,014 | $4.58M |
| Jul 1, 2026 | CALAWAY TONIT M EVP, CAO, Gen Counsel & Sec | Award | 3,932 | $0 |
| Jun 5, 2026 | Shankar Sailaja Director | Sale | 5,000 | $365.4K |
| May 28, 2026 | Weng Volker Vice President | Sale | 5,000 | $361.8K |
| May 14, 2026 | Weng Volker Vice President | Sale | 5,000 | $338.5K |
| May 13, 2026 | Demmerle Stefan Vice President | Sale | 5,000 | $325.0K |
| May 13, 2026 | Fadool Joseph F. President and CEO | Sale | 29,000 | $1.95M |
| May 12, 2026 | McKenzie Isabelle Vice President | Sale | 3,500 | $221.7K |
| May 11, 2026 | Demmerle Stefan Vice President | Sale | 5,000 | $310.0K |
| May 11, 2026 | Wingfield Tania EVP & CHRO | Sale | 5,000 | $316.2K |
| May 11, 2026 | Weng Volker Vice President | Sale | 5,606 | $345.6K |
| May 8, 2026 | Demmerle Stefan Vice President | Sale | 20,000 | $1.19M |
| Apr 29, 2026 | McAlmont Shaun Director | Award | 83 | $0 |
| Apr 29, 2026 | McAlmont Shaun Director | Award | 3,228 | $0 |
| Apr 29, 2026 | Hanley Michael S Director | Award | 83 | $0 |
| Apr 29, 2026 | Hanley Michael S Director | Award | 3,228 | $0 |
| Apr 29, 2026 | MCWHINNEY DEBORAH D Director | Award | 83 | $0 |
| Apr 29, 2026 | Shankar Sailaja Director | Award | 83 | $0 |
| Apr 29, 2026 | MCWHINNEY DEBORAH D Director | Award | 3,228 | $0 |
| Apr 29, 2026 | Shankar Sailaja Director | Award | 3,228 | $0 |
| Apr 29, 2026 | Thai-Tang Hau N Director | Award | 3,228 | $0 |
| Apr 29, 2026 | MICHAS ALEXIS P Director | Award | 3,228 | $0 |
| Apr 29, 2026 | MICHAS ALEXIS P Director | Award | 83 | $0 |
| Apr 29, 2026 | Greenstein Sara A. Director | Award | 83 | $0 |
| Apr 29, 2026 | Greenstein Sara A. Director | Award | 3,228 | $0 |
| Apr 29, 2026 | Thai-Tang Hau N Director | Award | 83 | $0 |
| Mar 12, 2026 | Farrell Paul Arthur EVP & Chief Strategy Officer | Sale | 12,012 | $628.3K |
| Mar 10, 2026 | Demmerle Stefan Vice President | Sale | 2,500 | $132.6K |
| Mar 9, 2026 | CALAWAY TONIT M EVP, CAO, Gen Counsel & Sec | Sale | 14,021 | $721.5K |
| Mar 1, 2026 | Kulikowski Amy B. VP & Chief Accounting Officer | Award | 121 | $0 |
| Mar 1, 2026 | Kulikowski Amy B. VP & Chief Accounting Officer | Tax withheld | 2,153 | $123.9K |
| Feb 28, 2026 | Kulikowski Amy B. VP & Chief Accounting Officer | Tax withheld | 468 | $26.9K |
| Feb 28, 2026 | Kulikowski Amy B. VP & Chief Accounting Officer | Award | 26 | $0 |
| Feb 28, 2026 | Farrell Paul Arthur EVP & Chief Strategy Officer | Tax withheld | 3,879 | $223.3K |
| Feb 28, 2026 | Farrell Paul Arthur EVP & Chief Strategy Officer | Award | 286 | $0 |
| Feb 28, 2026 | Fadool Joseph F. President and CEO | Tax withheld | 13,836 | $796.5K |
| Feb 28, 2026 | Fadool Joseph F. President and CEO | Award | 1,018 | $0 |
| Feb 28, 2026 | Demmerle Stefan Vice President | Tax withheld | 12,972 | $746.8K |
| Feb 28, 2026 | Demmerle Stefan Vice President | Award | 953 | $0 |
| Feb 28, 2026 | CALAWAY TONIT M EVP, CAO, Gen Counsel & Sec | Tax withheld | 12,438 | $716.1K |
| Feb 28, 2026 | CALAWAY TONIT M EVP, CAO, Gen Counsel & Sec | Award | 846 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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