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The financials
Wabtec by the numbers
Wabtec (WAB) reported revenue of $3.18B in Q2 2026 (quarter ended Jun 30, 2026), up 17% from the same quarter a year earlier. That came with a gross margin of 37% and net income of $395M (12% of revenue). For the full year FY2025, revenue was $11.2B (+7.5% year on year) and net income $1.17B. Its largest product in Q2 2026 was Equipment at $737M, 25% of the disclosed total, ahead of Aftermarket at 18%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.18B | $2.71B | +17% |
| Gross profit | $1.16B | $938M | +24% |
| Operating income | $600M | $472M | +27% |
| Net income | $395M | $336M | +18% |
| Diluted EPS | $2.33 | $1.96 | +19% |
| Product | Revenue | Share |
|---|---|---|
| Equipment | $737M | 25% |
| Aftermarket | $525M | 18% |
| Service | $509M | 17% |
| OEM | $411M | 14% |
| Components | $398M | 14% |
| Digital Intelligence | $360M | 12% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $2.94B (+11%)
Digital Intelligence grew +88% year on yearComponents -0.75% year on year
Segment Latestquarter on quarteryear on year
- Equipment$737.0M$737.0MQoQ +1.5%year on year +35%+1.5%+35%
- Aftermarket$525.0M$525.0MQoQ +16%year on year +21%+16%+21%
- Service$509.0M$509.0MQoQ +21%year on year +6.0%+21%+6.0%
- OEM$411.0M$411.0MQoQ +7.9%year on year +16%+7.9%+16%
- Components$398.0M$398.0MQoQ +11%year on year -0.75%+11%-0.75%
- Digital Intelligence$360.0M$360.0MQoQ +13%year on year +88%+13%+88%