Oshkosh FY26 Q2 adjusted EPS drops 15.8% to $2.87; net sales rise 6.7% to $2.92 billion
OSK•Q2 adjusted EPS and sales
Oshkosh FY26 Q2 adjusted EPS (non-GAAP) fell 15.8% to $2.87 as net sales rose 6.7% to $2.92 billion.
Adjusted operating income (non-GAAP) dropped 17.7% to $257.6 million; adjusted operating margin narrowed 2.7 percentage points to 8.8%.
Segment performance and outlook
Transport net sales climbed 11.9% to $536.1 million on NGDV ramp-up; operating margin eased 0.8 percentage points to 2.9%.
Access net sales increased 9.4% to $1.37 billion; adjusted operating margin narrowed 3.5 percentage points to 11.3% with backlog at $2 billion.
Oshkosh reaffirmed its 2026 outlook for revenue of about $11.2 billion, adjusted EPS of about $11, and adjusted operating income of about $1 billion.
