Shares of Micron Technology (NASDAQ:MU | MU Price Prediction) are down by about 7% to $1,004 in mid-morning trading on Thursday, June 4, after Broadcom (NASDAQ:AVGO) delivered an AI chip outlook that markets viewed as underwhelming. Broadcom shares are down 14% to $411 and change.
The drop comes despite no Micron-specific news. It’s evidently a sympathy move tied to Broadcom’s post-earnings reaction, which has pulled the entire memory and AI chip complex lower into late morning.
The Broadcom stock slump is a trigger for today’s broad semiconductor reset. The AI capex narrative that powered MU stock’s parabolic run is being repriced in real time.
Broadcom’s AI Guidance Miss Sparks the Selloff Broadcom beat on the headline numbers. The company’s Q2 FY2026 non-GAAP EPS came in at $2.44 vs. $2.40 expected, and revenue hit $22.19 billion vs. $22.12 billion expected. Also, Broadcom’s AI semiconductor revenue surged 143% year over year to $10.8 billion.
However, the forward guidance is where sentiment cracked. Broadcom projected third-quarter AI chip sales of $16 billion, below analysts’ estimates of $17.2 billion, and notably did not raise its 2026 AI semiconductor sales forecast.
Broadcom CEO Hock Tan stated, “The momentum continues and in Q3 we expect semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion.” The figure was strong, yet it sat below whisper expectations for hyperscaler AI orders, and that’s the gap that traders are punishing.
Contagion Spreads Across Memory and AI Names Micron stock is collateral damage today. As a key supplier of high-bandwidth memory (HBM) for AI accelerators, MU stock trades in lockstep with AI capex sentiment, and Broadcom’s softer-than-hoped guide reset the bar for the entire complex.
The selloff extended across the memory group. SanDisk (NASDAQ:SNDK) stock is off 3%, and Western Digital (NASDAQ:WDC) stock is down 2%. CrowdStrike (NASDAQ:CRWD) stock is also lower after its own earnings, reinforcing a risk-off tone toward extended AI winners.
Micron stock’s pullback follows a parabolic run. The stock is up 865% over the past year over the past year despite today’s sell-off. Stretched names tend to get hit the hardest when sentiment turns, and that’s apparently what’s playing out.
The Demand Story Versus the Tape Micron’s fundamentals haven’t changed today. The company’s most recent quarter (Q1 FY2026) showed revenue of $13.64 billion, up 57% year over year, with Cloud Memory revenue nearly doubling to $5.28 billion at 66% gross margins. Micron Technology CEO Sanjay Mehrotra has pointed to HBM order books stretching into 2027.
At the same time, Polymarket’s same-day market is pricing a 98% probability that MU closes lower today, while the modal week-end outcome sits near $1,020 at a 42% probability. The crowd reads this as overdone rather than broken, though it expects stabilization, not a sharp snap back.
The honest framing is straightforward. The AI memory demand story remains intact, but parabolic charts carry sharp pullback risk whenever the macro AI capex narrative wobbles, and today is a textbook example.
What to Watch Next Investors can watch for whether sector sentiment stabilizes into the close, particularly around hyperscaler capex commentary from Broadcom’s competitors and customers. The $890 area has emerged as a key support zone in the prediction markets, with a 97% probability of holding by week-end.
Careful investors may want to size their positions with this kind of two-way volatility in mind. Micron’s next earnings update and any incremental HBM commentary from hyperscalers could reset the narrative quickly, in either direction.
During the first quarter of 2026, the Financials and Industrials sectors contributed to relative performance while Consumer Discretionary and Energy were among sectors that detracted from relative performance. Western Digital has structurally shifted toward cloud customers as consumer exposure has declined, with cloud representing the majority of Western Digital's revenue. Nebius Group announced a landmark multi-year infrastructure agreement with a major AI hyperscaler, significantly expanding its contracted backlog and validating its platform at scale.
Memory and storage names are leading the tape in early Monday trading, snapping back hard from Friday’s brutal selloff. Micron Technology (NASDAQ:MU | MU Price Prediction) stock is up 8% to $935, while Western Digital (NASDAQ:WDC) and SanDisk (NASDAQ:SNDK) are also rallying sharply.
The bounce arrives without a fresh fundamental catalyst, and it looks technical in nature. The trio is recovering only a portion of the ground lost on Friday, June 5, when the so-called “Parabolic 7” trade violently unwound across the AI infrastructure complex.
Friday’s closing prints were harsh across the memory names, with MU stock leading the declines, having dropped 13% to $864.01.
A Snap-Back, Not a New Catalyst There’s no fresh news item driving Micron, Western Digital, or SanDisk shares higher this morning. The setup looks like classic mean reversion after a sentiment-driven flush in the parabolic memory complex. Short-term traders appear to be covering shorts and re-entering long exposure at lower prices.
The “Parabolic 7” framing captures the broader issue. These names had rallied so aggressively into late May that any tape weakness could trigger forced selling from leveraged accounts. That dynamic appears to have exhausted itself over the weekend, setting up Monday’s rebound in Micron, Western Digital, and SanDisk shares.
Analyst Targets and Earnings Backdrop The fundamental story behind memory hasn’t broken. Western Digital’s most recent results showed fiscal Q3 2026 revenue of $3.34 billion, a 45% year over year (YoY) increase, and EPS of $2.72, up 97% YoY. Hyperscaler demand for high-capacity storage continues to drive that strength.
On the analyst side, SanDisk has drawn aggressive target hikes. Morgan Stanley raised its price target on SanDisk to $1,750, while Susquehanna pushed its target to $3,250. Those calls reflect Wall Street’s read on tight NAND supply and premium AI-era pricing.
Micron’s upcoming earnings report is the key dated catalyst for the group. Investors are looking for confirmation that AI-era HBM and DRAM demand remains intact, and management commentary on bookings could shape the next leg for Western Digital and SanDisk as well.
Volatile Names Coming Off Parabolic Runs Investors should weigh today’s bounce against the recent volatility profile of these tickers. Micron, Western Digital, and SanDisk shares have moved in lockstep with the broader AI infrastructure trade, and sharp rebounds after steep selloffs don’t always extend into sustained recoveries. Position sizing matters more than usual in this group.
The prediction market crowd is mixed on Micron. A Polymarket contract on the same-day close prices in 88% odds that MU stock finishes higher today, yet next-day sentiment for June 9 sits at a neutral 50%. The crowd sees a bounce in MU stock, not necessarily a trend reversal.
Reddit’s tone has whipsawed alongside the price action. Micron’s r/WallStreetBets sentiment swung from a bearish 36 reading Friday morning to a bullish 68 by Monday’s pre-market window. That kind of emotional swing can drive intraday volatility.
What to Watch The first test for Micron, Western Digital, and SanDisk is whether buyers can hold these levels into the close. A weak finish could suggest larger funds are fading the bounce and continuing to reduce exposure to the AI memory complex.
Beyond today, the next major catalyst is Micron’s upcoming earnings release. Management’s commentary on HBM bookings, DRAM pricing, and hyperscaler capex will set the tone for the entire storage group, with Western Digital and SanDisk likely to trade in sympathy.
The takeaway is straightforward. Today’s pop in Micron, Western Digital, and SanDisk repairs part of Friday’s damage, but it doesn’t end the volatility regime these names have been trading in. Watch for whether the group can build through midday and close near its highs.
Western Digital is one of the latest memory stocks to surge because of AI-related demand. No doubt, the sector is booming -- but can the stock's explosive rally stand the test of time?
Western Digital (WDC - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this maker of hard drives for businesses and personal computers have returned +2.2% over the past month versus the Zacks S&P 500 composite's +0.2% change. The Zacks Computer- Storage Devices industry, to which Western Digital belongs, has gained 9.8% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Western Digital is expected to post earnings of $3.28 per share, indicating a change of +97.6% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $10.02 points to a change of +103.3% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $17.19 indicates a change of +71.6% from what Western Digital is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Western Digital is rated Zacks Rank #1 (Strong Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Western Digital, the consensus sales estimate for the current quarter of $3.69 billion indicates a year-over-year change of +41.5%. For the current and next fiscal years, $12.87 billion and $17.32 billion estimates indicate -3.1% and +34.6% changes, respectively.
Last Reported Results and Surprise HistoryWestern Digital reported revenues of $3.34 billion in the last reported quarter, representing a year-over-year change of +45.5%. EPS of $2.72 for the same period compares with $1.36 a year ago.
Compared to the Zacks Consensus Estimate of $3.24 billion, the reported revenues represent a surprise of +3.12%. The EPS surprise was +12.86%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Western Digital is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Western Digital. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
Western Digital (WDC - Free Report) ended the recent trading session at $490.23, demonstrating a -5.31% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
Shares of the maker of hard drives for businesses and personal computers witnessed a gain of 5.93% over the previous month, beating the performance of the Computer and Technology sector with its loss of 0.74%, and the S&P 500's loss of 0.03%.
The upcoming earnings release of Western Digital will be of great interest to investors. The company is expected to report EPS of $3.28, up 97.59% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.69 billion, up 41.47% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.02 per share and a revenue of $12.87 billion, indicating changes of +103.25% and -3.1%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Western Digital. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Western Digital is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Western Digital is currently trading at a Forward P/E ratio of 51.67. This indicates a premium in contrast to its industry's Forward P/E of 22.01.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 20, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Shares of SanDisk (NASDAQ:SNDK | SNDK Price Prediction) are up 14% to roughly $1,873 in midday trading Thursday, while Western Digital (NASDAQ:WDC) stock is climbing 6% to around $520. The bounce snaps a rough stretch for memory and storage names that had pulled back hard from last week’s highs.
Both moves arrive alongside a broader rebound across the memory complex. The group had been beaten up over the past several sessions, with names in the sector down 18% from the peak heading into Thursday. WDC stock dropped 17% during the same stretch.
Today’s catalyst for SanDisk and Western Digital centers on a long-term capacity announcement out of South Korea that has reignited the AI-storage trade. These remain intraday moves and could certainly reverse in the coming sessions.
SK Hynix Capacity Plan Fuels the Memory Bounce SK Group Chairman Chey Tae-won reported that SK Hynix plans to roughly double its wafer capacity within five years and triple it by around 2034 to keep pace with surging demand. Some industry observers think even that may not be enough to meet AI-driven memory needs. That framing reads as a structural positive for NAND, DRAM, and HDD suppliers alike.
SanDisk benefits via NAND flash, where pricing power has expanded sharply. The company’s most recent quarter showed revenue of $5.95 billion, up 251% year over year, with gross margin of 78% versus 23% a year earlier. Moreover, SanDisk’s Datacenter revenue alone surged 645% to $1.47 billion, underscoring the AI infrastructure tailwind.
Western Digital is positioned in HDDs that increasingly anchor AI data-center storage tiers. The company posted non-GAAP EPS of $2.72 vs. $2.39 expected on revenue of $3.34 billion, up 46% year over year. Western Digital CEO Irving Tan recently stated, “Virtually every AI workload, from training, inference, agentic AI to physical AI, creates data that is stored persistently and cost-efficiently on HDDs.”
SanDisk CEO David Goeckeler echoed the durability theme, declaring the latest quarter “a fundamental inflection point” driven by mix shift toward datacenter customers. The company also retired $650 million in debt, reaching a zero long-term debt position.
Peers Snap Back as the Macro Mood Improves The memory rebound also rides on a steadier macro tape. Wednesday’s 2% drop in the S&P 500 came amid renewed U.S.-Iran tensions, including fresh strikes near the Strait of Hormuz and Tehran declaring the waterway closed. With U.S. futures higher Thursday, risk-on flows have returned to high-beta AI names.
Buy-the-dip behavior is showing up across the memory group. Micron Technology (NASDAQ:MU) Micron Technology stock is up 9% alongside the SanDisk and WDC moves, signaling this is a sector-wide reaction rather than a single-name story. SanDisk stock had rallied 592% year to date through Wednesday’s close, so sharp two-way moves come with the territory.
Retail sentiment offers a contrarian wrinkle. Stocktwits sentiment on SanDisk and Western Digital had been bearish heading into today’s pop, even as the WallStreetBets community pivoted hard the other way. Reddit sentiment scores on SNDK stock hit 82, classified as “Very Bullish,” in the hours leading into the open.
What to Watch Now The next share-price move could depend on whether SanDisk stock holds above $1,800 and whether WDC stock can stay above $520. Sharp bounces frequently follow sharp drops in these names, so follow-through matters here.
The geopolitical backdrop remains a live variable for SanDisk and Western Digital. Any escalation around the Strait of Hormuz, with WTI crude oil currently at $87.54 per barrel, could pull risk appetite back out of memory just as quickly as it returned today. The April oil-price spike to $114.58 is a reminder of how fast the energy backdrop can shift.
Investors may also watch for follow-on commentary from peers in the memory complex. Confirmation of the SK Hynix capacity narrative from rival suppliers, or fresh hyperscaler order data, could extend the move. For now, SanDisk stock and Western Digital stock have reclaimed the AI-storage momentum trade, at least until the next macro or company-specific headline lands.
Key Takeaways Western Digital unveiled AI-focused storage solutions and platforms at Computex 2026.WDC highlighted Ultrastar Data 3000 JBOD with cooling, SAS-4 connectivity and scalability.AI data growth is driving focus on storage architectures that improve efficiency and reliability. At Computex 2026, held from June 2 to June 5, Western Digital Corporation (WDC - Free Report) showcased how next-generation storage solutions are becoming critical to the success of AI infrastructure. With enterprises racing to deploy AI models, autonomous agents and intelligent applications, WDC is positioning itself as a strong contender in the AI ecosystem. Its latest innovations highlight the growing importance of scalable, efficient and cost-effective storage architectures in supporting the rapidly expanding AI economy.
Western Digital demonstrated its Ultrastar HDD portfolio, featuring technologies such as UltraSMR, ePMR and HAMR. Apart from individual drives, it showcased a range of platform solutions designed for cloud providers, AI companies, neo-cloud operators and high-performance HPC environments, including Ultrastar Data Series JBOD systems, OpenFlex EBOF and RapidFlex NVMe-oF controllers. These platforms help organizations optimize capacity, improve performance, reduce infrastructure complexity and accelerate deployment timelines.
A key highlight is the Ultrastar Data 3000 JBOD platform, built for large-scale AI workloads. It features ArcticFlow cooling, IsoVibe vibration isolation, 24 Gb/s SAS-4 connectivity and enhanced scalability. These innovations can cut drive return rates by up to 62%, boosting reliability and efficiency. As AI datasets grow, the platform's higher bandwidth and stability could provide it with a solid competitive edge. In addition to enterprise and AI-focused solutions, Western Digital is displaying its broader storage portfolio, including WD Gold enterprise drives, WD Red NAS solutions, WD Purple surveillance storage and G-DRIVE external storage systems for creators. These products strengthen its strategy of a broad spectrum of modern data ecosystem, from consumer content creation to hyperscale AI deployments.
While competition remains intense from storage bigshots like Seagate Technology Holdings plc (STX - Free Report) and SanDisk (SNDK - Free Report) , WDC’s strategic focus on AI-related data growth could expand long-term opportunities.
How Competitive is WDC in the AI Storage Arena?Seagate is well poised to gain from AI-led storage demand, a robust technology roadmap anchored in Mozaic and HAMR and disciplined execution focused on converting demand into profitable growth and long-term value creation. In April 2026, it introduced a lineup of new and updated storage solutions for consumers and professional users under its Seagate, FireCuda, and LaCie brands. These include the Seagate One Touch desktop external hard drive, the FireCuda X Vault hard drive, and the LaCie 8big Pro5 multi-bay RAID storage system. In March, Seagate introduced its Mozaic 4+ platform, a breakthrough storage technology built on HAMR.
Sandisk is benefiting from AI-led demand that is lifting enterprise SSD adoption and supporting pricing across NAND end markets. In February 2026, SNDK launched its next generation of portable SSD portfolio through a three-tier lineup designed to support larger file sizes, AI content, and the increasingly demanding digital workflows of everyday users, creators and professionals. It also partnered with SK hynix to develop High Bandwidth Flash (HBF), a next-generation memory solution for AI inference. Positioned between high-speed HBM and high-capacity SSDs, HBF aims to deliver a balance of performance, scalability and power efficiency, supporting the industry's shift toward inference-driven AI workloads.
WDC Price Performance, Valuation and EstimatesIn the past six months, shares of WDC have surged 207.6% compared with the Zacks Computer-Storage Devices industry’s growth of 283.6%.
Image Source: Zacks Investment Research
Going by the price/earnings ratio, the company’s shares currently trade at 32.36 forward earnings compared with 14.23 for the industry.
Image Source: Zacks Investment Research
WDC’s estimate revisions are on an upward trajectory currently. The Zacks Consensus Estimate for WDC’s earnings for fiscal 2026 has been revised north 12% to $10.02 over the past 60 days, while the same for fiscal 2027 has gone up 23.9% to $17.62.
Image Source: Zacks Investment Research
Currently, Western Digital has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of SanDisk (NASDAQ:SNDK | SNDK Price Prediction) are up 6% in Friday morning trading, changing hands near $1,989, while Western Digital (NASDAQ:WDC) stock up 6% to $561. The bid adds another leg to a furious AI storage melt-up that has lifted memory and disk-drive names into record territory.
SNDK stock has staged one of the most extreme runs in the U.S. market this year, as it’s up 724% year to date (YTD) and 4,638% over the past 12 months. WDC stock has gained 224% YTD and 902% over the past year, riding the same AI infrastructure tailwind that has pulled NAND and hard-disk drive demand higher.
The catalyst extends well beyond any single headline. The market is debating whether this is the early innings of a multi-year AI memory supercycle or a late-stage melt-up vulnerable to a sharp reversal.
AI Storage Demand Fuels the Bid The fundamentals behind SanDisk’s run have been hard to dispute. The company’s Q3 FY2026 results, reported April 30, delivered EPS of $23.41 versus a $14.66 consensus and revenue of $5.95 billion, up 251% year over year (YoY). Furthermore, SanDisk’s data-center segment revenue jumped 645% YoY to $1.47 billion.
SanDisk guided Q4 FY2026 revenue to $7.75 billion to $8.25 billion and non-GAAP EPS of $30 to $33. CEO David Goeckeler called the quarter “a fundamental inflection point for SanDisk” as mix shifts toward datacenter customers under multi-year supply contracts.
Western Digital Rides the HDD Tailwind Western Digital’s own Q3 FY2026 report delivered non-GAAP EPS of $2.72 against a $2.39 consensus and revenue of $3.34 billion, up 46% YoY. The company’s non-GAAP gross margin cleared 50% for the first time in recent memory as AI workloads tightened hard-disk drive supply.
Western Digital’s management guided its Q4 FY2026 revenue to roughly $3.65 billion and non-GAAP EPS of $3.25, plus or minus $0.15. CEO Irving Tan stated that “virtually every AI workload, from training, inference, agentic AI to physical AI, creates data that is stored persistently and cost-efficiently on HDDs.”
Bulls Battle Bears on Sustainability The bull case rests on structural undersupply. SanDisk has reportedly locked in approximately $42 billion in multi-year supply agreements, and Susquehanna carries a $2,000 price target on SNDK stock, the highest on the Street. WallStreetBets sentiment scores ran 75 to 82 on Thursday, firmly in very bullish territory.
The bear case is more skeptical. SNDK stock trades at a stretched valuation after its 12-month rip, and insider selling has surfaced, including a director offloading 579 shares near $1,503 in early May. A separate bearish cohort on the “stockmarket” subreddit posted sentiment readings of 35 to 45, calling the move overextended and ripe for a reversal.
What to Watch Next The near-term question is whether Friday’s bid holds into the close. With SNDK stock near record highs and WDC stock just off its own peak, intraday volatility could intensify as traders rotate around the AI memory complex.
Investors can keep an eye on incoming NAND and HDD pricing data, which has been the dominant signal for the group all year. The next earnings cycle could either validate the lofty guidance or reset expectations after this run.
Position sizing matters here. The structural tailwinds may be real, but the velocity of the move argues for measured exposure rather than chasing strength in SNDK and WDC.
, /PRNewswire/ -- DuPont (NYSE: DD) today announced a strategic collaboration with Uncountable, an AI-driven platform for end-to-end product and application development, to advance its AI-ready labs initiative. The collaboration marks a major step forward in how DuPont scales digital lab workflows, expands access to high-quality experimental data, and turns insights into faster, more efficient innovation across its R&D organization helping customers bring solutions to market with greater speed, consistency, and confidence.
"High-quality, structured data is critical to achieving innovation excellence at scale—enabling advanced analytics, machine learning, and AI to accelerate delivery of solutions to our customers," said Marty DeGroot, Chief Technology Officer at DuPont. "Working with Uncountable strengthens our ability to deploy these capabilities consistently across the enterprise, improving speed to market, R&D effectiveness, and the long-term performance of our innovation portfolio."
The collaboration enhances how DuPont designs, tests, and optimizes complex formulations, helping accelerate the delivery of new solutions to customers. By standardizing data and optimizing R&D workflows through Uncountable's platform, DuPont aims to increase R&D productivity, and support durable, profitable growth. This reflects DuPont's continued focus on innovation discipline, digital execution, and competitive differentiation.
"We're excited to collaborate with DuPont as they scale AI-ready lab workflows across their R&D organization," said Will Tashman, Co-Founder & Chief Customer Officer at Uncountable. "By standardizing data and streamlining how experiments are captured and analyzed, we aim to help DuPont move faster from testing to insight—and accelerate delivery of new solutions to customers."
About Uncountable
Uncountable is the AI platform for end-to-end product development. It captures, structures, and connects data across the lifecycle to create a unified data layer powering AI-driven innovation, productivity, and risk reduction. Serving more than 150 customers across chemicals, advanced materials, consumer goods, food and agriculture, and pharmaceuticals, Uncountable operates globally. Learn more at uncountable.com.
About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.
, /PRNewswire/ -- DuPont (NYSE: DD) today published its 2026 Sustainability Report, detailing significant progress in 2025 towards its climate and sustainability ambitions and introducing nine goals with deliverables through 2035.
"The progress outlined in our 2026 Sustainability Report reflects the dedication of our teams and underscores how sustainability is embedded in DuPont's strategy that drives growth, consistent execution and long‑term value creation," said Scott Collick, Chief Sustainability Officer at DuPont. "The report highlights the advancements we have made in the past year to strengthen our portfolio, drive operational efficiency, and deliver sustainable innovation alongside our customers. We're encouraged by the momentum we're building, and the role sustainability plays in supporting durable, profitable growth."
Throughout 2025, DuPont collaborated with customers to introduce sustainably advantaged products, made substantial progress on improving energy efficiency at our sites, reduced our climate impacts, and extended our sustainability expectations into our supply chain. Key Highlights from the 2026 Sustainability Report include:
Over 35% of revenue generated from products introduced in the past five years, and nearly 80% of DuPont's active innovation portfolio is expected to deliver sustainable advantages for customers. Achieved a 76% reduction in Scope 1 and 2 greenhouse gas emissions from a 2019 baseline and a 66% reduction in Scope 3 emissions from a 2020 baseline. On track to net-zero emissions by 2050. Approximately 50% of electricity used across DuPont operations is renewably sourced, including 100% of manufacturing operations in Europe. 78% of sites worldwide have implemented 4R programs, designed to minimize waste and maximize resource efficiency. Achieved its safest year on record, surpassing safety performance milestones set in prior years, with 88% of sites with zero recordable injuries or illnesses. DuPont also expanded its sustainability commitment with the introduction of its 2035 Goals focused on sustainable innovation, resilient operations, and people, partners and communities—all grounded in strong governance. The goals set clear priorities across DuPont's organization, operations and value chain, and are designed to strengthen competitiveness, align with customer and market expectations, and support long‑term value creation.
The 2026 Sustainability Report was developed with reference to the Global Reporting Initiative (GRI) standards, the Sustainability Accounting Standards Board (SASB) standards, and the recommendations outlined by the Task Force on Climate-Related Financial Disclosures (TCFD).
To learn more, download and read the full 2026 Sustainability Report at dupont.com/sustainability.
About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.
Cautionary Statement about Forward Looking Statements
Certain statements in this release may be considered forward-looking statements, within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often contain words such as "expect", "anticipate", "intend", "plan", "believe", "seek", "see", "will", "would", "target", "outlook", "stabilization", "confident", "preliminary", "initial", "continue", "may", "could", "project", "estimate", "forecast" and similar expressions and variations or negatives of these words. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future results. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which are beyond DuPont's control, that could cause actual results to differ materially from those expressed in any forward-looking statements.
Forward-looking statements include statements which relate to the purpose, ambitions, commitments, targets, plans, objectives, and results of DuPont's sustainability strategy, including its activities related to substances of concern. They include statements related to the standards and measurement of progress against the company's sustainability goals, including metrics, data and other information, which are based on estimates and assumptions believed to be reasonable at the time. The actual conduct of the company's activities and results thereof, including the development, implementation, achievement or continuation of any goal, program, policy or initiative discussed or expected in connection with DuPont's sustainability strategy may differ materially from the statements made herein. The use of the word "material" for the purposes of statements regarding our sustainability strategy and goals should not be read as equating to any use of the word in the company's other disclosures or filings with the U.S. Securities and Exchange Commission (the "SEC").
See DuPont's most recent annual report on Form 10-K and subsequent current and periodic reports filed with the SEC for further description of risk factors that could impact the expectations or estimates implied by the Company's forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
Exceeds First Quarter 2026 Guidance Raises Full Year 2026 Guidance First Quarter 2026 Highlights Net Sales of $1.7 billion increased 4%; organic sales increased 2% versus year-ago period GAAP Income from continuing operations of $150 million; operating EBITDA of $414 million GAAP EPS from continuing operations of $0.36; adjusted EPS of $0.55 Cash provided by operating activities from continuing operations of $232 million; transaction-adjusted free cash flow of $147 million Completed the previously announced divestiture of the Aramids business on April 1st Announces $275 million accelerated share repurchase expected to be launched imminently WILMINGTON, Del., May 5, 2026 /PRNewswire/ -- DuPont (NYSE: DD) announced its financial results(1) for the first quarter ended March 31, 2026 and raised financial guidance for the full year 2026.
The company reported first-quarter earnings per share of 55 cents from sales of $1.7 billion. Wall Street was looking for earnings per share of 48 cents from sales of $1.7 billion.
While the top- and bottom-line numbers for DuPont de Nemours (DD) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shares of DuPont NYSE:DD rose sharply on Tuesday after the industrial materials maker reported first-quarter results that exceeded analyst expectations and raised its full-year financial outlook, signaling resilience despite rising input costs linked to geopolitical tensions.
The stock climbed about 8.9% to around $49.46, reaching its highest level since March.
The gains came as investors responded positively to both the earnings beat and improved guidance, even as the broader market grappled with the impact of higher oil prices.
DuPont reported adjusted earnings of 55 cents per share for the first quarter, ahead of Wall Street estimates of 48 cents.
Revenue came in at approximately $1.7 billion, in line with expectations.
The year-over-year comparison reflects structural changes following the spinoff of its electronics business, Qnity Electronics.
A year earlier, DuPont had reported earnings of $1.03 per share prior to that separation.
Operationally, the company delivered steady growth across its core segments.
Sales in the Healthcare & Water Technologies division rose about 6%, supported by demand in medical packaging and biopharma markets.
Meanwhile, the diversified industrials segment posted 3% sales growth, with both divisions achieving margin expansion of roughly 1.1 percentage points.
“Our teams...delivered organic growth, margin expansion, and double-digit adjusted EPS growth, along with solid cash flow generation in the quarter,” CEO Lori Koch said in a news release.
Looking ahead, DuPont lifted its full-year 2026 outlook, reflecting confidence in its ability to navigate a challenging cost environment.
The company now expects adjusted earnings per share of about $2.38, up from prior guidance of around $2.28.
Revenue is projected to reach approximately $7.2 billion, compared with earlier expectations of about $7.1 billion.
“Our full year net sales guidance now assumes about 4% organic growth, including about 1% of pricing due to actions taken to fully offset higher input costs related to the Middle East conflict,” CFO Antonella Franzen said in a news release.
The updated outlook comes as the company continues to manage higher raw material costs tied to disruptions in global oil and petrochemical markets.
The Strait of Hormuz tensions have tightened supply for key inputs such as plastics, polymers, and resins.
Executives noted that price increases and surcharges have been implemented to offset these pressures, with an estimated $90 million cost impact expected to be fully covered starting in the second quarter.
Analysts pointed to DuPont’s diversified business mix as a key factor in its ability to withstand external shocks.
Citi analyst Patrick Cunningham described the results as a "solid quarter with the diversified portfolio mix helping offset pronounced weakness from the Middle East disruption."
DuPont operates across multiple end markets, including healthcare, manufacturing, construction, and water technologies, which helps balance performance across cycles.
Despite recent gains, the stock has faced volatility in recent months.
Shares were down about 9.2% before Tuesday's open since the start of the Iran conflict in late February, as investors worried about the impact of higher oil prices on production costs.
However, the latest results suggest those concerns may be easing.
The company also announced a $275 million accelerated share repurchase program, signaling confidence in its financial position and commitment to returning capital to shareholders.
With solid execution, improving margins, and the ability to pass through higher costs, DuPont appears positioned to maintain momentum through 2026, even as geopolitical risks continue to influence global markets.
DuPont de Nemours has repositioned its portfolio, driving strong Q1 results and a 28% share rally over six months. Management raised full-year guidance, now expecting $2.35–$2.40 EPS and $7.16–$7.22B sales, citing segment strength and new product launches. Despite robust execution and shareholder returns, DD's forward P/E of ~21x and recent rally leave shares fairly valued with limited near-term upside.
Recognized for leadership in enterprise-wide culture that enables innovation at scale WILMINGTON, Del., May 8, 2026 /PRNewswire/ -- DuPont (NYSE: DD) today announced it was named the co-winner, along with Qnity Electronics, of the 2026 Innovation Excellence Award for Outstanding Innovative Culture from the Innovation Research Interchange (IRI), the innovation division of the National Association of Manufacturers (NAM).
Congress is trying to come up with more money to give the aging national parks a facelift in honor of the country's 250th birthday this year. President Donald Trump talks about the importance of federal facilities looking good, while his budget proposal slashed funding for the National Park Service.
Republican lawmakers are searching for revenue sources including establishing tolls on federally operated roads in the Washington area used daily by tens of thousands of commuters and by hiking fees to visit national parks for visitors from outside the U.S. Democrats say putting tolls on roads that intersect with the Capital Beltway is an untenable solution and that finding new money to fund park overhauls is not necessary since it's already the government's responsibility to maintain the parks.
Lawmakers are racing to pass the successor to the Great American Outdoors Act, or GAOA, a law Trump signed during his first term to clear the National Park Service's backlog of deferred maintenance in the park system. The law has now expired, and the maintenance backlog has only grown, so Congress wants to pass a successor measure to finish the job.
The national parks are one of the few remaining truly bipartisan issues on Capitol Hill due to their immense popularity with voters. Few lawmakers will oppose funding the parks, and Trump's proposed cuts and sales of public lands have been routinely vanquished in Congress. And, the parks help support a booming outdoor recreation industry that contributes to the economy, supporting sales of gear and materials from companies such as REI, Patagonia and DuPont.
"If we could find a way to use tolls on federal roads, that's one way you could fund it," said Rep. Bruce Westerman, R-Ark., chair of the House Committee on Natural Resources. Westerman said he's looking to create what he's called the "Next 250 Fund" to fund the parks.
Westerman said tolls would be justified because the first iteration of the Great American Outdoors Act directed money to restore the George Washington Memorial Parkway, a federal road in the metropolitan Washington area. A slew of federally operated roads crisscross the capital area.
"Look at all the money that comes out of the parks in Wyoming that goes to things like the George Washington Parkway, the entrance fees from there, so why shouldn't that be an option to raise funds to do maintenance backlog going forward?" he asked.
Rep. Jared Huffman, D-Calif., the top Democrat on the Natural Resources Committee, ruled out tolling to raise additional tax dollars, saying the drivers who use the Washington-area roads have recoiled from the idea.
"All the colleagues I've talked to that represent those areas say it's a nonstarter, poison pill," Huffman said.
Huffman said there's no need to find additional revenue to balance the new spending in the bill, calling it an "obsession" of Republicans.
"This is deferred maintenance, it's like a debt we've already incurred," he said. "So to be playing around with these politicized offsets is not a productive path forward."
The legislative effort occurs against the backdrop of Trump's proposed budget for the 2027 fiscal year that would slash the National Park Service's overall budget by 34% and its construction budget to less than $50 million, a 72% decrease from 2025.
Those cuts would follow National Park Service staff reductions totaling nearly a quarter of the agency's workforce in 2025 after Trump returned to the White House, according to data compiled by the National Parks Conservation Association.
Senate stays away from proposing road tollsThe Senate is not pursuing tolls or other new revenue for its version of the bill, dubbed the "America the Beautiful Act." That bill would use the same mechanism as the first Great American Outdoors Act to fund the maintenance: funneling oil and gas royalties from all federal energy development revenues into a fund called the Legacy Restoration Fund, set aside for park maintenance.
The Senate bill, led by Sens. Steve Daines, R-Mont., and Angus King, I-Maine, has 52 sponsors in the Senate.
"Let's see how we can do over here and then we'll talk with Chairman Westerman," King said when asked about the proposed tolls.
Hanging over the debate is the White House, which, in its budget request for fiscal 2027, asked for the Legacy Restoration Fund, which expired after the 2025 fiscal year, to be restored. The White House also endorsed foreign visitor fees, saying the park service "would implement a surcharge on international visitors at the most visited parks that would provide hundreds of millions of dollars to maintain parks around the Nation."
The number of international visitors to the U.S. dropped 5.9% in Trump's first year back in the White House from the year before, according to the nonpartisan Congressional Research Service. The National Park Service already implemented a $100 per person surcharge for non-U.S. residents per daily visit to the most popular national parks, and Trump wants to put the change into law.
Democrats are also on high alert for any legislative language that may clear the way for Trump's various projects around Washington, such as his White House ballroom and a proposed triumphal arch.
"I am concerned that some of the language we've seen could be used for vanity construction projects, and that's not going to fly either," Huffman said.
REI, Patagonia among companies pushing for spendingThe outdoor recreation market is a massive industry worth billions in the U.S. that touches almost every part of the retail industry — from specialty players such as REI and Patagonia to big box stores such as Walmart and Target to apparel companies such as Lululemon and Abercrombie & Fitch.
During Trump's first term, retailers threw their weight behind the GAOA because legislation that supports the outdoors and U.S. national parks is safe policy to support and is inherently apolitical, said Neil Saunders, a GlobalData Retail analyst and managing director.
"It kind of throws a halo around the brands. It links in with sustainability. It links in with the green agenda, but it's not really political in a way that is controversial," Saunders said. "Most Americans are like, 'Hey, our public parks, you know, are an asset. They're a national asset. We should protect them. We should look after them. We should make sure that they're well kept. They're a source of pride. And I think retailers find it very easy to sign on to things like that."
Of course, it's also good for business.
In a November report, the Outdoor Recreation Roundtable, a trade association that supports the GAOA, says outdoor recreation drives $1.2 trillion in economic output and supports 5 million U.S. jobs each year. The group found that recreation on federal lands and waters adds $351 million to the U.S. economy every day — the same amount of economic juice that could come from hosting eight Super Bowls every month.
For retailers such as REI and VF Corp — whose brands include The North Face and Timberland — that means more customers coming to their stores to buy camping gear, helmets or hiking boots. If consumers visit a national park and like what they see, they may decide to make outdoor recreation a more regular hobby, which likely means spending money on gear associated with those hobbies. Conversely, if they visit a park and find it to be poorly maintained and unenjoyable, they may try something else during their next bout of free time, perhaps indoors.
More people visiting national parks "potentially enlarges the market size because there are more people doing outdoor activities," Saunders said. "They need equipment, even if it's basic stuff, like coats and backpacks."
The debate on how to fund the GAOA comes at a time when the overall wellness market is growing and becoming an important economic driver. More consumers are ultra-focused on their bodies, what they consume and how they spend their time. For many, that includes more time outdoors, either exercising or just spending time in nature for mental health reasons.
U.S. consumers' focus on wellness was a growing trend before the Covid-19 pandemic that accelerated during lockdown orders, fueling a surge in interest in outdoor activities, national parks and sales of sports and leisure goods.
While that interest is still there, and is now being buoyed by the Make America Healthy Again movement, sales for sports and leisure goods have slowed since the pandemic. That's largely because so many people stocked up on outdoor goods during that time and due to an overall slowdown in discretionary spending, Saunders said.
Between 2015 and 2022, the U.S. outdoor market grew each year for seven years but has since softened, shrinking 6% between 2022 and 2025, according to GlobalData.
Given how slow discretionary spending has been in recent years, fresh funding for the GAOA could prove to be an important sales driver for retailers, especially if it's coupled with marketing tied to revamped national parks and outdoor events around the nation's 250th birthday.
"They need it," Saunders said. "The market's been a little bit sluggish, so I think retailers see this as a nice boost at the right time."
, /PRNewswire/ -- DuPont (NYSE: DD) today announced that its Board of Directors has approved a reverse stock split of the Company's common stock, par value $0.01 per share, at a ratio of 1-for-3 as well as a reduction in the number of authorized shares of its common stock by a corresponding ratio (the "Reverse Stock Split").
The Reverse Stock Split was approved by stockholders at the Company's 2026 Annual Meeting of Stockholders held on May 21, 2026, and is expected to become effective at 12:01 a.m. Eastern Time on June 24, 2026. DuPont's common stock is expected to begin trading on a split-adjusted basis on the New York Stock Exchange on June 24, 2026 under the existing ticker symbol "DD" with a new CUSIP number of 26614N 201.
At the effective time of the Reverse Stock Split, every three issued and outstanding shares of DuPont common stock will be automatically combined into one share of common stock. In addition, the total number of shares of the Company's common stock authorized for issuance will be reduced from 1,666,666,667 to 555,555,556. If the Reverse Stock Split were implemented as of May 22, 2026, the total number of outstanding shares would be reduced proportionately from approximately 405,058,202 to approximately 135,019,401, subject to adjustment for fractional shares.
No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who would otherwise be entitled to receive fractional shares will receive a cash payment from Computershare Trust Company, N.A., the Company's transfer agent, in lieu thereof. Proportionate adjustments will be made to the number of shares underlying the Company's outstanding equity awards, including stock options and restricted stock units, and to the exercise or conversion prices of such instruments. Similar adjustments will be made to outstanding warrants and other convertible securities.
The Reverse Stock Split will not affect any stockholder's proportionate ownership interest in the Company, except for adjustments resulting from the treatment of fractional shares.
Stockholders holding shares in book-entry form or through a bank, broker, or other nominee will have their holdings automatically adjusted to reflect the Reverse Stock Split. Stockholders holding physical certificates will receive instructions from the Company's transfer agent regarding exchange procedures.
The Company today also reaffirmed its second quarter and full year 2026 financial guidance for net sales, operating EBITDA and adjusted EPS, and intends to present its per share metrics, including earnings per share, on a split-adjusted basis when reported. Below represents our adjusted earnings per share guidance, giving effect to the Reverse Stock Split which results in a weighted average diluted share count for the second quarter and full year 2026 of approximately 137 million shares:
2Q'26E
Full Year 2026E
Adjusted EPS(1) – Prior Guidance
~$0.59
$2.35 - $2.40
Adjusted EPS(1) – Effect of Reverse Stock Split
~$1.75
$7.02 - $7.16
Adjusted Earnings Per Share is a non-GAAP measures and only reflects continuing operations. The Company has not provided forward-looking U.S. GAAP financial measures or a reconciliation of forward-looking non-GAAP financial measures to the most comparable U.S. GAAP financial measures on a forward-looking basis because the Company is unable to do so without unreasonable effort or expense, including due to the fact that the Company is unable to predict with reasonable certainty the ultimate outcome of certain future events. These events include, among others, the impact of portfolio changes, including asset sales, mergers, acquisitions, and divestitures; contingent liabilities related to litigation, environmental and indemnifications matters; impairments and discrete tax items. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP results for the guidance period. The most directly comparable U.S. GAAP financial measure to Adjusted Earnings Per Share is Earnings Per Share. About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
DuPont™ and all products, unless otherwise noted, denoted with ™, SM or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "target, "outlook," "stabilization," "confident," "preliminary," "initial," and similar expressions and variations or negatives of these words. All statements, other than statements of historical fact, are forward-looking statements, including statements regarding outlook, expectations and guidance. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which that are beyond DuPont's control, that could cause actual results to differ materially from those expressed in any forward-looking statements.
Forward-looking statements are not guarantees of future results. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
DuPont Water Solutions to supply MemCor™ MBR system in Sydney's North West region
, /PRNewswire/ -- DuPont (NYSE: DD) today announced that a MemCor™ membrane bioreactor (MBR) system has been selected as part of the next phase of upgrades at the Riverstone Water Resource Recovery Facility (WRRF) in Sydney, Australia, marking a significant wastewater infrastructure investment in support of the region's long-term population growth and environmental protection.
The Riverstone upgrade will be led by the North West Hub Alliance, comprising Sydney Water, John Holland, KBR and Stantec. The DuPont team from its Australia-based manufacturing site will work with the North West Hub Alliance to provide a MemCor™ MBR system consisting of 2,592 MemPulse™ B50 MBR modules, supporting a plant designed for an average flow capacity of 24.8 megaliters per day (MLD) and a peak wet weather flow of 86 MLD.
The Riverstone WRRF upgrade is a key component of the broader treatment infrastructure expansion across Sydney's North West region. Once complete, the upgrades are expected to significantly increase wastewater treatment capacity, helping to safeguard waterways while supporting future housing development in one of Australia's fastest-growing regions.
MemCor™ MBR systems integrate biological treatment with advanced membrane filtration to help provide consistent, high-quality effluent within a compact footprint—making it well suited for municipal upgrades where performance, reliability and space efficiency are critical.
"Projects like Riverstone demonstrate how collaboration across utilities, the North West Hub Alliance and technology providers can help communities plan for growth while protecting vital water resources," said Matthew Dick, Business Development & Sales Manager at DuPont Water Solutions. "We are proud to support this major infrastructure investment with proven MBR technology and local expertise through our team based here in Australia, where our MemCor™ MBR systems are manufactured."
DuPont Water Solutions technologies are helping to purify more than 50 million gallons of water every minute in 112 countries across the world. DuPont offers market-leading technologies to address a variety of challenges faced by water treatment municipalities, seawater desalination plants, and industrial water users, including the microelectronics industry, through a broad portfolio of membranes, resins and complete systems. The team is also innovating solutions that can help balance the world's growing water and energy demands, with products that support the production of electricity, lithium and green hydrogen.
About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.
Covers 12 U.S. manufacturing facilities; advances company's 2035 climate goals WILMINGTON, Del., June 10, 2026 /PRNewswire/ -- DuPont (NYSE:DD) today announced that its U.S.-based healthcare manufacturing operations are now powered by 100 percent renewable electricity through the purchase of additional Renewable Energy Certificates (RECs).
Key Takeaways DuPont's MemCor MBR tech was selected for the next upgrade phase at Sydney's Riverstone WRRF.The MemCor system includes 2,592 MemPulse B50 modules for a 24.8 ML/day average capacity and 86 ML/day peak.The upgrade is part of North West expansion to boost treatment, protect waterways and support housing. DuPont de Nemours, Inc. (DD - Free Report) recently announced that its MemCor membrane bioreactor (MBR) system has been selected for the next phase of upgrades at the Riverstone Water Resource Recovery Facility (WRRF) in Sydney, Australia. This significant investment in wastewater infrastructure is aimed at supporting the region’s population growth while enhancing environmental protection.
The upgrade will be led by the North West Hub Alliance, which includes Sydney Water, John Holland, KBR and Stantec. DuPont will supply a MemCor MBR system featuring 2,592 MemPulse B50 MBR modules, designed to support an average capacity of 24.8 megaliters per day and a peak wet weather flow of 86 megaliters per day.
The Riverstone upgrade forms a major part of a broader expansion of wastewater treatment infrastructure across Sydney’s North West region. Once complete, the upgraded facility is expected to significantly increase treatment capacity, protect waterways, and support future housing development in the region.
The project highlights the value of collaboration between utilities. The infrastructure investments and local expertise of DuPont in Australia will enable technology providers to help communities while protecting vital water resources. DuPont’s commitment to sustainable water management solutions will help purify more than 50 million gallons of water every minute in 112 countries across the world.
DD has slumped 34.1% over the past year against the industry’s 2.8% growth.
Image Source: Zacks Investment Research
For the second quarter of 2026, DuPont expects net sales of about $1.8 billion and operating EBITDA of about $430 million. Adjusted earnings are projected at approximately 59 cents per share, with guidance assuming about 3% organic sales growth year over year and currency as a slight tailwind.
Management raised its full-year 2026 outlook following the first-quarter outperformance and the interest income benefit tied to the Aramids transaction. The company now expects net sales of $7.155-$7.215 billion, operating EBITDA of $1.730-$1.760 billion and adjusted earnings of $2.35-$2.40 per share for 2026.
DD’s Zacks Rank & Key PicksDD currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Albemarle Corporation (ALB - Free Report) , CF Industries Holdings, Inc. (CF - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
While ALB sports a Zacks Rank #1 (Strong Buy) at present, CF and ASM carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ALB’s 2026 earnings is pinned at $12.39 per share, indicating a 1,668.35% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 74.5%. ALB’s shares have jumped 135.6% over the past year.
The Zacks Consensus Estimate for CF’s 2026 earnings is pegged at $17.16 per share, indicating a rise of 83.14% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 11.42%. CF’s shares have soared 16.5% over the past year.
The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 39 cents per share, indicating a 34.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 125%.
General Motors (GM) came out with quarterly earnings of $3.7 per share, beating the Zacks Consensus Estimate of $2.61 per share. This compares to earnings of $2.78 per share a year ago.
OSHKOSH, Wis., April 29, 2026 (GLOBE NEWSWIRE) -- The Oshkosh Area School District (OASD) has announced a new partnership with Edustaff, a leading provider of educational staffing services, to enhance the district's ability to recruit, place, and retain high-quality substitute teachers, paraprofessionals, and support staff across its schools. The collaboration is designed to ensure continuity of instruction and student support throughout the academic year.
Under the agreement, Edustaff will manage the full lifecycle of substitute and support staff recruitment — from sourcing and credentialing to scheduling and compliance — leveraging its proprietary technology platform and deep network of education professionals. This allows OASD administrators and principals to focus on their core mission of delivering an exceptional learning experience for students.
“Several factors were considered in this decision, most importantly our confidence in Edustaff’s ability to deliver the high level of service and support that both our district and our staff deserve. By partnering with Edustaff, we are focused on improving our overall substitute staffing process, while keeping our students and staff at the center of our work.”
— Sabrina Johnson, Executive Director of Human Resources, Oshkosh Area School District
Edustaff brings decades of experience partnering with school districts across the Midwest to address the persistent challenge of staff shortages. The company's approach combines personalized service, rigorous background screening, and ongoing professional development resources to help districts maintain instructional quality and a safe learning environment.
“Oshkosh Area School District is a tremendous example of a community that puts students first. We are honored to support their mission by providing dependable, thoroughly vetted staffing solutions that keep classrooms running smoothly and effectively. We look forward to a long, productive partnership built on shared values and a passion for education.”
— Derek Vogel, Chief Executive Officer, Edustaff
The partnership takes effect immediately, with Edustaff beginning onboarding operations in coordination with OASD's Human Resources department. Both organizations anticipate a seamless transition that minimizes disruption for current staff and school building teams.
About Oshkosh Area School District
The Oshkosh Area School District serves students in the City of Oshkosh and surrounding communities in Winnebago County, Wisconsin. OASD is committed to preparing every student for success in college, career, and community through rigorous academics, enriching extracurricular opportunities, and a supportive learning environment. For more information, visit www.oshkosh.k12.wi.us.
About Edustaff
Edustaff is a premier educational staffing company dedicated to connecting school districts with qualified substitute teachers, paraprofessionals, and support personnel. With a mission to support student achievement, Edustaff partners with districts across the country to deliver flexible, reliable, and compliant staffing solutions. For more information, visit www.edustaff.org.
Media Contact:
Public Relations Dept.
Edustaff, LLC [email protected]
877-974-6338
The market expects Oshkosh (OSK - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 8, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis heavy vehicle manufacturer for the military, emergency and commercial companies is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents a year-over-year change of -45.8%.
Revenues are expected to be $2.32 billion, up 0.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Oshkosh?For Oshkosh, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.32%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Oshkosh will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Oshkosh would post earnings of $2.33 per share when it actually produced earnings of $2.26, delivering a surprise of -3.00%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Oshkosh doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Automotive - Domestic industry, Lucid Group (LCID - Free Report) , is soon expected to post loss of $2.72 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -13.3%. Revenues for the quarter are expected to be $428.67 million, up 82.4% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Lucid Group has been revised 10.6% down to the current level. Nevertheless, the company now has an Earnings ESP of +2.51%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Lucid Group will most likely beat the consensus EPS estimate. The company could not beat consensus EPS estimates in any of the last four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Annual Experimental Aircraft Association gathering is also world's largest fly-in convention Annual Experimental Aircraft Association gathering is also world's largest fly-in convention
OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today reported 2026 first quarter net income of $43.1 million, or $0.68 per diluted share, compared to net income of $112.2 million, or $1.72 per diluted share, for the first quarter of 2025. Adjusted1 net income was $53.8 million, or $0.85 per diluted share, for the first quarter of 2026 compared to $124.8 million, or $1.92 per diluted share, for the first quarter of 2025. Comparisons in this news release are to the first quarter of 2025, unless otherwise noted.
Consolidated sales in the first quarter of 2026 were relatively flat at $2.32 billion, as pricing, currency and the impact of cumulative catch-up adjustments offset lower sales volume.
Consolidated operating income in the first quarter of 2026 decreased 53.2 percent to $82.0 million, or 3.5 percent of sales, compared to $175.4 million, or 7.6 percent of sales, in the first quarter of 2025. The decrease was primarily due to unfavorable sales mix, higher manufacturing overhead costs and lower sales volume.
Adjusted1 operating income in the first quarter of 2026 decreased 49.8 percent to $96.3 million, or 4.2 percent of sales, compared to $191.8 million, or 8.3 percent of sales, in the first quarter of 2025.
“We delivered first quarter adjusted earnings per share of $0.85 reflecting lower results in our Access and Vocational segments compared with last year,” said John Pfeifer, president and chief executive officer of Oshkosh Corporation. “While fire truck production improved year-over-year, deliveries were below our expectations, driven in part by weather- and travel-related disruptions.
"In Access, lower results reflected adverse sales mix and unfavorable price-cost dynamics. We saw strong order activity and solid demand in the segment, supported by mega projects, including data center-related construction. Our Transport segment performed in line with our expectations as we continue to ramp NGDV production and execute on our defense portfolio.
“Importantly, demand across our segments remains solid and we have good visibility for the remainder of the year. We are maintaining our full-year expectation of adjusted earnings per share in the range of $11.50,” added Pfeifer.
Factors affecting first quarter results for the Company’s business segments included:
Access - Access segment sales for the first quarter of 2026 decreased $13.7 million, or 1.4 percent, to $943.4 million primarily due to lower sales volume, offset in part by favorable currency.
Access segment operating income in the first quarter of 2026 decreased 66.3 percent to $34.7 million, or 3.7 percent of sales, compared to $103.1 million, or 10.8 percent of sales, in the first quarter of 2025. The decrease was primarily due to adverse sales mix, adverse price/cost dynamics and lower sales volume.
Adjusted1 operating income in the first quarter of 2026 was $38.8 million, or 4.1 percent of sales, compared to $107.8 million, or 11.3 percent of sales, in the first quarter of 2025.
Vocational - Vocational segment sales for the first quarter of 2026 decreased $41.8 million, or 4.8 percent, to $825.0 million as lower sales volume was offset in part by improved pricing.
Vocational segment operating income in the first quarter of 2026 decreased 28.1 percent to $84.7 million, or 10.3 percent of sales, compared to $117.8 million, or 13.6 percent of sales, in the first quarter of 2025. The decrease was primarily due to lower sales volume, higher manufacturing overhead costs and adverse sales mix, offset in part by favorable price/cost dynamics.
Adjusted1 operating income in the first quarter of 2026 was $94.1 million, or 11.4 percent of sales, compared to $128.8 million, or 14.9 percent of sales, in the first quarter of 2025.
Transport - Transport segment sales for the first quarter of 2026 increased $49.8 million, or 10.8 percent, to $512.8 million primarily due to higher sales volume and the impact of cumulative catch-up adjustments on contracts. Higher sales volume reflected the ramp-up of Next Generation Delivery Vehicle (NGDV) production for the United States Postal Service, which was offset in part by lower tactical wheeled vehicle and aftermarket sales volume.
Transport segment operating income in the first quarter of 2026 was $4.2 million, or 0.8 percent of sales, compared to $0.6 million, or 0.1 percent of sales, in the first quarter of 2025. The increase was primarily the result of lower adverse cumulative catch-up adjustments and higher sales volume, offset in part by higher manufacturing overhead costs and adverse sales mix.
Corporate and other - Net operating costs for corporate and other in the first quarter of 2026 decreased $4.5 million to $41.6 million primarily due to improvements at Pratt Miller.
Repurchases of Common Stock - The Company repurchased 303,592 shares of common stock in the first quarter of 2026 for $47.3 million. Share repurchases completed during the previous twelve months benefited earnings per share in the first quarter of 2026 by $0.02 compared to the first quarter of 2025.
2026 Expectations
The Company continues to expect its 2026 diluted earnings per share to be in the range of $10.90 and its adjusted1 earnings per share to be in the range of $11.50, on net sales of approximately $11.0 billion.
Dividend Announcement
The Company’s Board of Directors today declared a quarterly cash dividend of $0.57 per share of Common Stock. The dividend will be payable on June 9, 2026 to shareholders of record as of May 26, 2026.
Conference Call
The Company will host a conference call at 9:00 a.m. EDT this morning to discuss its first quarter 2026 results and 2026 expectations. Slides for the call will be available on the Company’s website beginning at 7:00 a.m. EDT this morning. The call will be simultaneously webcast. To access the webcast, go to oshkoshcorp.com at least 15 minutes prior to the event and follow instructions for listening to the webcast. An audio replay of the call and related question and answer session will be available for 12 months at this website.
Forward-Looking Statements
This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, growth and drivers, capital allocation, resiliency, targets, projected sales, costs, margins, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project,” “confident” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical nature of the Company’s access equipment, fire apparatus, refuse and recycling collection and air transportation equipment markets, which are particularly impacted by the strength of U.S. and European economies and construction outlooks; the Company’s estimates of access equipment demand which, among other factors, is influenced by historical customer buying patterns and rental company fleet replacement strategies; the Company's ability to predict the level and timing of orders and costs on the U.S. Postal Service contract; risks that trade wars and related tariffs could further reduce demand for or competitiveness of the Company’s products or cause inefficiencies in the Company's supply chain; the Company’s ability to increase prices to raise margins or to offset higher input costs; the Company's ability to achieve its projected material and manufacturing efficiency savings; the Company's ability to accurately predict future input costs associated with U.S. Department of Defense contracts; the Company’s ability to attract and retain production labor in a timely manner; the Company's ability to increase production rates in its municipal fire apparatus and delivery businesses; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and the cost of purchased materials; the impact of severe weather, war, natural disasters or pandemics that may affect the Company, its suppliers or its customers; budget uncertainty for the U.S. federal government, including risks of future budget cuts, the impact of continuing resolution funding mechanisms or a prolonged federal government shutdown; the impact of any U.S. Department of Defense solicitation for competition for future contracts to produce military vehicles; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to data security threats and breaches impacting the Company; the Company’s ability to successfully identify, complete and integrate acquisitions and to realize the anticipated benefits associated with the same; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission, including its most recent Form 10-K. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, purpose-built equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™, Oshkosh® Defense and Pratt Miller. For more information, visit oshkoshcorp.com.
OSHKOSH CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except share and per share amounts; unaudited)
Three Months Ended
March 31,
2026
2025
Net sales
$
2,317.8
$
2,312.8
Cost of sales
2,005.9
1,912.9
Gross income
311.9
399.9
Operating expenses:
Selling, general and administrative
215.6
211.0
Amortization of purchased intangibles
14.3
13.5
Total operating expenses
229.9
224.5
Operating income
82.0
175.4
Other income (expense):
Interest expense
(29.8
)
(27.0
)
Interest income
4.5
2.0
Miscellaneous, net
(2.0
)
0.5
Income before income taxes and losses of unconsolidated affiliates
54.7
150.9
Provision for income taxes
10.5
36.8
Income before losses of unconsolidated affiliates
44.2
114.1
Losses of unconsolidated affiliates
(1.1
)
(1.9
)
Net income
$
43.1
$
112.2
Earnings per share:
Basic
$
0.69
$
1.73
Diluted
0.68
1.72
Basic weighted-average shares outstanding
62,824,046
64,796,278
Dilutive equity-based compensation awards
476,875
276,081
Diluted weighted-average shares outstanding
63,300,921
65,072,359
OSHKOSH CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions; unaudited)
March 31,
December 31,
2026
2025
Assets
Current assets:
Cash and cash equivalents
$
250.3
$
479.8
Receivables, net
1,503.2
1,456.1
Unbilled receivables, net
698.2
702.7
Inventories
2,515.9
2,375.0
Income taxes receivable
49.8
52.4
Other current assets
89.0
102.5
Total current assets
5,106.4
5,168.5
Property, plant and equipment:
Property, plant and equipment
2,514.0
2,571.7
Accumulated depreciation
(1,265.2
)
(1,300.5
)
Property, plant and equipment, net
1,248.8
1,271.2
Goodwill
1,442.7
1,448.1
Purchased intangible assets, net
718.9
734.8
Deferred income taxes
196.1
201.0
Deferred contract costs
813.4
825.5
Other non-current assets
434.8
423.3
Total assets
$
9,961.1
$
10,072.4
Liabilities and Shareholders’ Equity
Current liabilities:
Revolving credit facilities and current maturities of long-term debt
$
546.2
$
0.6
Accounts payable
992.5
1,074.2
Customer advances
814.8
737.1
Payroll-related obligations
178.3
218.4
Income taxes payable
96.6
141.3
Other current liabilities
497.0
492.8
Total current liabilities
3,125.4
2,664.4
Long-term debt
600.6
1,100.3
Non-current customer advances
1,203.4
1,222.7
Deferred income taxes
24.5
25.7
Other non-current liabilities
540.9
528.8
Commitments and contingencies
Shareholders’ equity
4,466.3
4,530.5
Total liabilities and shareholders’ equity
$
9,961.1
$
10,072.4
OSHKOSH CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions; unaudited)
Three Months Ended
March 31,
2026
2025
Operating activities:
Net income
$
43.1
$
112.2
Depreciation and amortization
60.6
53.6
Stock-based incentive compensation
9.7
8.2
Deferred income taxes
4.6
(12.1
)
Other non-cash adjustments
4.8
3.5
Changes in operating assets and liabilities
(283.8
)
(560.3
)
Net cash used in operating activities
(161.0
)
(394.9
)
Investing activities:
Additions to property, plant and equipment
(28.1
)
(40.3
)
Additions to equipment held for rental
(1.5
)
(4.4
)
Proceeds from sale of equipment held for rental
29.6
0.4
Other investing activities
1.1
1.2
Net cash provided by (used in) investing activities
1.1
(43.1
)
Financing activities:
Proceeds from issuance of debt
259.8
1,646.0
Repayments of debt
(214.1
)
(1,130.1
)
Repurchases of Common Stock
(47.3
)
(28.7
)
Dividends paid
(35.6
)
(32.9
)
Other financing activities
(31.3
)
(16.2
)
Net cash provided by (used in) financing activities
(68.5
)
438.1
Effect of exchange rate changes on cash and cash equivalents
(1.1
)
5.3
Increase (decrease) in cash and cash equivalents
(229.5
)
5.4
Cash and cash equivalents at beginning of period
479.8
204.9
Cash and cash equivalents at end of period
$
250.3
$
210.3
OSHKOSH CORPORATION
SEGMENT INFORMATION
(In millions; unaudited)
Three Months Ended
March 31,
2026
2025
Net Sales
Access
Aerial work platforms
$
431.0
$
450.8
Telehandlers
208.2
244.5
Other
304.2
261.8
Total Access
943.4
957.1
Vocational
Municipal fire apparatus
331.5
329.8
Airport products
226.6
225.3
Refuse and recycling vehicles
153.7
205.5
Other
113.2
106.2
Total Vocational
825.0
866.8
Transport
Defense
296.2
412.7
Delivery vehicles
216.6
50.3
Total Transport
512.8
463.0
Corporate and other
36.6
25.9
Consolidated
$
2,317.8
$
2,312.8
Three Months Ended
March 31,
2026
2025
Operating Income (Loss)
Access
$
34.7
$
103.1
Vocational
84.7
117.8
Transport
4.2
0.6
Corporate and other
(41.6
)
(46.1
)
Consolidated
$
82.0
$
175.4
March 31,
2026
2025
Period-end backlog:
Access
$
1,838.5
$
1,804.8
Vocational
6,627.6
6,340.1
Transport
5,959.0
6,400.6
Corporate and other
111.4
70.1
Consolidated
$
14,536.5
$
14,615.6
Non-GAAP Financial Measures
The Company reports its financial results in accordance with generally accepted accounting principles in the United States of America (GAAP). The Company is presenting various operating results both on a GAAP basis and on a basis excluding items that affect comparability of results. When the Company excludes certain items as described below, they are considered non-GAAP financial measures. The Company believes excluding the impact of these items is useful to investors in comparing the Company’s performance to prior period results. However, while adjusted operating income, adjusted net income and adjusted earnings per share exclude amortization of purchased intangibles, revenue and earnings of acquired companies are reflected in adjusted operating income, adjusted net income and adjusted earnings per share and intangible assets contribute to the generation of revenue and earnings. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s results prepared in accordance with GAAP. The table below presents a reconciliation of the Company’s presented non-GAAP measures to the most directly comparable GAAP measures (in millions, except per share amounts):
Three Months Ended
March 31,
2026
2025
Access segment operating income (GAAP)
$
34.7
$
103.1
Amortization of purchased intangibles
4.1
4.7
Adjusted Access segment operating income (non-GAAP)
$
38.8
$
107.8
Vocational segment operating income (GAAP)
$
84.7
$
117.8
Amortization of purchased intangibles
9.4
11.0
Adjusted Vocational segment operating income (non-GAAP)
$
94.1
$
128.8
Corporate and other operating loss (GAAP)
$
(41.6
)
$
(46.1
)
Amortization of purchased intangibles
0.8
0.7
Adjusted corporate and other operating loss (non-GAAP)
Oshkosh (OSK - Free Report) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -18.53%. A quarter ago, it was expected that this heavy vehicle manufacturer for the military, emergency and commercial companies would post earnings of $2.33 per share when it actually produced earnings of $2.26, delivering a surprise of -3%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Oshkosh, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $2.32 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.27%. This compares to year-ago revenues of $2.31 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Oshkosh shares have added about 21.8% since the beginning of the year versus the S&P 500's gain of 7.2%.
What's Next for Oshkosh?While Oshkosh has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Oshkosh was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.22 on $2.83 billion in revenues for the coming quarter and $11.14 on $10.82 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Domestic is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Aebi Schmidt Holding AG (AEBI - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 14.
This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -94.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Aebi Schmidt Holding AG's revenues are expected to be $427.2 million, up 71.4% from the year-ago quarter.
For the quarter ended March 2026, Oshkosh (OSK - Free Report) reported revenue of $2.32 billion, up 0.2% over the same period last year. EPS came in at $0.85, compared to $1.92 in the year-ago quarter.
The reported revenue represents a surprise of -0.27% over the Zacks Consensus Estimate of $2.32 billion. With the consensus EPS estimate being $1.04, the EPS surprise was -18.53%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Oshkosh performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- Vocational- Total Vocational: $825 million versus $942.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.Net sales- Vocational- Municipal fire apparatus: $331.5 million compared to the $374.33 million average estimate based on two analysts. The reported number represents a change of +0.5% year over year.Net sales- Transport- Total Transport: $512.8 million compared to the $529.11 million average estimate based on two analysts.Net Sales- Access- Telehandlers: $208.2 million compared to the $207.83 million average estimate based on two analysts. The reported number represents a change of -14.9% year over year.Net Sales- Corporate and other: $36.6 million versus the two-analyst average estimate of $11.54 million. The reported number represents a year-over-year change of +41.3%.Net Sales- Access- Aerial work platforms: $431 million compared to the $394.45 million average estimate based on two analysts. The reported number represents a change of -4.4% year over year.Net Sales- Access- Other: $304.2 million versus the two-analyst average estimate of $226.46 million. The reported number represents a year-over-year change of +16.2%.Net Sales- Access- Total: $943.4 million compared to the $828.74 million average estimate based on two analysts. The reported number represents a change of -1.4% year over year.Operating Income (loss)- Transport: $4.2 million compared to the $8.73 million average estimate based on two analysts.Adjusted Vocational segment operating income (non-GAAP): $94.1 million compared to the $135 million average estimate based on two analysts.Adjusted Access segment operating income (non-GAAP): $38.8 million versus the two-analyst average estimate of $16.42 million.View all Key Company Metrics for Oshkosh here>>>
Shares of Oshkosh have returned -2.2% over the past month versus the Zacks S&P 500 composite's +11% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Oshkosh Corporation (OSK +0.81%) stock crashed 10.6% through 3 p.m. ET Friday after reporting mixed Q1 earnings.
Analysts had forecast the truckmaker would earn $1.04 per share on just under $2.3 billion in quarterly sales. The good news is that Oshkosh actually posted sales of just over $2.3 billion. The bad news is it fell far short on earnings -- just $0.85 per share.
Image source: Getty Images.
Oshkosh Q1 earnings Even the good news wasn't great. Oshkosh beat its sales target but still grew sales by only 0.2% year over year. And as for the bad news, it was even worse than it looks. Turns out, the company's "$0.85" per share profit was only a pro forma number. Actual earnings calculated under generally accepted accounting principles (GAAP) for the quarter were only $0.68 per share -- down 60% year over year.
Continuing the theme on the cash flow statement, Oshkosh burned through $189.1 million in negative free cash flow in Q1. That was less cash than it burned in Q1 2025 ($435.2 million), but still negative -- the opposite of what Oshkosh's reported earnings would suggest.
Today's Change
(
0.81
%) $
1.09
Current Price
$
135.05
What's next for Oshkosh? On guidance, Oshkosh did finally deliver some good news. Despite disappointing Wall Street mightily this morning, "demand across our segments remains solid and we have good visibility for the remainder of the year." Thus, Oshkosh reiterated its guidance for the rest of this year.
Management still expects to earn $10.90 per share -- GAAP -- in 2026. At a share price of $138, that works out to a modest 12.7 price-to-earnings ratio. Given the stock's 1.5% dividend yield and analysts' 12% long-term earnings growth forecast, Oshkosh stock might still be a buy.
Assuming, that is, the company actually can grow as fast as Wall Street says it should.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Oshkosh faces near-term pressure after a weak Q1, but I remain bullish on long-term upside potential from a broader non-residential construction recovery. Current guidance is heavily back-end weighted, requiring strong H2 execution amid macro and sector uncertainties. OSK should benefit from healthy backlogs, pricing actions, and exposure to data centers, power, and mega-projects, with automation offering some competitive differentiation.
Oshkosh (NYSE:OSK) on Friday reported worse-than-expected first-quarter financial results.
Oshkosh reported quarterly earnings of 85 cents per share which missed the analyst consensus estimate of $1.17 per share. The company reported quarterly sales of $2.317 billion which missed the analyst consensus estimate of $2.322 billion.
“We delivered first quarter adjusted earnings per share of $0.85 reflecting lower results in our Access and Vocational segments compared with last year,” said John Pfeifer, president and chief executive officer of Oshkosh Corporation. “While fire truck production improved year-over-year, deliveries were below our expectations, driven in part by weather- and travel-related disruptions.
Oshkosh affirmed its FY2026 adjusted EPS guidance of $11.50.
Oshkosh shares fell 0.2% to trade at $137.82 on Monday.
These analysts made changes to their price targets on Oshkosh following earnings announcement.
Baird analyst Mircea Dobre maintained the stock with an Outperform rating and lowered the price target from $175 to $172. Truist Securities analyst Jamie Cook reiterated the stock with a Hold and lowered the price target from $183 to $176. Considering buying OSK stock? Here’s what analysts think:
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Key Takeaways OSK Q1 adjusted EPS fell 55.7% to 85 cents per share and missed estimates amid margin pressure.Oshkosh Access profit dropped on unfavorable sales mix, pricing pressure, and higher overhead costs.OSK maintained 2026 guidance and ended Q1 with a $14.54 billion backlog across segments. Oshkosh Corporation (OSK - Free Report) posted first-quarter 2026 adjusted earnings of 85 cents per share, down 55.7% year over year. The figure missed the Zacks Consensus Estimate of $1.04 by 18.53%. Revenues edged up 0.2% year over year to $2,318 million but missed the Zacks Consensus Estimate of $2,324 million by 0.27%.
Results were impacted by weaker profitability in the Access and Vocational segments, caused by an unfavorable sales mix, higher manufacturing overhead costs, and price-cost pressures. The company ended the quarter with a total backlog of $14.54 billion, highlighting strong demand visibility across its business.
OSK's Profitability Faces Pressure From Mix and OverheadWhile sales were essentially flat, OSK’s profitability weakened significantly from last year. Consolidated operating income dropped 53.2% year over year to $82 million, while operating margin narrowed to 3.5% from 7.6% a year ago. Adjusted operating income in the first quarter of 2026 fell 49.8% to $96.3 million, with adjusted operating margin declining to 4.2% from 8.3% in the prior-year quarter.
The decline was mainly due to an unfavorable sales mix, higher manufacturing overhead costs, and lower sales volume. Better pricing and favorable currency impact helped offset some of the pressure on revenues. The quarter also included contract-related adjustments that affected sales figures.
Oshkosh Access Sees Softer Mix and Price-Cost PressureOshkosh’s Access segment reported first-quarter 2026 sales of $943.4 million, down 1.4% year over year, as lower sales volume outweighed the benefit from favorable currency movement. Profitability also declined sharply, with adjusted operating income falling to $38.8 million (down 64% year over year) and adjusted operating margin dropping to 4.1% from 11.3% a year ago.
The segment was hurt by an unfavorable sales mix and pricing pressures that weighed on profitability. Despite the near-term weakness, Access backlog rose 1.9% year over year to $1.84 billion at the end of the quarter, providing solid revenue visibility going forward.
OSK Vocational Slips as Deliveries Trail ExpectationsOSK’s Vocational segment reported first-quarter 2026 sales of $825 million, down 4.8% from the year-ago period, as weaker sales volume outweighed the gains from improved pricing. Adjusted operating income fell 26.9% year over year to $94.1 million, while adjusted operating margin declined to 11.4% from 14.9% a year earlier.
Fire truck production improved year over year, but deliveries were lower than expected due to weather and travel disruptions. Vocational backlog increased 4.5% year over year to $6.63 billion, indicating customer demand remained strong despite some delivery delays during the quarter.
Oshkosh Transport Gains on NGDV Ramp and CCAIn the Transport segment, Oshkosh reported first-quarter 2026 sales of $512.8 million, up 10.8% year over year. Growth was mainly driven by higher sales volume and contract-related adjustments, supported by the continued ramp-up in production of the Next Generation Delivery Vehicle for the U.S. Postal Service.
Segment operating income improved to $4.2 million from $0.6 million reported a year ago, while adjusted operating margin increased to 0.8% from 0.1%. The improvement was mainly driven by higher sales volume and lower negative contract-related adjustments, although higher manufacturing costs and an unfavorable sales mix partly offset the gains. Transport backlog totaled $5.96 billion at quarter-end, down 6.9% year over year.
OSK Maintains 2026 Outlook and Returns CapitalOSK has maintained its 2026 outlook and continues to expect revenues of around $11 billion, adjusted operating income of approximately $1.06 billion, and adjusted earnings per share of about $11.50. The company has also reaffirmed its free cash flow forecast of $550-$650 million and expects first-half adjusted earnings to account for roughly 30% of full-year results.
Oshkosh had cash and cash equivalents of $250.3 million as of March 31, 2026, compared with $479.8 million as of Dec. 31, 2025. The company recorded a long-term debt of $600.6 million as of March 31, 2026, compared with $1.1 billion as of Dec. 31, 2025.
Capital returns remained active. Oshkosh repurchased 303,592 shares for $47.3 million during the first quarter of 2026 and declared a quarterly cash dividend of 57 cents per share, payable on June 9, 2026, to shareholders of record as of May 26, 2026.
Operating cash flow was negative $161 million as of March 31, 2026, compared with negative $394.9 million recorded as of March 31, 2025. Free cash flow was negative $189.1 million as of March 31, 2026, compared with negative $435.2 million recorded as of March 31, 2025. This was mainly due to normal seasonal working-capital needs and investment spending early in the year.
OSK currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Releases From Auto SpaceAutoliv, Inc. (ALV - Free Report) reported first-quarter 2026 results on April 17. It posted adjusted earnings of $2.05 per share, which declined 4.7% year over year but surpassed the Zacks Consensus Estimate of $1.77 by 15.8%. Net sales were $2.75 billion, up 6.8% from the year-ago quarter’s level. The figure beat the Zacks Consensus Estimate of $2.63 billion by 4.52%.
Autoliv ended the quarter with cash and cash equivalents of $342 million compared with $322 million a year earlier. Long-term debt was $1.7 billion compared with $1.56 billion in the year- ago period. Shareholder returns continued through dividends. Autoliv paid a cash dividend of 87 cents per share in the quarter, with total dividend payments of $65 million.
Genuine Parts Company (GPC - Free Report) reported its first-quarter 2026 results on April 21. It posted adjusted earnings of $1.77 per share, which missed the Zacks Consensus Estimate of $1.81 by 1.94%. The bottom line improved 1.1% from the year-ago quarter’s adjusted earnings of $1.75 per share.
The company posted revenues of $6.27 billion, which beat the Zacks Consensus Estimate of $6.17 billion by 1.5% and increased 6.8% year over year. The performance was driven by solid sales growth across business segments and a 20-basis-point improvement in gross margin to 37.3%.
GPC’s total liquidity was $1.3 billion as of March 31, 2026, including $500 million in cash and $838 million of revolver capacity. During the quarter, GPC invested $98 million in capex and $14 million in acquisitions while returning $142 million to shareholders via dividends. For 2026, the company targets $450-$500 million in capex and $300-$350 million in M&A, with approximately 7.5 million shares remaining under its repurchase authorization.
MarketBeat Week in Review – 9/4 - 9/8Oshkosh NYSE: OSK reported first-quarter 2026 results that came in modestly below its internal expectations, but management maintained its full-year outlook and said demand remains solid across its major businesses.
President and CEO John Pfeifer said the company delivered consolidated sales of approximately $2.3 billion and adjusted earnings per share of $0.85 in the quarter. He said earnings were below the expectations discussed on the prior call, primarily because of fewer fire truck shipments in the Vocational segment, where some planned customer pickups were not completed.
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3 Reasons Oshkosh Stock is Headed to New Heights“Our outlook for the company has not changed, and we are maintaining our full-year consolidated guidance,” Pfeifer said. “Demand across our segments remains solid, and we have good visibility for the remainder of the year.”
Oshkosh Maintains Full-Year Earnings Guidance Executive Vice President and CFO Matt Field said consolidated sales were flat compared with the prior-year quarter. Pricing, favorable currency and changes in cumulative catch-up adjustments in the Transport segment offset lower sales volume.
Oshkosh Scores Big With EV Contract Adjusted operating income declined to $96 million from $192 million a year earlier. Field attributed the decrease primarily to unfavorable mix across segments and products, Access channel mix that included higher national rental company sales, higher manufacturing overhead costs tied partly to future production investments and lower sales volume.
Free cash flow was negative $189 million, an improvement from negative $435 million in the prior-year period. Field said the improvement came despite lower earnings and reflected more disciplined working capital management and higher customer advances. During the quarter, Oshkosh repurchased approximately 300,000 shares for $47 million and refinanced its revolving credit facility with a five-year, $1.6 billion agreement at a slightly lower interest rate.
Oshkosh maintained its full-year adjusted EPS expectation of $11.50 and free cash flow guidance of $550 million to $650 million. Field said the company now expects roughly 30% of its earnings in the first half of the year, with the second half supported by improved price-cost dynamics in Access, higher fire truck production, growth under the FMTV contract and higher NGDV production, along with an expected additional NGDV order.
Access Orders Improve, Driven by Mega Projects The Access segment generated first-quarter sales of $943 million, roughly flat with a year earlier. Adjusted operating margin was 4.1%, which Field said was about in line with expectations.
Pfeifer said demand in Access is improving, supported by mega projects, including data center-related construction. Orders exceeded $1.5 billion in the quarter, producing a book-to-bill ratio of 1.6. Backlog ended the quarter at $1.8 billion.
Management said demand remains uneven across end markets. Mega projects continue to be a source of strength, while broader non-residential construction is still affected by macroeconomic factors. In response to a question from Jerry Revich of Wells Fargo, Pfeifer said telematics data and customer feedback indicate utilization is improving, and he described the used equipment market as healthy.
Oshkosh also highlighted new products and technologies from its JLG business, including boom lifts, a 26-foot micro-sized scissor lift, Canvas robotics for drywall finishing and a robotic welding end effector. Pfeifer said the micro-sized scissor lifts are seeing strong adoption in data center applications.
Vocational Segment Faces Fire Truck Delivery Timing Issues Vocational sales were $825 million, down from the prior year because of lower shipment volume, partly offset by improved pricing. Field said refuse vehicle sales were lower as expected, while municipal fire truck deliveries were below plan despite modest year-over-year production growth.
Management said weather and travel disruptions prevented some customers from completing fire truck pickups late in the quarter. Pfeifer said the company has seen “a lot more fire truck deliveries” early in the second quarter as those delayed pickups moved forward.
The Vocational segment ended the quarter with a $6.6 billion backlog. Oshkosh is investing in Pierce fire apparatus facilities and working to modernize production flow, remove bottlenecks and improve lead times. Field said the company expects fire truck production to rise roughly 10% this year, similar to the increase in the second half of 2025.
Vocational adjusted operating income was $94 million, with an 11.4% margin. Field said full-year margins for the segment are still expected to be within the company’s long-term 2028 guidance range of 16% to 18%, although likely below the 17% level previously outlined.
Oshkosh also discussed its AeroTech business, where demand from airports remains strong. Pfeifer said orders were solid for air cargo loaders and jetway passenger boarding bridges, with wins in Reno, Orlando and Nashville. The jetway backlog now extends beyond 12 months, and the company is investing in capacity to improve delivery times.
Transport Segment Ramps NGDV and FMTV Programs Transport segment sales increased $50 million to $513 million. Field said the increase reflected higher sales volume and cumulative catch-up adjustments. Delivery vehicle revenue rose by $166 million to $217 million, representing 42% of segment sales and growing more than 30% sequentially from the fourth quarter of 2025.
Defense revenue declined from a year earlier because of lower tactical wheeled vehicle and aftermarket sales volumes. Field noted that Oshkosh was still building JLTV units in the first quarter of 2025, with the final units built in May 2025.
Transport operating income was $4 million, up $3.6 million from the prior year. Management expects margins to improve in the back half of the year as Oshkosh transitions out of older fixed-price contracts, ramps NGDV production and expects additional NGDV orders.
Pfeifer said NGDV production is on track, with the fleet surpassing 20 million miles and operating in 48 states. Feedback from the U.S. Postal Service and drivers remains positive, he said. Field later clarified that Oshkosh expects to be at the low end of its 16,000-to-20,000-unit annual production range for the full year, with the back half larger than the first half.
Tariffs, Inflation and 2028 Targets Remain in Focus Management said the tariff environment remains dynamic. Field said Oshkosh recorded an IEEPA refund benefit of about $13 million in the first quarter and expects a full-year impact of about $23 million. He said the company expects IEEPA tariff recoveries to broadly offset additional costs from the Section 232 expansion, leaving a negligible to zero impact for the year.
Pfeifer said geopolitical conflict is primarily affecting Oshkosh through inflation, including higher steel, aluminum and oil costs. He said those impacts are embedded in the company’s guidance.
Asked about the company’s longer-term targets, Pfeifer said Oshkosh still expects to be around the midpoint of its 2028 scenarios, citing end-market demand, existing backlogs, capacity investments and technology embedded in its products.
“All the ingredients to deliver on our 2028 targets are in place or underway,” Field said.
About Oshkosh NYSE: OSKOshkosh Corporation NYSE: OSK is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.
Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.
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OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Defense LLC, an Oshkosh Corporation [NYSE: OSK] business, announced today it has received two delivery orders from the U.S. Marine Corps for the Remotely Operated Ground Unit for Expeditionary Fires (ROGUE-Fires) Block 2 Production, totaling $92M.
Built on the battle-tested Oshkosh Defense Joint Light Tactical Vehicle (JLTV), ROGUE-Fires combines next-generation autonomy with the protection, mobility, speed, and off-road capability Marines rely on in austere environments. The JLTV’s proven transportability, operational interoperability and available sustainment provide a strong foundation for expeditionary fires missions and distributed operations.
Oshkosh Defense was initially awarded the ROGUE-Fires contract in 2022, and the platform has since become the first semi-autonomous ground system fielded by the U.S. military. The ROGUE-Fires offers the only in production and fielded semi-autonomous ground system for offensive and defensive fires.
The Block 2 configuration introduces Forterra’s next-generation autonomy and expanded weapon system integration to support Expeditionary Advanced Base Operations (EABO) and distributed long-range precision fires missions.
“As the Marine Corps continues to modernize its force structure and operational capabilities, Oshkosh remains focused on delivering advanced ground mobility solutions that support mission success,” said Pat Williams, Chief Programs Officer at Oshkosh Defense. “With new technology integration and expanded weapon system flexibility, ROGUE-Fires Block 2 demonstrates Oshkosh’s ability to integrate advanced technologies onto proven tactical vehicles.”
ROGUE-Fires, built on a Modular Open System Approach, provides the architecture that now supports integration with the MLRS Family of Munitions (MFOM) and rapid swapping of future payload weapon systems based on mission requirements. This modular approach provides Marines with greater operational flexibility across evolving expeditionary fires missions and beyond.
Forterra’s AutoDrive autonomous driving system is built to support operations in contested and GPS-denied environments.
Vehicle deliveries under the contract are expected to continue through 2031.
About Oshkosh Defense
Oshkosh Defense, an Oshkosh Corporation business [NYSE: OSK], delivers adaptable, connected, and survivable systems critical to the modernization and readiness of the U.S. and its allied forces. As a trusted mobility integrator, Oshkosh brings advanced vehicles, intelligent systems, and mission-critical technologies together into unified solutions built for evolving operational demands. Combining defense expertise with commercial scale, Oshkosh accelerates innovation from development through deployment. And because the mission does not end at fielding, Oshkosh provides global sustainment, lifecycle support, and aftermarket solutions that keep fleets ready while advancing the future of defense mobility. Learn more at OshkoshDefense.com.
About Oshkosh Corporation
At Oshkosh (NYSE: OSK), we make innovative, purpose-built vehicles and equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™, Oshkosh® Defense and Pratt Miller. For more information, visit oshkoshcorp.com.
Forward Looking Statements
This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
