--- title: "Broadwind | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 24.3 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295525564.md" datetime: "2026-08-11T11:03:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295525564.md) - [en](https://longbridge.com/en/news/295525564.md) - [zh-HK](https://longbridge.com/zh-HK/news/295525564.md) generator: "portal-rs" --- # Broadwind | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 24.3 M Revenue: As of FY2026 Q2, the actual value is USD 24.3 M, missing the estimate of USD 34.97 M. EPS: As of FY2026 Q2, the actual value is USD -0.03. EBIT: As of FY2026 Q2, the actual value is USD 171 K. ### Consolidated Financial Results (Second Quarter 2026) #### Revenue and Profitability - **Total Revenue**: Broadwind, Inc. reported total revenue of $24.3 million for the second quarter of 2026, marking a 67% increase year-over-year compared to $14.5 million in the second quarter of 2025. - **Gross Profit**: Gross profit was $3.796 million for the three months ended June 30, 2026, an increase from $1.004 million for the same period in 2025. - **Operating Loss**: The operating loss for the second quarter of 2026 was - $0.247 million, significantly reduced from - $2.381 million in the second quarter of 2025. - **GAAP Loss from Continuing Operations**: The company experienced a GAAP loss from continuing operations of - $0.7 million, or - $0.03 per diluted share, in the second quarter of 2026, an improvement from a loss of - $3.0 million, or - $0.13 per basic share, in the second quarter of 2025. - **Net Loss**: The net loss for the second quarter of 2026 was - $0.639 million, an improvement from - $0.989 million in the second quarter of 2025. - **Non-GAAP Adjusted EBITDA**: Non-GAAP Adjusted EBITDA was $1.6 million in the second quarter of 2026, compared to - $1.1 million in the prior-year period. #### Liquidity and Debt (as of June 30, 2026) - **Liquidity**: Broadwind, Inc. had liquidity of $40.1 million, which was $31.3 million after adjusting for the minimum excess availability requirement. - **Cash and Cash Equivalents**: Cash and cash equivalents were $17.043 million, compared to $1.379 million on June 30, 2025. - **Cash and Credit Line Availability**: Cash and availability under the credit facility was $31.3 million, compared to $14.9 million in the second quarter of 2025. - **Total Debt and Financing Leases**: Total debt and financing leases amounted to $6.3 million, a decrease from $29.0 million in the second quarter of 2025. - **Total Inventory**: Total inventory was $32.9 million, up from $27.0 million in the second quarter of 2025. - **Total Net Operating Working Capital**: Total net operating working capital was $28.2 million, compared to $25.6 million in the second quarter of 2025. #### Cash Flow (Six Months Ended June 30, 2026) - **Net Cash Used in Operating Activities**: Net cash used in operating activities was - $0.871 million, an improvement from - $3.516 million in the prior-year period. - **Net Cash Used in Investing Activities**: Net cash used in investing activities was - $3.142 million, compared to - $0.430 million in the prior-year period. - **Net Cash Used in Financing Activities**: Net cash used in financing activities was - $6.485 million, compared to $16.273 million provided in the prior-year period. - **Net Cash Provided by Discontinued Operations**: Net cash provided by discontinued operations was $27.084 million, compared to - $19.010 million used in the prior-year period. #### Operational Metrics - **Total Orders**: Total orders increased by 68% year-over-year to $35.2 million in the second quarter of 2026. - **Book-to-Bill Ratio**: Broadwind, Inc. ended the second quarter of 2026 with a book-to-bill ratio of 1.5x. - **Backlog**: The combined total backlog for the Industrial Solutions and Gearing segments increased by 93% as of June 30, 2026, compared to the prior-year period. #### Segment Results (Second Quarter 2026 vs. Second Quarter 2025) ##### Gearing Segment - **Sales**: Sales for the Gearing segment increased by 24% year-over-year to $9.0 million, up from $7.3 million. - **Operating Loss**: The segment reported an operating loss of - $0.2 million, an improvement from - $0.8 million in the prior year. - **Non-GAAP Adjusted EBITDA**: Segment non-GAAP Adjusted EBITDA was $0.4 million, up from - $0.1 million in the prior-year period. - **Orders**: Orders for the Gearing segment were $16.152 million, up from $6.799 million, representing a 138% increase year-over-year. - **Backlog**: Backlog for the Gearing segment increased 164% year-over-year to $37.6 million as of June 30, 2026. ##### Industrial Solutions Segment - **Sales**: Sales for the Industrial Solutions segment grew by 79% year-over-year to $13.2 million. - **Operating Income**: The segment reported operating income of $2.3 million, a significant increase from $0.5 million in the prior year. - **Non-GAAP Adjusted EBITDA**: Segment non-GAAP Adjusted EBITDA was $2.5 million, compared to $0.7 million in the prior-year period, representing 19% of sales. - **EBITDA Margin**: The Industrial Solutions segment generated an EBITDA margin of nearly 19% during the quarter, with the EBITDA margin rate increasing +1146 basis points year-over-year. - **Orders**: Orders for the Industrial Solutions segment were $17.248 million, up from $13.909 million, representing a 24% increase year-over-year and a record for the segment. - **Backlog**: Backlog increased 59% year-over-year to a record $47.4 million in the second quarter of 2026. ### Outlook Broadwind, Inc. is strategically pivoting to become a pure-play precision manufacturing business focused on domestic power generation and critical infrastructure markets, anticipating benefits from a multi-year investment cycle. The company’s capital allocation priorities include sustained organic growth, opportunistic investments in complementary products, and margin-accretive bolt-on acquisitions within targeted vertical markets. Broadwind, Inc. also plans to leverage its nearly $300 million of net operating loss carryforwards and expand precision manufacturing capabilities to capitalize on accelerating demand. ### Related Stocks - [BWEN.US](https://longbridge.com/en/quote/BWEN.US.md) ## Related News & Research - [Broadwind Q2 revenue rises on strong industrial solutions demand](https://longbridge.com/en/news/295527130.md) - [Broadwind amends 8-K to add unaudited pro forma financials for Manitowoc asset sale](https://longbridge.com/en/news/296630976.md) - [The world appears to be entering a higher-rate era. 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