Commercial Vehicle

Q2 FY2026 EarningsQ2 FY26 results exceeded revenue and gross margin expectations, with revenue reaching $195.2M (+13.8% vs. consensus $171.6M) and adjusted gross margin at 12.9% vs. 12.3% expected. However, diluted EPS of $(0.25) and adjusted EPS of $(0.13) both missed consensus due to a $3.4M warrant liability revaluation and higher SG&A expenses. Management raised FY26 revenue guidance to $725M–$755M and Adjusted EBITDA to $26M–$31M, signaling robust demand in global markets despite mixed North American production rates.