Revenue: As of FY2026 Q2, the actual value is USD 2.915 B, beating the estimate of USD 2.788 B.

EPS: As of FY2026 Q2, the actual value is USD 2.92, beating the estimate of USD 2.5194.

EBIT: As of FY2026 Q2, the actual value is USD 270.4 M.

Second Quarter 2026 Consolidated Performance

• Net Income: Net income was $183.2 million, a decrease from $204.8 million in the second quarter of 2025. Adjusted net income was $180.1 million, down from $220.6 million in the prior-year quarter.
• Consolidated Operating Income: Consolidated operating income decreased by 16.6% to $243.2 million, representing 8.3% of sales, compared to $291.7 million (10.7% of sales) in the second quarter of 2025. Adjusted operating income was $257.6 million, or 8.8% of sales, a decrease from $312.9 million (11.5% of sales) in the same period of 2025.
• Provision for Income Taxes: Income tax expense was $37.2 million, or 16.9% of pre-tax income, compared to $65.2 million, or 24.1% of pre-tax income, in the second quarter of 2025. This included a $16.7 million discrete tax benefit related to the expiration of the statute of limitations for a foreign anti-hybrid tax matter.
• Miscellaneous, Net: Miscellaneous income, net, was $3.7 million, down from $7.3 million in the second quarter of 2025.
• Common Stock Repurchases: Oshkosh Corporation repurchased 667,158 shares of common stock for $91.6 million during the quarter.
• Dividends: A quarterly cash dividend of $0.57 per share of Common Stock was declared.

Six-Month 2026 Consolidated Performance

• Net Income: For the first six months of 2026, net income was $226.3 million, compared to $317.0 million for the same period in 2025. Adjusted net income was $233.9 million, down from $345.4 million in the first six months of 2025.

Segment Revenue (Second Quarter 2026)

• Access: Sales increased by 9.4% to $1.37 billion, driven by higher sales volume and improved pricing. This included $735.1 million from aerial work platforms, $263.3 million from telehandlers, and $375.4 million from other Access products.
• Vocational: Sales were relatively flat at $966.8 million, as lower refuse and recycling vehicle shipments offset improved pricing. This included $423.9 million from municipal fire apparatus, $258.0 million from airport products, $160.7 million from refuse and recycling vehicles, and $124.2 million from other Vocational products.
• Transport: Sales increased by 11.9% to $536.1 million due to higher sales volume, including the ramp-up of NGDV production, partially offset by lower defense sales volume. This included $274.5 million from defense and $261.6 million from delivery vehicles.
• Corporate and Other: Sales were $38.4 million.

Segment Operating Income (Second Quarter 2026)

• Access: Operating income decreased by 16.5% to $151.6 million (11.0% of sales). Adjusted operating income was $155.8 million (11.3% of sales).
• Vocational: Operating income decreased by 17.8% to $121.1 million (12.5% of sales). Adjusted operating income was $130.5 million (13.5% of sales).
• Transport: Operating income decreased by 11.2% to $15.8 million (2.9% of sales).
• Corporate and Other: Net operating costs decreased to - $45.3 million, primarily due to the non-recurrence of an intangible asset impairment.

Cash Flow (Six Months Ended June 30, 2026)

• Net Cash Provided by Operating Activities: $213.3 million, compared to - $305.7 million in the prior-year period.
• Net Cash Used in Investing Activities: - $42.1 million, compared to - $99.1 million in the prior-year period.
• Net Cash Used in Financing Activities: - $245.6 million, compared to $379.4 million in the prior-year period.
• Decrease in Cash and Cash Equivalents: - $76.2 million, compared to - $13.2 million in the prior-year period.
• Cash and Cash Equivalents at End of Period: $403.6 million.

Period-End Backlog (June 30, 2026)

• Consolidated: The consolidated backlog was $14,752.2 million, up from $14,225.7 million at June 30, 2025.
• Access: $1,958.2 million.
• Vocational: $6,618.8 million.
• Transport: $6,050.8 million.
• Corporate and Other: $124.4 million.

Outlook / Guidance

Oshkosh Corporation updated its full-year 2026 outlook, now expecting diluted earnings per share to be approximately $10.50 and adjusted diluted earnings per share to be approximately $11.00, both representing a decrease of approximately $0.50 from previous guidance. Net sales are projected to be approximately $11.2 billion, an increase of $200 million from prior guidance.