Oshkosh Truck

Q2 FY2026 EarningsQ2 FY26 results were mixed, with a top-line beat but a bottom-line miss on an adjusted basis. Revenue reached $2.92B (+4.6% vs. consensus), driven by strong Access equipment volume and the NGDV production ramp. However, adjusted EPS of $2.87 fell short of the $2.61 mean expectation (-10.1% vs. consensus excluding one-time tax benefits) due to unfavorable sales mix and higher manufacturing overhead. Management lowered FY26 adjusted EPS guidance to ~$11.00 (from ~$11.50) despite raising revenue targets, citing slower-than-expected throughput improvements in the Vocational segment.