Q2 26 EPS
$1.56
BEAT +31.02%
Est. $1.19
Q2 26 Revenue
$1.56B
BEAT +2.34%
Est. $1.52B
vs S&P Since Q2 26
-2.5%
TRAILING MARKET
BC +1.6% vs S&P +4.0%
Market Reaction
Did BC Beat Earnings? Q2 2026 Results
Brunswick Corporation delivered a standout second quarter of 2026, posting adjusted diluted EPS of $1.56 and beating the $1.19 consensus estimate by 31.02%, extending the company's streak of topping analyst EPS expectations to five consecutive quarte… Read more Brunswick Corporation delivered a standout second quarter of 2026, posting adjusted diluted EPS of $1.56 and beating the $1.19 consensus estimate by 31.02%, extending the company's streak of topping analyst EPS expectations to five consecutive quarters. Revenue of $1.56 billion rose 7.7% year over year and cleared the $1.52 billion consensus by 2.34%, driven in part by the recognition of net IEEPA tariff refunds that lifted results across segments, most visibly in the Navico Group, where adjusted operating margin surged 680 basis points to 12.1%. All four reporting segments posted year-over-year sales growth for the fourth straight quarter, with Propulsion leading in absolute terms at $644.00 million, up 7.7%. Management noted that even excluding the IEEPA benefit, underlying operating performance came in well ahead of expectations, with adjusted operating margin expanding 90 basis points to 9.6%. Looking ahead, Brunswick raised its full-year 2026 adjusted EPS guidance to a range of $4.35 to $4.75 and lifted its net sales outlook to $5.70 billion to $5.80 billion, signaling continued confidence in demand across its premium-oriented portfolio.
Key Takeaways
- • Steady OEM orders and high market share in Propulsion
- • Healthy boating participation driving parts and accessories demand
- • Premium and core model mix shift benefiting Boat segment
- • Pricing actions taken in prior periods flowing through results
- • Recognition of IEEPA tariff refunds boosting Navico Group margins
- • Disciplined operational execution and cost removal actions
- • Freedom Boat Club network expansion to 450 global locations with 13% first-half trip growth
BC Forward Guidance & Outlook
Brunswick raised its full-year 2026 guidance: net sales of $5.7 billion to $5.8 billion; adjusted operating margin of approximately 8.0%; adjusted diluted EPS of $4.35 to $4.75; and free cash flow of $400 million or more. For Q3 2026, the company expects revenue of $1.4 billion to $1.5 billion and adjusted diluted EPS of $1.20 to $1.40. Full-year incremental tariffs are expected to be approximately $40 million, with the year-over-year impact heavily weighted to the first half. The company expects approximately $25 to $30 million of net IEEPA refunds to be recognized in 2026. Brunswick remains on track to retire at least $160 million of debt in 2026 and has repurchased $35 million of shares year-to-date. An Investor Day is scheduled for August 11, 2026, at Mercury Marine headquarters.
BC YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
BC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Brunswick delivered a strong second quarter despite a turbulent macroeconomic and geopolitical environment, with financial performance ahead of expectations and year-over-year sales growth across all reporting segments for the fourth consecutive quarter.”
— David Foulkes, Q2 2026 Earnings Press Release
BC Earnings Trends
BC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BC EPS Trend
Earnings per share: estimate vs actual
BC Revenue Trend
Quarterly revenue: estimate vs actual
BC Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.19 | $1.56 | +31.02% | $1.56B | +2.34% |
| Q1 26 BEAT | $0.45 | $0.70 | +54.29% | $1.38B | +4.20% |
| Q4 25 BEAT FY | $0.57 | $0.58 | +2.00% | $1.33B | +10.28% |
| FY Full Year | $3.26 | $3.27 | +0.38% | $5.36B | +2.39% |
| Q3 25 BEAT | $0.86 | $0.97 | +13.30% | $1.36B | +7.81% |
| Q2 25 BEAT | $0.95 | $1.16 | +21.80% | $1.45B | +15.10% |
| Q1 25 BEAT | $0.22 | $0.56 | +155.13% | $1.22B | +7.59% |