Q1 26 EPS
$0.85
MISS 18.25%
Est. $1.04
Q1 26 Revenue
$2.32B
BEAT +1.11%
Est. $2.29B
vs S&P Since Q1 26
-5.3%
TRAILING MARKET
OSK -0.1% vs S&P +5.2%
Market Reaction
Did OSK Beat Earnings? Q1 2026 Results
Oshkosh Corporation delivered a disappointing fiscal first quarter for 2026, posting adjusted EPS of $0.85 against a consensus estimate of $1.04, an 18.25% miss that extended the company's streak to two consecutive quarters of falling short on the bo… Read more Oshkosh Corporation delivered a disappointing fiscal first quarter for 2026, posting adjusted EPS of $0.85 against a consensus estimate of $1.04, an 18.25% miss that extended the company's streak to two consecutive quarters of falling short on the bottom line. Revenue of $2.32 billion edged ahead of expectations by 1.11% but was essentially unchanged from a year ago, rising just 0.2% as pricing and currency adjustments offset weaker volume. The most significant drag on profitability came from the Access segment, where operating income plunged 66.3% to $34.70 million on adverse sales mix and unfavorable price-cost dynamics, pulling consolidated operating margin down to 3.5% from 7.6% in the prior-year quarter. A relative bright spot was the Transport segment, where surging Next Generation Delivery Vehicle production for the U.S. Postal Service lifted sales 10.8% to $512.80 million. Analysts at multiple firms lowered price targets following the report, though management reaffirmed its full-year 2026 adjusted EPS guidance of approximately $11.50 on net sales of roughly $11.00 billion, citing solid demand visibility across segments for the remainder of the year.
Key Takeaways
- • Adverse sales mix in Access and Vocational segments
- • Unfavorable price-cost dynamics in Access segment
- • Higher manufacturing overhead costs across segments
- • Lower sales volume in Access and Vocational segments
- • NGDV production ramp-up driving Transport growth
- • Lower adverse cumulative catch-up adjustments in Transport
- • Weather- and travel-related disruptions impacting fire truck deliveries
- • Improvements at Pratt Miller reducing corporate costs
OSK YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
OSK Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered first quarter adjusted earnings per share of $0.85 reflecting lower results in our Access and Vocational segments compared with last year. While fire truck production improved year-over-year, deliveries were below our expectations, driven in part by weather- and travel-related disruptions.”
— John Pfeifer, Q1 2026 Earnings Press Release
OSK Earnings Trends
OSK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OSK EPS Trend
Earnings per share: estimate vs actual
OSK Revenue Trend
Quarterly revenue: estimate vs actual
OSK Quarterly Results
11 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $2.61 | $2.87 | +10.06% | $2.92B | +4.58% |
| Q1 26 MISS | $1.04 | $0.85 | -18.25% | $2.32B | +1.11% |
| Q4 25 MISS FY | $2.31 | $2.26 | -2.24% | $2.69B | +3.53% |
| FY Full Year | $10.86 | $10.79 | -0.63% | $10.42B | +0.88% |
| Q3 25 BEAT | $3.10 | $3.20 | +3.32% | $2.69B | -5.06% |
| Q2 25 BEAT | $2.95 | $3.41 | +15.70% | $2.73B | +2.65% |
| Q4 24 BEAT FY | $2.18 | $2.58 | +18.21% | $2.62B | +8.47% |
| FY Full Year | $11.33 | $11.74 | +3.61% | $10.76B | +1.99% |
| Q2 24 BEAT | $2.98 | $3.34 | +12.08% | $2.85B | +3.39% |
| Q1 24 BEAT | $2.25 | $2.89 | +28.44% | $2.54B | +2.41% |
| Q2 23 BEAT | $1.62 | $2.69 | +66.05% | $2.41B | +7.62% |
| Q4 22 MISS FY | $1.73 | $1.60 | -7.51% | $2.20B | +0.95% |
| FY Full Year | — | $3.46 | — | $8.28B | — |
| Q3 22 MISS | $1.23 | $1.00 | -18.70% | $2.07B | -4.47% |