S&P 500
7,588.60
+0.51%
Dow Jones
52,758.90
+0.47%
Nasdaq 100
29,885.70
+0.46%
Russell 2000
2,982.51
-0.27%
FTSE 100
10,543.60
+0.61%
Nikkei 225
69,317.20
+0.42%
Winnebago Industries

Winnebago Industries (WGO) Q1 2026 Earnings

Reported Dec 19, 2025 at 7:46 AM ET · SEC Source

Q1 26 EPS

$0.38

BEAT +177.37%

Est. $0.14

Q1 26 Revenue

$702.7M

BEAT +11.26%

Est. $631.6M

vs S&P Since Q1 26

-43.7%

TRAILING MARKET

WGO -32.7% vs S&P +10.9%

Market Reaction

Did WGO Beat Earnings? Q1 2026 Results

Winnebago Industries delivered a standout first quarter of Fiscal 2026, with results that broadly exceeded Wall Street expectations and signaled a meaningful operational recovery for the recreational vehicle maker. Revenue climbed 12.3% year-over-yea… Read more Winnebago Industries delivered a standout first quarter of Fiscal 2026, with results that broadly exceeded Wall Street expectations and signaled a meaningful operational recovery for the recreational vehicle maker. Revenue climbed 12.3% year-over-year to $702.70 million, well ahead of the $631.57 million consensus, while adjusted diluted EPS of $0.38 topped the $0.14 estimate by 177.37%, a sharp reversal from an adjusted loss of $0.03 per share in the year-ago period. The driving force behind the beat was a strategic pivot toward higher-value product mix, particularly premium Newmar motorhome offerings, which allowed the Motorhome RV segment to swing to operating profitability despite an 8.3% decline in unit deliveries. Towable RV also contributed meaningfully, with revenue rising 15.5% on 12.2% higher unit volumes. Encouraged by the momentum, management raised its full-year revenue outlook to $2.80 billion to $3.00 billion and lifted adjusted EPS guidance to $2.10 to $2.80, with analysts noting that new product introductions and operational discipline remain central to sustaining the trajectory.

Key Takeaways

  • • Higher unit volume in Towable RV segment with 12.2% increase in deliveries
  • • Favorable product mix shift toward premium Newmar products in Motorhome segment
  • • Selective price increases across all segments
  • • Volume leverage improving gross profit margin by 40 basis points to 12.7%
  • • Cost reduction initiatives reducing operating expenses by 3.2%
  • • Production discipline and strong cost management
24/7 Wall St

WGO YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

WGO Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q3 26

“Winnebago Industries performed ahead of our expectations in the first quarter and demonstrated clear progress on our priorities. Although the retail demand environment is dynamic and dealer order patterns remain highly seasonal, we delivered meaningful top-line growth and margin expansion in both our Motorhome and Towable RV segments. These results were driven primarily by new products, select pricing actions, production discipline, strong cost management, and the benefit of a product portfolio that is increasingly aligned to where consumers are spending. We also strengthened our balance sheet, reinforcing the financial flexibility that supports our long-term ambitions.”

— Michael Happe, Q1 2026 Earnings Press Release

Back to WGO Stock Page