Q2 26 EPS
$0.27
BEAT +13.07%
Est. $0.24
Q2 26 Revenue
$657.4M
BEAT +4.82%
Est. $627.2M
vs S&P Since Q2 26
-31.6%
TRAILING MARKET
WGO -17.1% vs S&P +14.4%
Market Reaction
Did WGO Beat Earnings? Q2 2026 Results
Winnebago Industries posted a convincing beat across both top and bottom lines in fiscal Q2 2026, with the RV and outdoor recreation manufacturer reporting earnings of $0.27 per share, topping the $0.24 consensus estimate by 13.07%, while revenue cli… Read more Winnebago Industries posted a convincing beat across both top and bottom lines in fiscal Q2 2026, with the RV and outdoor recreation manufacturer reporting earnings of $0.27 per share, topping the $0.24 consensus estimate by 13.07%, while revenue climbed 6.0% year-over-year to $657.40 million against expectations of $627.16 million. The standout driver was a resurgent Motorhome segment, where revenue surged 29.3% to $304.70 million on new product introductions and Grand Design expansion, helping offset modest declines in Towable RV and Marine. A $100.00 million redemption of Senior Secured Notes also proved strategically meaningful, pulling gross leverage down from 4.0x to 3.2x and signaling management's commitment to balance sheet discipline, a theme reinforced by the company's 47th consecutive quarterly dividend of $0.35 per share. Looking ahead, Winnebago maintained its fiscal 2026 revenue guidance of $2.80 billion to $3.00 billion and adjusted EPS of $2.10 to $2.80, with CEO Michael Happe pointing to new product launches and cost actions as key supports for second-half performance despite lingering tariff and macro uncertainties.
Key Takeaways
- • Selective price adjustments across segments boosted revenue
- • New product launches and Grand Design expansion drove 29.3% Motorhome RV revenue growth
- • Cost reduction initiatives lowered SG&A by 1.9%
- • Volume leverage in Motorhome RV segment improved operating margins by 270 basis points
- • Diversified portfolio across Towable RV, Motorhome RV, and Marine helped navigate category variability
WGO YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
WGO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our team delivered a solid quarter and executed with diligence in a challenging market. Dealers remain focused on profitable cash flow and disciplined inventory, and we are managing the business with that sentiment in mind. While seasonal factors and unfavorable winter weather tempered retail activity during the quarter, several segments still showed signs of resilience.”
— Michael Happe, Q2 2026 Earnings Press Release
WGO Earnings Trends
WGO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WGO EPS Trend
Earnings per share: estimate vs actual
WGO Revenue Trend
Quarterly revenue: estimate vs actual
WGO Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 MISS | $0.78 | $0.66 | -14.89% | $698.7M | -7.84% |
| Q2 26 BEAT | $0.24 | $0.27 | +13.07% | $657.4M | +4.82% |
| Q1 26 BEAT | $0.14 | $0.38 | +177.37% | $702.7M | +11.26% |
| Q4 25 MISS FY | $0.53 | $0.49 | -7.88% | $777.3M | +7.01% |
| FY Full Year | $1.49 | $0.91 | -39.00% | $2.80B | +1.89% |
| Q3 25 BEAT | $0.79 | $0.81 | +2.22% | $775.1M | +0.04% |
| Q2 25 BEAT | $0.16 | $0.19 | +19.20% | $620.2M | +0.57% |