Companies /Consumer Cyclical

Winnebago Industries Inc

NYSE: WGO Recreational Vehicles
$30.81
▼ $1.08 (−3.39%) today
Markets closed · 2:14am ET

Q2 2026 Earnings

Reported Mar 25, 2026, 7:57am ET · SEC source
$0.27
Beat +13.07%
EPS · est. $0.24
$657.4M
Beat +4.82%
Revenue · est. $627.2M
−10.4%
Trailing market
WGO vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−6%−3%0Mar 25Mar 26report 7:57am ETearnings−1.9%−7.2%
−6%−3%0Mar 25Mar 26earnings−1.9%−7.2%
WGO −7.2%S&P 500 −1.9%
−6%−3%0Mar 25Mar 26report 7:57am ETearnings−2.5%−7.2%
−6%−3%0Mar 25Mar 26earnings−2.5%−7.2%
WGO −7.2%NASDAQ −2.5%
−10%−5%0Mar 24Apr 2report 7:57am ETearnings−2.3%−13.0%
−10%−5%0Mar 24Apr 2earnings−2.3%−13.0%
WGO −13.0%S&P 500 −2.3%
−10%−5%0Mar 24Apr 2report 7:57am ETearnings−3.2%−13.0%
−10%−5%0Mar 24Apr 2earnings−3.2%−13.0%
WGO −13.0%NASDAQ −3.2%
−6.87%
Day of report
+0.55%
Next session
−7.53%
One week
−1.53%
30 days

S&P 500 over the same 30 days: +8.88%.

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 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

“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.”

Winnebago Industries CEO, on the earnings call

Forward Guidance & Outlook

For calendar year 2026, Winnebago Industries expects North American RV wholesale shipments in the range of 315,000 to 345,000 units. The company is maintaining its fiscal 2026 guidance for consolidated net revenues of $2.8 billion to $3.0 billion and adjusted EPS of $2.10 to $2.80. Reported EPS guidance was updated to $1.50 to $2.20 (from prior $1.40 to $2.10). Management expects new products and cost management actions implemented in the first half to support second-half performance, though the outlook remains subject to macro events including impacts on commodity prices from trade policy, competitive dynamics, consumer sentiment, and overall demand.

WGO YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$200.0M$400.0M$600.0M$620.2M$657.4MRevenue$83.1M$85.6MGross Profit$7.8M$11.8MOperating Income$342,857$4.8MNet Income
$0$200.0M$400.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

WGO Revenue by Segment

Towable RV$262.4M−9.0%
Motorhome RV$304.7M+29.3%
Marine$79.2M−3.0%

Figures from SEC filings and company reports. Not investment advice.