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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Ken Hoexter | Bank of America | 9 questions · 22% challenging |
| Jerry Revich | Wells Fargo | 9 questions · 0% challenging |
| Bascome Majors | Stephens | 8 questions · 13% challenging |
| Angel Castillo | Morgan Stanley | 8 questions · 25% challenging |
| Tami Zakaria | JPMorgan | 8 questions · 0% challenging |
| Ben Mohr | Citigroup | 7 questions · 0% challenging |
| Scott Group | Wolfe Research | 7 questions · 0% challenging |
| Rob Wertheimer | Melius Research | 6 questions · 0% challenging |
| Steve Barger | KeyBanc Capital Markets | 6 questions · 0% challenging |
| Brady Lierz | Stephens | 6 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Stephens | 3 analysts | 17 questions · 12% challenging |
| Bank of America | 2 analysts | 13 questions · 15% challenging |
| Wolfe Research | 2 analysts | 12 questions · 0% challenging |
| Morgan Stanley | 2 analysts | 12 questions · 17% challenging |
| KeyBanc Capital Markets | 2 analysts | 11 questions · 0% challenging |
| Wells Fargo | 1 analyst | 9 questions · 0% challenging |
| JPMorgan | 1 analyst | 8 questions · 0% challenging |
| Citigroup | 1 analyst | 7 questions · 0% challenging |
No 8-K events recorded for this window.
Reporting soon: earnings call Wednesday, Oct 21
A pre-earnings brief is ready for WAB: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
Wabtec delivered Q1 sales of $3B up 13% with adjusted EPS of $2.71 growing 18.9%, raising FY2026 EPS guidance to $10.25-$10.65 representing approximately 17% growth at midpoint. The multiyear backlog surpassed $30B up 38% fueled by a multibillion-dollar mining drive systems order, while the first EVO modernization build commenced. Acquisitions ran ahead of plan but tariff headwinds were peaking, and North American modernization deliveries declined double digits as the digital portfolio exit impacted organic growth.
Demand | Revenue Growth | Margin | Guidance Reliability | Trade Tariffs | M&A | Innovation & R&D | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 7 | 5 | 4 | 1 | 2 | 4 | |
| 2025Q1 | 3 | 1 | 3 | 3 | 7 | 3 | ||
| 2025Q2 | 5 | 3 | 2 | 1 | 1 | 5 | 3 | |
| 2025Q3 | 5 | 6 | 4 | 3 | 3 | 3 | 2 | 2 |
| 2025Q4 | 11 | 4 | 5 | 4 | 1 | 1 | 2 | |
| 2026Q1 | 9 | 5 | 6 | 3 | 3 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 3 | 3 | 5 | 5 | 11 | 9 |
| Revenue Growth | 7 | 1 | 3 | 6 | 4 | 5 |
| Margin | 5 | 3 | 2 | 4 | 5 | 6 |
| Guidance Reliability | 4 | 3 | 1 | 3 | 4 | 3 |
| Trade Tariffs | 1 | 7 | 1 | 3 | 1 | 3 |
| M&A | 5 | 3 | 1 | 3 | ||
| Innovation & R&D | 2 | 3 | 2 | 2 | 2 | |
| Pricing | 4 | 3 | 2 |
Calendar quarter Q1 2026Earnings call Apr 22, 2026
FY2026 Q1 in brief
Wabtec delivered Q1 sales of $3B up 13% with adjusted EPS of $2.71 growing 18.9%, raising FY2026 EPS guidance to $10.25-$10.65 representing approximately 17% growth at midpoint.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Wabtec (WAB), FY2026 Q1: 8/10. Scores: Wabtec’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: WAB daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.58B | +2.3% | $1.23 | +2.5% | 30.9% | 12.9% | 8.2% | $639M |
| FY2025 Q1 | $2.61B | +4.5% | $1.88 | +22.9% | 34.5% | 18.2% | 12.3% | $147M |
| FY2025 Q2 | $2.71B | +2.3% | $1.96 | +19.5% | 34.7% | 17.4% | 12.4% | $170M |
| FY2025 Q3 | $2.89B | +8.4% | $1.81 | +11.0% | 34.7% | 17.0% | 10.7% | $450M |
| FY2025 Q4 | $2.96B | +14.8% | $1.18 | -4.1% | 30.0% | 12.6% | 6.8% | $870M |
| FY2026 Q1Selected | $2.95B | +13.0% | $2.12 | +12.8% | 36.0% | 17.5% | 12.3% | $153M |
| FY2026 Q2 | $3.18B | +17.5% | $2.33 | +18.9% | 36.5% | 18.9% | 12.4% | $243M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
GAAP revenue YoY +13.0% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
What WAB and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we've been getting asked a lot about the [ Alstom ] recent guide pull on their internal and supplier bottlenecks and affecting the ramp up, including the [ Coradia ] platform, where you have a door and HVAC contract in Norway”
Analyst flags Alstom's guidance cut and supplier bottlenecks; Wabtec supplies doors/HVAC into Alstom's Coradia platform in Norway.
“This was driven by contributions from the Inspection Technologies and Frauscher acquisitions”
The Frauscher acquisition contributed to Digital Intelligence sales growth and higher gross margins.
“This was driven by contributions from the Inspection Technologies and Frauscher acquisitions”
The Inspection Technologies acquisition drove Digital Intelligence sales up ~76% and lifted Freight gross margin.
“even after funding the purchase of Dellner during the quarter for approximately $1 billion”
Wabtec funded its ~$1B Dellner acquisition this quarter, enhancing its Transit coupler/brake portfolio.
“We signed a $54 million brake and couplers order with Kawasaki for the New York City Transit”
Kawasaki placed a $54M brake-and-coupler order with Wabtec for New York City Transit railcars.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
WAB Wabtec | 8 | +13.0% | |
| CSX CSX Corporation | 7 | +1.7% | |
| NSC Norfolk Southern Railway | 5 | +0.2% | |
| UNP Union Pacific Corporation | 6 | +3.1% |