What changed
Adjusted EPS of $1.39 beat consensus of $1.25 by $0.14 (+11.1%), with GAAP diluted EPS up 47.9% YoY to $1.08. Revenue came in at $3,487M, down 2.9% YoY (organic down 3.1%), as declining market production volumes and lower Battery Energy Systems segment sales weighed on the top line. FY2026 adjusted EPS guidance was raised to $5.20–$5.35 (from $5.05–$5.30) on share repurchases and a lower full-year effective tax rate, with GAAP EPS guided to $4.65–$4.84.
Why it matters
Adjusted EPS of $1.39 beat consensus of $1.25 by $0.14 (+11.1%), with GAAP diluted EPS up 47.9% YoY to $1.08. Revenue came in at $3,487M, down 2.9% YoY (organic down 3.1%), as declining market product