Oshkosh Sales Climb 5.7% in Q3, but Full-Year Profit Guidance Is Trimmed

what happened

Oshkosh says its third-quarter 2026 revenue reached $2.84 billion, a 5.7% gain from $2.69 billion a year earlier, according to a TradingView summary of the company's SEC filing. Profitability weakened, though: diluted earnings per share dropped to $2.22 from $3.04, and adjusted EPS came in at $2.41 versus $3.20.

Management blamed lower fire apparatus output and a smaller expected volume of NGDV vehicles for the reduced outlook. Its Access segment grew on higher North American volume and better pricing, while Vocational sales fell and the manufacturing modernization is taking longer than planned.

For the full year, the company now projects diluted EPS of $8.00 to $9.00 and adjusted EPS of $8.50 to $9.50, with sales near $11.0 billion. The board also approved a quarterly dividend of $0.57 per share, payable November 30, 2026, to holders of record on November 16.

why it matters

A lower outlook alongside rising sales points to margin pressure from production delays rather than weak demand, since the company says its fire truck backlog remains elevated. The low end of the EPS range allows for no NGDV order in 2026, which adds uncertainty for the defense-related business.

market impact

Oshkosh shares: lower full-year EPS guidance and weaker profit pressure the stock

• ▼Oshkosh shares pressure down — cut full-year EPS guidance and lower quarterly profit

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