Sonic Automotive and Oshkosh: revenue rises, but quarterly earnings fall

what happened

Sonic Automotive (SAH) reported record third-quarter revenue and gross profit. Growth at EchoPark and Powersports offset weakness in the Franchised Dealerships segment. Net income and adjusted EPS, however, declined year over year. The company's near-term focus is on expense leverage and disciplined investment.

Oshkosh (OSK) lifted third-quarter revenue 5.7% from a year earlier. Adjusted operating income and adjusted EPS fell, though, as the Vocational and Transport segments performed worse. For 2026 the company guides to adjusted EPS of $8.50 to $9.50 and free cash flow of $600 million to $700 million.

The details are based on reports published by TradingView.

why it matters

The picture is mixed: sales growth at both companies has not yet translated into higher profit. Investors typically watch margins and cash flow, so uneven segment results matter for judging the next reports.

market impact

SAH and OSK shares: revenue growth is offset by lower profit, so pressure on the stocks is mixed

• ↔SAH, shares mixed — record revenue and gross profit sit alongside lower net income
• ▼OSK, shares pressure down — lower adjusted operating income and EPS outweigh the revenue gain

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