OSK OSHKOSH CORP

BEARISH Impact: 7/10 8-K
Horizon days Filed May 8, 2026 Processed 1mo ago SEC 0001193125-26-213376
8-K Item 2.02: Earnings release
Latest settled — T+20d ⚠ clustered
OSK ▼ -5.39% at T+20d
SHORT call ✓ call won +5.39% · α vs SPY +5.42% · entry $137.97 → $130.53
Next anchor: T+60d in 7w
Currently $135.05 · +2.12% from $137.97 entry (call sign-flipped)
Entry anchored
May 8, 07:00 AM ET
via Databento tick
T+1d
-2.86%
call +2.86% · α +3.09%
$134.03
settled 5w ago
T+5d
-8.59%
call +8.59% · α +10.05%
$126.12
settled 29d ago
T+20d
-5.39%
call +5.39% · α +5.42%
$130.53
settled 5d ago
T+60d
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call — · α —
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in 7w

Price Chart

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Executive Summary

Oshkosh Corp reported a weak Q1 2026 with GAAP EPS of $0.68 (adjusted $0.85), a steep decline from $1.72/$1.92 in the prior year, driven by a 53.2% drop in operating income due to unfavorable sales mix and higher costs. Revenue was flat at $2.32B, and while the company maintained its full-year adjusted EPS guidance of $11.50, the severe miss vs consensus ($1.04) and deteriorating margins signal significant near-term headwinds.

Key Financial Metrics

Guidance
~$11.0B
maintained
Gross Margin
13.46%

Actionable Insight

The severe earnings miss and operating income collapse in Access and Vocational segments overshadow the maintained guidance. Watch for potential guidance cuts on the next earnings call if Access weakness persists. The stock is likely to sell off sharply on the magnitude of the miss.

Key Facts

  • GAAP diluted EPS of $0.68 vs $1.72 YoY, a 60.5% decline
  • Adjusted diluted EPS of $0.85 vs $1.92 YoY, a 55.7% decline
  • Consolidated operating income fell 53.2% to $82.0M (3.5% of sales) from $175.4M (7.6% of sales)
  • Revenue was essentially flat at $2.32B (+0.2% YoY)
  • Access segment operating income plunged 66.3% to $34.7M; Vocational fell 28.1% to $84.7M
  • Full-year 2026 adjusted EPS guidance maintained at ~$11.50 on ~$11.0B revenue
  • Company repurchased 303,592 shares for $47.3M in Q1
  • Quarterly dividend maintained at $0.57/share

Financial Impact

EPS miss of ~18% vs consensus ($0.85 actual vs $1.04 estimate); operating income halved YoY

epsoperating incomeoperating marginsegment profitability

Risk Factors

  • Further deterioration in Access segment margins from adverse mix and price-cost dynamics
  • Guidance cut risk if non-residential construction weakness deepens
  • Execution risk on NGDV ramp and fire truck production

Market Snapshot

Exchange
NYSE
Sector
Motor Vehicles & Passenger Car Bodies
Analyst Consensus
68% bullish (22 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-213376
Document: osk-20260508.htm0001193125-26-213376
Document: 0001193125-26-213376-index-headers.html0001193125-26-213376
Document: 0001193125-26-213376-index.html0001193125-26-213376
Document: 0001193125-26-213376.txt0001193125-26-213376
8-K Data (Synthetic)0001193125-26-213376

US Market Status

Market Closed — Opens Mon (48h 56m)

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