BorgWarner (BWA) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and BorgWarner published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. BorgWarner reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• BorgWarner renamed its Battery & Charging Systems segment Battery Energy Systems in Q1 2026 after exiting the charging business. The segment's composition did not change and prior periods were not recast.

Source: BorgWarner Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How BorgWarner splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• BorgWarner's Turbos & Thermal Technologies revenue was $1.4 billion in Q3 2026, down 5% from $1.4 billion in Q3 2025, 39% of total revenue.
• BorgWarner's Drivetrain & Morse Systems revenue was $1.3 billion in Q3 2026, down 7% from $1.5 billion in Q3 2025, 39% of total revenue.
• BorgWarner's PowerDrive Systems revenue was $705 million in Q3 2026, up 21% from $582 million in Q3 2025, 20% of total revenue.
• BorgWarner's Battery Energy Systems revenue was $78.0 million in Q3 2026, down 41% from $132 million in Q3 2025, 2% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, BorgWarner said:

“Net sales are expected to be in the range of $14.0 billion to $14.2 billion in 2026, compared with 2025 net sales of approximately $14.3 billion.”

“U.S. GAAP operating margin is expected to be in the range of 9.3% to 9.6% in 2026.”

“Excluding the impact of non-comparable items, adjusted net earnings are expected to be in the range of $5.20 to $5.35 per diluted share, compared with the Company's previous adjusted net earnings guidance range of $5.05 to $5.30 per diluted share.”

“Full year operating cash flow is expected to be in the range of $1,600 million to $1,700 million, while free cash flow is expected to be in the range of $900 million to $1,100 million, consistent with the Company's previous guidance.”

Source: BorgWarner Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the BWA forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's release. The Q4 2025 loss of $1.23 per diluted share included $2.58 per diluted share of net losses from non-comparable items; adjusted EPS that quarter was $1.35.

We do not hold a confirmed date for BorgWarner's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

BorgWarner's net sales were $3,487 million in Q3 2026, down about 2.9% from $3,591 million, and organic net sales, which exclude currency effects, fell 3.1%. BorgWarner said the decline was mainly driven by declining market production volumes and lower Battery Energy Systems segment sales. Turbos & Thermal Technologies ($1,372 million) and Drivetrain & Morse Systems ($1,346 million) made up most of the total. (BorgWarner Q3 2026 release, Oct 29, 2026)

BorgWarner's Turbos & Thermal Technologies sales fell $65 million, or 5%, on lower volumes in Europe and Asia, and Drivetrain & Morse Systems fell $106 million, or 7%, on lower volumes in Asia and North America. PowerDrive Systems grew $123 million, or 21%, to $705 million, on volume, mix and net new business, primarily in Europe, and customer recoveries. Battery Energy Systems sales fell $54 million, or 41%, to $78 million on lower demand in Europe. (BorgWarner Form 10-Q, Q3 2026, Oct 29, 2026; BorgWarner Q3 2026 release, Oct 29, 2026)

BorgWarner sells mostly outside the U.S.: about 84% of 2025 net sales were generated outside the United States, and about 21% were attributable to China. Volkswagen accounted for about 13% of 2025 consolidated net sales and Ford about 12%, and the top ten customers for 71%. (BorgWarner Form 10-K, 2025, Feb 11, 2026)

In Q1 2026 BorgWarner renamed its Battery & Charging Systems segment Battery Energy Systems after exiting the charging business. The 10-Q says the change did not alter the segment's composition, and prior periods are presented as previously reported. (BorgWarner Form 10-Q, Q3 2026, Oct 29, 2026)

BorgWarner's GAAP diluted EPS was $1.08 in Q3 2026, against $0.73, and adjusted EPS was $1.39, against $1.24. Adjusted EPS excludes $0.31 per share of net non-comparable items, the largest being restructuring expense ($0.20), accelerated depreciation ($0.04), a U.S. pension plan settlement loss ($0.04) and a loss on debt extinguishment ($0.02). A year earlier the exclusions totaled $0.51, including $0.18 for a legal settlement. (BorgWarner Q3 2026 release, Oct 29, 2026)

BorgWarner attributed the rise in adjusted EPS mainly to a lower full year effective tax rate and a lower share count from buybacks in 2025 and 2026. Diluted shares fell to 204.6 million from 216.5 million. BorgWarner repurchased about $175 million of its shares in the quarter and cut its gross debt by $864 million through a debt tender and make-whole redemption. (BorgWarner Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

BorgWarner gives full-year guidance in its release. With Q3 2026 results it raised 2026 adjusted EPS guidance to $5.20 to $5.35, from $5.05 to $5.30, and narrowed net sales guidance to $14.0 billion to $14.2 billion, from $14.0 billion to $14.3 billion. The sales range assumes BorgWarner's weighted light vehicle market is down 2% to down 1% and includes an expected Battery Energy Systems decline of about $250 million. (BorgWarner Q3 2026 release, Oct 29, 2026)

For 2026 BorgWarner also expects GAAP EPS of $4.65 to $4.84, adjusted operating margin of 10.7% to 10.9% and free cash flow of $900 million to $1,100 million. (BorgWarner Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover BorgWarner, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones BorgWarner's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning BWA is on is BWA a buy or a sell?, what analysts expect next is on the BWA forecast, and what the company does is on the BorgWarner (BWA) stock page.

Every number on this page can be traced to a document BorgWarner published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.