Every 10-Q that BorgWarner Inc. (BWA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BWA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BWA filings page.
BorgWarner Inc. reported relatively stable revenue with stronger profitability for the quarter ended June 30, 2026. Net sales were $3,648 million versus $3,638 million a year earlier, while gross profit rose to $721 million from $640 million and operating income increased to $370 million from $289 million. Net earnings attributable to BorgWarner improved to $277 million (diluted EPS $1.34) from $224 million (EPS $1.03). For the first six months, net sales were $7,181 million versus $7,153 million, with net earnings attributable to BorgWarner rising to $519 million (EPS $2.50) from $381 million (EPS $1.75).
Operating cash flow in the first half increased to $738 million from $661 million, funding $239 million of capital expenditures, $250 million of treasury stock repurchases, and $69 million of dividends to stockholders. Cash and cash equivalents reached $2,448 million at June 30, 2026, against long-term debt of $3,863 million, with a $2 billion revolving credit facility and commercial paper program remaining undrawn. The company recorded $39 million of restructuring expense in the first half across segments and continues execution of its 2024 Structural Cost Plan and other cost actions. It highlights prior goodwill and intangible impairments in the Battery Energy Systems segment related to exiting the charging business, notes a higher product warranty liability of $269 million partly offset by a $27 million warranty recovery, and discloses an expected non-cash settlement loss of $70 million to $80 million in 2026 tied to termination of a U.S. pension plan, alongside a potential $65 million decrease in unrecognized tax benefits over the next 12 months.
BorgWarner Inc. reported stronger Q1 2026 results with higher profitability on nearly flat sales. Net sales were $3,533 million versus $3,515 million a year earlier, while net earnings attributable to BorgWarner rose to $242 million from $157 million. Diluted earnings per share increased to $1.16 from $0.72 as gross profit improved to $677 million and operating income rose to $336 million, helped by lower restructuring and impairment charges and a swing in other operating items.
Operating cash flow increased to $152 million from $82 million despite working capital outflows, and cash and cash equivalents ended at $2,110 million. Segment Adjusted Operating Income grew to $436 million from $413 million, with Drivetrain & Morse Systems and Turbos & Thermal Technologies generating solid profits and losses narrowing in PowerDrive Systems and Battery Energy Systems. The company continued restructuring actions, recording $18 million of restructuring expense in the quarter.
BorgWarner reported Q3 results showing higher sales but lower profitability. Net sales were $3,591 million versus $3,449 million a year ago, while diluted EPS from continuing operations was $0.73 compared with $1.04. Operating income was $248 million, down from $270 million, reflecting restructuring, a legal settlement, and costs tied to portfolio changes.
Year-to-date, net sales reached $10,744 million and cash from operations strengthened to $1,029 million (from $700 million), helped by lower capital spending ($307 million vs $510 million). The company exited its charging business, recording $32 million of charges and a $22 million loss on the sale of the SSE business, plus additional asset impairments of $39 million. Q3 also included a $38 million legal settlement charge within other operating expense.
Mix shifted toward traditional offerings: Foundational products were $2,985 million (Q3), while eProducts were $606 million. By segment, Q3 revenue totaled $1,436 million in Turbos & Thermal Technologies, $1,447 million in Drivetrain & Morse Systems, $576 million in PowerDrive Systems, and $132 million in Battery & Charging Systems.
BorgWarner (BWA) 10-Q – quarter ended 30 Jun 2025. Net sales rose 1.0% to $3.64 bn, but cost inflation and restructuring cut operating income 3% to $289 m and diluted EPS from continuing ops to $1.03 (-26% YoY). Gross margin slipped 110 bp to 17.6%. Six-month revenue was flat (-0.6%) at $7.15 bn; YTD diluted EPS fell 25% to $1.75.
Cash & leverage. Operating cash flow more than doubled to $661 m (H1-24: $344 m) driven by working-capital release, funding $196 m capex and $108 m buybacks while still trimming net debt: short-term borrowings dropped to $6 m (2024YE $398 m) and long-term debt increased modestly to $3.90 bn. Cash & equivalents remain strong at $2.04 bn; total liquidity covers 0.9× LTM sales. Equity improved to $6.07 bn on earnings and a $152 m favorable OCI swing, lowering AOCI deficit to –$868 m.
Strategic moves & charges. The company exited its EV charging business, selling China-based SSE for $7 m and recording $32 m exit costs plus $22 m asset impairments. Combined with ongoing 2024/2023 restructuring plans, total Q2 restructuring expense was $17 m; YTD $48 m. Management reiterated its four-segment structure launched 1 Jul 2024 and booked $6 m CEO transition costs.
Segment trends. eProduct revenue grew 14% to $658 m (18% of sales), partially offsetting a 2% decline in foundational products. Regionally, Asia and Europe remained stable while North America dipped 4%.
Tax & outlook. Effective tax rate normalised to 18% (Q2-24: –10% due to prior-year audit benefits). No forward guidance given in the filing.