BorgWarner
Supplies propulsion, drivetrain and electrification systems to vehicle manufacturers worldwide.
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Profile
Supplies vehicle manufacturers with turbocharging, drivetrain, thermal, emissions and electrified-propulsion systems. Revenue comes from component and systems programs across combustion, hybrid and electric platforms, with an acquisition-built portfolio operating across Europe, Asia and the Americas and still balancing legacy propulsion with newer electric technologies.
Supplies vehicle manufacturers with propulsion and drivetrain technologies spanning combustion, hybrid and electric platforms. The portfolio covers turbocharging, thermal and emissions systems, chains and clutches, electric motors, inverters, integrated drive modules, battery systems, charging equipment and software.
Operates across Europe, Asia and the Americas, combining product development with acquisitions to add specialized capabilities. A decentralized operating model supports integration and manufacturing execution, while the Delphi Technologies and AKASOL deals broadened power electronics and commercial-vehicle battery offerings.
Carries a century-scale mechanical heritage while shifting the portfolio toward electrified propulsion. The business remains dependent on vehicle-manufacturer programs and a mixed technology cycle; combustion-derived products still fund the transition, and acquired electrification assets have required valuation adjustments. Fuel Systems and Aftermarket belong to PHINIA after the 2023 spin-off.
Company facts
Key statistics
Year to date +37.4% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Barclays | Reiterate | Overweight | $83 | $85 | |
| Aug 6, 2026 | Robert W. Baird | Target | $76 | $79 | ||
| Aug 6, 2026 | Deutsche Bank | Target | $81 | $80 | ||
| Aug 6, 2026 | Morgan Stanley | Reiterate | Equal Weight | $67 | $71 | |
| Jul 9, 2026 | Barclays | Reiterate | Overweight | $75 | $83 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.28 | $1.42 | +10.9% | $3.58B | $3.65B | +1.8% | +5.93% |
| May 6, 2026Q1 FY26 | $1.16 | $1.24 | +6.9% | $3.50B | $3.53B | +1.0% | −2.07% |
| Feb 11, 2026Q4 FY25 | $1.16 | $1.35 | +16.4% | $3.53B | $3.57B | +1.2% | +0.68% |
| Oct 30, 2025Q3 FY25 | $1.16 | $1.24 | +6.9% | $3.48B | $3.59B | +3.1% | −2.67% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.52B | $3.64B | $3.59B | $3.57B | $3.53B | $3.65B | |
| Gross profit | $639.0M | $640.0M | $665.0M | $729.0M | $677.0M | $721.0M | |
| Operating income | $326.0M | $320.0M | $323.0M | $396.0M | $349.0M | $370.0M | |
| Net income | $157.0M | $224.0M | $158.0M | −$262.0M | $242.0M | $277.0M | |
| Diluted EPS | $0.72 | $1.03 | $0.73 | −$1.23 | $1.16 | $1.34 | |
| Gross margin | 18.2% | 17.6% | 18.5% | 20.4% | 19.2% | 19.8% | |
| Operating margin | 9.3% | 8.8% | 9.0% | 11.1% | 9.9% | 10.1% |
Fiscal years (4-quarter sums)FY21 $14.84B · FY22 $14.18B · FY23 $14.20B · FY24 $14.08B · FY25 $14.32B
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.45B · Total debt $4.07B · Total assets $13.93B · Shareholders' equity $5.62B
Dividends
Last raised to $0.17 from $0.11 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 15 | $0.17 | |
| Mar 2, 2026 | Mar 2 | Mar 16 | $0.17 | |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.17 | |
| Sep 2, 2025 | Sep 2 | Sep 15 | $0.17 | raised from $0.11 |
| Jun 2, 2025 | Jun 2 | Jun 16 | $0.11 | |
| Mar 3, 2025 | Mar 3 | Mar 17 | $0.11 | |
| Dec 2, 2024 | Dec 2 | Dec 16 | $0.11 | |
| Sep 3, 2024 | Sep 3 | Sep 16 | $0.11 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 205.12M · Float 203.65M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 25.27M | 12.32% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 12.63M | 6.16% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 11.80M | 5.75% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 9.28M | 4.52% | 13F | Aug 13, 2026 |
| State Street Corp | 6.83M | 3.33% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Tonit M. Calaway | officer: EVP, CAO, Gen Counsel & Sec | −22,000 | $66.26 |
| Aug 19, 2026 | Rajesh Kalathur | director | +7,407 | $67.59 |
| Aug 18, 2026 | Amy B. Kulikowski | officer: VP & Chief Accounting Officer | −2,900 | $68.60 |
| Aug 17, 2026 | Shaun McAlmont | director | −7,000 | $69.36 |
| Aug 17, 2026 | Isabelle McKenzie | officer: Vice President | −4,500 | $70.39 |
Peers
- Garrett Motion
Turbocharging rival extending into electric propulsion and thermal management
- Magna
Powertrain supplier across eDrive, AWD/4WD and hybrid systems
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BorgWarner | $63.84 | −0.37% | $13.15B | 32.0 | 11.8 | 0.9 | +0.3% |
| Garrett Motion | $26.66 | −0.04% | $4.97B | 14.6 | 13.2 | 1.3 | +6.9% |
| Magna | $71.41 | +8.43% | $17.93B | 24.4 | 8.9 | 0.4 | +2.0% |
| Median | 19.5 | 11.1 | 0.9 | +4.5% |