Westport Fuel Systems (TSE:WPRT)
TSX:WPRT
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.48Last Year’s EPS
-2.74Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated clear commercial momentum: strong top-line growth at the Cespira joint venture (+33% total revenue, +48% product revenue), improving profitability (net loss down 65%), expanded production footprint, reduced JV funding and debt, and strong market validation (ACT Expo, Volvo milestones). Key risks remain—Cespira is still loss-making, margins are modest (7%) and volume-dependent, cash balances dipped slightly, and near-term progress hinges on OEM trial outcomes and replacing a service project that rolls off. On balance, the positive execution and measurable financial improvements outweigh the challenges, but continued scaling is required to solidify profitability.Company Guidance
Cespira Revenue Growth
Total Cespira revenue of $22.2M in Q1 2026, up 33% year-over-year from $16.7M, driven by higher sales volumes.
Cespira Product Revenue Acceleration
Cespira product revenue rose 48% year-over-year to $19.5M from $13.2M, indicating stronger market adoption of HPDI systems.
Improved Cespira Profitability Trends
Cespira gross profit improved to $1.6M (gross margin 7% vs 3% a year ago) and net loss narrowed to $2.5M, a 65% reduction from the prior-year quarter's $7.1M loss.
High Pressure Controls Business Growth
High pressure controls revenue increased 21% to $2.3M in Q1 2026 (from $1.9M), supported by expanded production capacity and new facilities.
Production and Global Footprint Expansion
Commenced production at expanded Cambridge, Ontario facility and GFI's new China Hydrogen Innovation Center and manufacturing facility in Zhengzhou, China, with production underway at all facilities.
Stronger Cash Flow Dynamics and Lower JV Funding
Net cash used in operating activities improved to $3.4M vs $8.6M prior year (improvement of $5.2M). Capital contributions to the Cespira joint venture decreased from $4.7M to $2.9M year-over-year.
Debt Reduction and Solid Cash Position
Total outstanding debt reduced to $1.9M (down $1.0M from $2.9M at year-end 2025) and expected to be retired in 2026; cash and cash equivalents of $24.5M as of March 31, 2026.
Commercial and Market Validation
Strong commercial signals: Volvo reported >10,000 gas-powered trucks globally; positive reception and robust interest at ACT Expo with demos driving fleet and OEM engagement; second OEM truck trial progressing toward larger volumes.
Favorable Market Tailwinds
Management cites supportive market factors including favorable fuel economics, tightening emissions regulations, and research projecting ~12.5% growth in the European LNG heavy truck market through 2031.
TSE:WPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:WPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | C$2.75 | C$2.73 | -0.73% |
Apr 23, 2026 | C$2.87 | C$2.72 | -5.23% |
Nov 10, 2025 | C$2.77 | C$2.56 | -7.58% |
Aug 11, 2025 | C$5.14 | C$4.61 | -10.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Westport Fuel Systems (TSE:WPRT) report earnings?
Westport Fuel Systems (TSE:WPRT) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Westport Fuel Systems (TSE:WPRT) earnings time?
Westport Fuel Systems (TSE:WPRT) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:WPRT EPS forecast?
TSE:WPRT EPS forecast for the fiscal quarter 2026 (Q2) is -0.48.