Workhorse Group (WKHS)
NASDAQ:WKHS
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-1.02Last Year’s EPS
-20.04Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of encouraging operational and commercial progress alongside meaningful near-term financial challenges. Positive factors include successful merger integration, increased revenue and deliveries, large new purchase orders (Purolator and Gateway), product roadmap initiatives (modular chassis and Class 5/6 cab chassis) with clear timelines, demonstrated TCO advantages, a customer-support partnership, resolution of legacy legal overhangs, and strengthened borrowing capacity. Offsetting these positives are significant near-term losses (gross loss of $7.5M; operating loss $21.1M; net loss $19.9M), sharply higher cost of sales and SG&A as the company transitions to owned manufacturing, a $1.5M warranty charge for retrofit work, and continued reliance on external financing to fund operations and settlements. Management expects synergies and scale to improve margins over 2026, but the current quarter reflects heavy transitional costs and cash use.Company Guidance
Revenue and Deliveries Growth
Revenue of $4.3M in Q1 2026 versus $1.1M in Q1 2025 (≈+291% YoY). Vehicle deliveries increased to 21 from 5 in the prior year period (+320% YoY), reflecting early commercial traction following the merger.
New Purchase Orders and Customer Wins
Announced two major POs in Q1: Purolator order for 100 W56 step vans (their fourth order) and a 100-unit order from Gateway Fleets (via Kingsburg Truck Center). Additionally, 75 vehicles are deployed or on order for FedEx Ground ISPs.
Integration and Production Consolidation Progress
Merger integration largely on track: facility aggregation complete and three production lines now operating in Union City (W56 step van, new F59 chassis line started builds, EPIC4 integrated). Relocation of Motiv production line progressing as expected.
Product Roadmap and Cost-Reduction Initiatives
Announced development plans for a proprietary modular chassis (scalable architecture) and a first Class 5/6 cab chassis. Tests and validation planned in 2026 with initial production expected in early 2027 to drive lower bill-of-material costs and broaden TAM.
Pricing Actions Driving Orders
Launched a lower-cost W56 variant (140 kW battery) and promotional pricing on the 210 kW step van; management said the promotional pricing was a key factor in converting Gateway's 100-unit order.
Demonstrated Total Cost of Ownership Advantage
Operational data from Workhorse's Stables operation: in 2025 nearly 560,000 packages over ~250,000 miles. Fuel comparison showed ~$76k spent on gas for ICE vs ~$10.8k for EVs in that fleet; per-mile costs cited ~ $0.53 for ICE vs ~$0.10 for EVs (in current market conditions gap widens to ~$0.73/mile), illustrating strong TCO benefits.
Partnerships and Customer Support Scale-up
Announced partnership with InCharge Energy to provide scalable first-call support across vehicle, charging, and third-party systems; plan to combine national dealer relationships and internal capabilities for improved fleet uptime and service.
Liquidity Actions and Legal Overhang Resolved
Strengthened liquidity post-quarter: drew $7.3M under customer order credit, then $10M under a cash flow credit agreement; amended credit facilities (cash flow borrowing capacity increased to $20M). Resolved two legacy legal matters, including a $4.3M settlement with Coulomb Solutions, removing long-standing overhangs.
Synergy Target and Cost Discipline
Management reiterated expectation to exit 2026 at a $20M annualized cost synergy run rate and reported active supply chain optimization and platform commonization as sources of future cost savings.
WKHS 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
WKHS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $3.62 | $2.98 | -17.54% |
Mar 31, 2026 | $3.02 | $2.78 | -7.95% |
Nov 10, 2025 | $9.40 | $8.52 | -9.29% |
Aug 19, 2025 | $19.32 | $17.40 | -9.94% |
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 Workhorse Group (WKHS) report earnings?
Workhorse Group (WKHS) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Workhorse Group (WKHS) earnings time?
Workhorse Group (WKHS) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WKHS EPS forecast?
WKHS EPS forecast for the fiscal quarter 2026 (Q2) is -1.02.
