Broadwind Q2 revenue rises on strong industrial solutions demand

Broadwind

11/08/2026 12:12

Overview
US precision manufacturer reported Q2 revenue up 67% yr/yr, missing analyst expectations
Adjusted EBITDA for Q2 turned positive at $1.6 mln after prior-year loss
Company completed exit from wind fabrications, focusing on power generation and infrastructure

Outlook
Company expects to benefit from multi-year investment in electricity generation and infrastructure markets
Broadwind says backlog for Industrial Solutions and Gearing segments rose 93% y/y as of June 30, 2026
Company is actively evaluating investments to expand in power generation and infrastructure-weighted end-markets

Result Drivers
INDUSTRIAL SOLUTIONS DEMAND - Revenue rose 79% yr/yr in Industrial Solutions, driven by strong demand for natural gas turbine components
GEARING SEGMENT GROWTH - Gearing revenue grew 24% yr/yr, mainly on higher demand from power generation and oil & gas customers, partly offset by lower demand from steel customers
ORDER MOMENTUM - Total orders rose 68% yr/yr, with broad-based growth across power generation, energy, and industrial markets

Company press release: ID:nGNX7tLSLx

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$24.30 mln
$34.97 mln (3 Analysts)
Q2 Adjusted EBITDA
 
$1.6 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy"
Wall Street's median 12-month price target for Broadwind Inc is $6.00, about 34.5% above its August 10 closing price of $4.46

Reuters Recommended Reads
Aug 10 - Babcock & Wilcox Q2 revenue eases past estimates, helped by large project volume
Aug 10 - Energy Services of America Q3 revenue rises 25.5% on strong segment demand
Aug 10 - Natural Gas Services Q2 adjusted core profit beats; 2026 outlook lifted

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)