As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at heavy transportation equipment stocks, starting with Allison Transmission (NYSE: ALSN).
Heavy transportation equipment companies are investing in automated vehicles that increase efficiencies and connected machinery that collects actionable data. Some are also developing electric vehicles and mobility solutions to address customers’ concerns about carbon emissions, creating new sales opportunities. On the other hand, heavy transportation equipment companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the construction and transport volumes that drive demand for these companies’ offerings.
The 12 heavy transportation equipment stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 2.2% while next quarter’s revenue guidance was 8.6% above.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.1% since the latest earnings results.
Allison Transmission (NYSE: ALSN)
Helping build race cars at one point, Allison Transmission (NYSE: ALSN) offers transmissions to original equipment manufacturers and fleet operators.
Allison Transmission reported revenues of $1.57 billion, up 92.4% year on year. This print exceeded analysts’ expectations by 3.1%. Overall, it was a very strong quarter for the company with full-year revenue and EBITDA guidance slightly topping analysts’ expectations.
Allison Transmission scored the fastest revenue growth in the group. Unsurprisingly, the stock is up 13.2% since reporting and currently trades at $131.65.
Best Q2: Wabash (NYSE: WNC)
With its first trailer reportedly built on two sawhorses, Wabash (NYSE: WNC) offers semi trailers, liquid transportation containers, truck bodies, and equipment for moving goods.
Wabash reported revenues of $417.2 million, down 9.1% year on year, outperforming analysts’ expectations by 3.6%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates and revenue guidance for next quarter exceeding analysts’ expectations.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 9.2% since reporting. It currently trades at $12.09.
Is now the time to buy Wabash? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: Greenbrier (NYSE: GBX)
Having designed the industry’s first double-decker railcar in the 1980s, Greenbrier (NYSE: GBX) supplies the freight rail transportation industry with railcars and related services.
Greenbrier reported revenues of $576.5 million, down 31.6% year on year, falling short of analysts’ expectations by 5.9%. It was a disappointing quarter as it posted full-year revenue and EPS guidance missing analysts’ expectations.
Greenbrier delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update among its peers. As expected, the stock is down 3.7% since the results and currently trades at $46.09.
Read our full analysis of Greenbrier’s results here.
Commercial Vehicle Group (NASDAQ: CVGI)
Formed from a partnership between two distinct companies, CVG (NASDAQ: CVGI) offers various components used in vehicles and systems used in warehouses.
Commercial Vehicle Group reported revenues of $195.2 million, up 13.5% year on year. This number surpassed analysts’ expectations by 13.8%. It was a strong quarter as it also put up full-year EBITDA and revenue guidance exceeding analysts’ expectations.
Commercial Vehicle Group pulled off the biggest analyst estimate beat and highest full-year guidance raise of the whole group. The stock is down 32.7% since reporting and currently trades at $3.09.
Read our full, actionable report on Commercial Vehicle Group here, it’s free.
Cummins (NYSE: CMI)
With more than half of the heavy-duty truck market using its engines at one point, Cummins (NYSE: CMI) offers engines and power systems.
Cummins reported revenues of $9.46 billion, up 9.4% year on year. This print topped analysts’ expectations by 1.6%. However, it was a slower quarter as it produced a significant miss of analysts’ EPS and EBITDA estimates.
The stock is down 11.8% since reporting and currently trades at $572.50.
Read our full, actionable report on Cummins here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
