Winnebago Industries 2026 Q1 Earnings Record Revenue and 205.8% Net Income Turnaround

Winnebago Industries (WGO) delivered a strong Q1 2026 performance, surpassing revenue and earnings expectations while raising full-year guidance. The company reported a 12.3% revenue increase and a net income swing of 205.8% from a loss to profitability, signaling a strategic and operational turnaround.

Revenue

Winnebago’s total revenue surged to $702.70 million in Q1 2026, up 12.3% year-over-year. The Towable RV segment led the way with $293.40 million, followed by Motorhome RV at $308.50 million. The Marine segment contributed $92.50 million, while Corporate / All Other generated $8.30 million. This broad-based growth underscores the company’s diversified product appeal and market share gains.

Earnings/Net Income

The company returned to profitability with an EPS of $0.19, reversing a $0.18 loss in the prior year—a 205.6% improvement. Net income reached $5.50 million, a 205.8% turnaround from a $5.20 million loss, reflecting disciplined cost management and operational efficiency.

Post-Earnings Price Action Review

The stock price declined 8.25% on the day of the earnings release but showed resilience with an 11.44% weekly gain and a 33.32% monthly surge. A backtested strategy of buying WGO after revenue beats and holding for 30 days yielded a -38.15% return, underperforming the 85.83% benchmark. The strategy’s Sharpe ratio of -0.21 highlights risk aversion, though the 0% maximum drawdown suggests it avoided losses.

CEO Commentary

CEO Michael Happe credited strategic product innovation, operational efficiency, and affordability-focused offerings for the Q1 success. He emphasized growth in premium motorhome segments and a disciplined approach to macroeconomic challenges.

Guidance

Winnebago raised FY 2026 revenue guidance to $2.8B–$3.0B and EPS to $1.40–$2.10, reflecting confidence in sustained demand and margin improvements.

Additional News

Winnebago declared a $0.35 quarterly dividend, marking an annualized yield of 3.5%. CEO Michael Happe sold 7,105 shares in October, while director Sara Armbruster purchased 2,700 shares, signaling mixed insider sentiment. Institutional investors like Maple Rock Capital and UBS Group increased stakes by over 100% and 75.8%, respectively, in Q3 2025. Analysts from Citigroup and DA Davidson raised price targets to $41 and $38, maintaining “Buy” and “Neutral” ratings.