Broadwind Reports Q1 Revenue of $34.06M, Beating Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Reports Q1 revenue $34.06M, consensus $32.72M. Reports total orders of $37.4M. "During the first quarter, we continued to advance our business transformation strategy, while delivering strong revenue growth, margin realization, and order growth in our core gearing and industrial solutions segments," stated Eric Blashford, President and CEO of Broadwind. "First quarter revenue in the gearing and industrial solutions segments increased more than 40% and 60%, respectively, when compared to the year-ago period, driven by strong demand from within our core power generation and critical infrastructure markets."
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Analyst Views on BWEN
Wall Street analysts forecast BWEN stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.675
Low
3.00
Averages
4.50
High
6.00
Current: 3.675
Low
3.00
Averages
4.50
High
6.00
No data
About BWEN
Broadwind Inc. is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. The Company’s segments include Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides large, complex and precision fabrications to customers in a broad range of industrial markets. The Gearing segment provides gearing, gearboxes and precision machined components to a set of customers in diverse markets, including surface and underground mining, wind energy, steel, material handling, infrastructure, onshore and offshore oil and gas fracking and drilling, marine, defense, and other industrial markets. It also provides gearbox repair services. Industrial Solutions provides supply chain solutions, light fabrication, inventory management, kitting, and assembly services, primarily serving the combined cycle natural gas turbine market. It also provides packaging solutions and fabricates panels and sub-assemblies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Wall Street Backing: Susquehanna raised Nvidia's price target from $250 to $275, indicating a potential 25% upside, while Wells Fargo increased its target to $315, suggesting that despite margin and market share concerns, durable AI demand will continue to support the stock.
- Defense Spending Boosts RTX: RTX shares gained as defense spending rises, with Collins Aerospace announcing a $26.5 million expansion of its radar production facility in Florida, expected to create over 100 skilled jobs and enhance its competitive position in the defense sector.
- Broadwind Exceeds Expectations: Broadwind (BWEN) reported Q1 revenue of $34.06 million, surpassing analyst estimates, with total orders reaching $37.4 million, indicating strong demand for AI data centers and natural gas power generation, with the CEO noting the beginning of a super cycle.
See More
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- Significant Revenue Growth: Broadwind reported consolidated revenues of $34.1 million in Q1 2026, reflecting over 40% year-over-year growth, with core Gearing and Industrial Solutions segments seeing increases of more than 60%, indicating successful execution of the business transformation strategy.
- Strategic Transition Progress: CEO Eric Blashford emphasized the company's gradual exit from wind tower production, expected to be completed by Q3 2026, which will allow the company to focus on Gearing and Industrial Solutions, enhancing its competitive position in the market.
- Strong Order Momentum: The first quarter saw total orders exceeding $37 million, with robust performance in core segments offsetting declines in Heavy Fabrications, and a backlog of over $30 million setting a solid foundation for future growth.
- Improved Liquidity: CFO Thomas Ciccone reported liquidity exceeding $25 million at quarter-end, with an expected improvement of approximately $10 million post-sale of the Abilene facility, providing greater flexibility for future investments and operations.
See More
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- Earnings Highlights: Broadwind reported a Q1 GAAP EPS of -$0.02, beating expectations by $0.05, indicating an improvement in profitability despite a 7.4% year-over-year revenue decline.
- Revenue and Adjusted EBITDA: The company achieved revenue of $34.1 million, exceeding expectations by $1.38 million, with a non-GAAP adjusted EBITDA of $2.2 million, representing 6.5% of total revenue, showcasing efforts in cost control and operational efficiency.
- Order Growth: Total orders reached $37.4 million, up 23% year-over-year, reflecting a rebound in market demand and enhanced competitiveness in the industrial solutions sector.
- Financial Health: As of March 31, 2026, the ratio of net debt to trailing twelve-month non-GAAP adjusted EBITDA stood at 1.7x, indicating robust financial leverage management, while the company reaffirmed its 2026 revenue target of $140 million to $150 million.
See More
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- Strategic Asset Sale: On April 30, 2026, Broadwind sold its production facility in Abilene, Texas, to IES Infrastructure for up to $19.5 million, marking a strategic exit from wind tower manufacturing to focus on higher-value power generation and infrastructure markets.
- Short-Term Lease Agreement: Following the transaction, Heavy Fabrications entered into a short-term lease with IES Infrastructure at nominal rent, ensuring an orderly transition of existing customer orders, with the lease expected to end on September 5, 2026.
- Employee Transition Plan: Approximately 140 employees from the Abilene facility are expected to transition to IES Infrastructure after the lease term, facilitating a smooth operational shift and maintaining production continuity.
- Financial Guidance Withdrawal: In light of the facility sale, Broadwind has withdrawn its 2026 financial guidance, reflecting uncertainty in future market conditions while also providing an opportunity for capital redeployment to support higher-growth investments.
See More
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Financial Guidance for 2026: The article discusses the financial guidance provided by Broadwind Inc. for the year 2026, outlining key expectations and projections.
Strategic Initiatives: It highlights the strategic initiatives that the company plans to implement to achieve its financial goals, including potential investments and operational improvements.
See More
Broadwind to Release Q1 2026 Results on May 12
- Earnings Release Schedule: Broadwind will announce its Q1 2026 financial results before the market opens on May 12, showcasing the company's diversified precision manufacturing capabilities in global markets.
- Conference Call Details: A conference call will be held the same day at 11:00 AM ET to review financial results and discuss recent events, enhancing investor understanding of the company's operations.
- Webcast Availability: Investors can access the live webcast and accompanying materials through the Investor Relations section of the company's website, ensuring transparency and timeliness of information.
- Replay Information: The teleconference replay will be available until May 19, 2026, providing access for investors who could not participate live, further improving communication efficiency between the company and its shareholders.
See More
