Wabash reports Q1 2026 revenue drop to $303M and loss per share of $1.11 amid soft truck body demand.

Wabash National Corporation reported Q1 2026 revenue of $303.2 million, down 20.4% year-over-year, driven by weaker demand in its Truck Body segment. The company posted a GAAP operating loss of $52 million and a GAAP loss per share of $1.11, missing expectations due to lower volumes and operational inefficiencies. Despite challenges, backlog increased to $837 million, and the company expects improving market conditions and a revenue rebound in Q2 2026 with a midpoint forecast of $390 million and EPS loss narrowing to around $0.50. Management is cautiously optimistic about a market recovery in 2027 as freight rates and demand improve.