10-K · February 24, 2026
Allison reported FY2025 net sales of $3,010 million (sum of quarterly revenues) with on-highway products the largest business at $1,540 million (51% of 2025 net sales) and ~76% of revenues generated in North America in…
Earnings analysis · 10-Q
ALSN earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Allison Transmission reported Q1 2026 net sales of $1.406 billion, exceeding estimates of $1.38 billion, alongside an adjusted EPS of $2.57, outperforming the $2.18 forecast. The results were bolstered by the…
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Allison Transmission reported Q1 2026 net sales of $1.406 billion, exceeding estimates of $1.38 billion, alongside an adjusted EPS of $2.57, outperforming the $2.18 forecast. The results were bolstered by the acquisition of the Off-Highway business from Dana, which contributed $673 million to revenue, despite operational challenges reflected in segment performance. The company continues to face headwinds from increased costs and reduced demand in certain markets due to economic conditions.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.57
What stood out
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Revenue Beat Expectations
Actual revenue was $1.406 billion vs. estimates of $1.380 billion.
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Strong EPS Performance
Reported EPS of $2.57 beat estimates of $2.18, marking a significant surprise.
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Added Off-Highway Segment
The acquisition contributed $673 million to total revenues, marking a significant expansion.
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Positive Gross Profit Increase
Gross profit rose to $406 million, up 7% from $378 million YoY.
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Defensive Segment Growth
Defense end market sales surged by $34 million, or 64%, compared to prior year.
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Softening General Market Impact
Net sales in North America On-Highway decreased by $60 million, or 14% YoY.
What to watch
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Acquisition Integration Costs
Acquisition-related expenses are significantly impacting adjusted net income and margins.
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Higher Interest Expenses
Interest expense increased to $61 million from $21 million YoY, reflecting greater debt levels.
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Weak Market Demand
Sales in North America On-Highway declined 14% due to lower demand for medium-duty trucks.
Management's outlook
Full year 2026 consolidated net sales guidance reaffirmed, expected between $5.575 billion and $5.925 billion.
Earlier filings 4
10-Q · May 2, 2025
Allison reported Q1 net sales of $766.0M, down $23.0M (2.9%) year-over-year but with meaningful margin and EPS improvement. Gross margin expanded to 49.4% and operating margin to 32.5%, driving diluted EPS of $2.23 (up…
10-K · February 13, 2025
Allison (ALSN) presents itself as the world’s largest manufacturer of medium- and heavy-duty fully automatic transmissions and a leader in electrified propulsion, with 2024 net sales of $3,225 million and approximately…
10-Q · April 26, 2024
Allison Transmission Holdings, Inc. reported Q1 2024 results showing increased revenue and earnings driven by growth in North American on-highway sales and despite slightly declining margins. The position of the company…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.