Borgwarner IncBWA

BorgWarner Inc. filed Q1 2026 revenue of $3.53 billion, a 20.4% drop from the prior-year quarter’s $4.43 billion, while net income attributable to parent ticked down to $242 million from $297 million in the same period. Operating income fell to $336 million from $502 million, reflecting softer demand across Foundational products and continued investment in eProducts. The company returned $185 million to shareholders in Q1 via buybacks and dividends even as operating cash flow was a more modest $152 million, leaving the optics thinner than the glossy press kit implies.

The group’s Industrial Solutions division, which markets thermal management, power electronics and battery systems to industrial customers, still carries the bulk of the story. BorgWarner highlights new stator assembly wins in South Korea and S-winding technology in China for P2 hybrid platforms, but the 10-Q does not break out how much of the $3.53 billion revenue these contracts represent. Without a segment revenue split, the source requires readers to guess whether Industrial Solutions is a growth engine or a cost-centre in disguise.

Filings show total assets of $13.65 billion against liabilities of $8.01 billion at 31 March 2026, giving shareholders’ equity of $5.48 billion. Research and development expense was $177 million in the quarter, up from $159 million a year earlier, while inventory rose to $1.20 billion, up $5 million sequentially. Earnings per share came in at $1.16 on a diluted share count of 208.3 million, versus $1.43 on 208.5 million shares in the year-ago quarter. Guidance implies a year-over-year organic net-sales decline of 3.5% to 1.5%, contradicting the “long-term profitable growth” banner.

For a deeper look at the Industrial Solutions platform and the technologies BorgWarner markets there, see the official product page: https://www.borgwarner.com/industrial-solutions. The company’s press-release archive is here: https://www.borgwarner.com/newsroom/press-releases. Filings are on SEC EDGAR: https://www.sec.gov/Archives/edgar/data/908255/.

Chart context: the evidence does not supply price data or technical levels; readers can view the stock on regional venues using the issuer name BorgWarner Inc. and ticker BWA on the relevant exchange. The file does not invent ranges or indicators.

What changed this week: on 10 July 2026 BorgWarner filed a Form 4/A correcting director shareholdings, and on 2 July 2026 it filed additional 4s covering insider trades. These filings do not materially alter the operating picture but do underscore ongoing capital-markets activity. The company has not published a Q2 update beyond the 10-Q; therefore, the next material evidence point would be the Q2 2026 results and any updated guidance, expected in early August 2026.

Where the evidence is thin: the filing does not quantify the revenue contribution from eProducts versus Foundational products, nor does it state how much of the $185 million shareholder return consisted of buybacks versus dividends. Investors seeking those breakdowns must wait for the next 10-Q or earnings release. Until then, the “long-term profitable growth” claim remains a marketing sentence without a filing footnote.