BORGWARNER INC BWA

BorgWarner Inc. last week filed its 10-Q for the quarter ended 31 March 2026, reporting revenue-revenue from contracts excluding tax-of $3.53 billion, net income of $242 million, and diluted earnings per share of $1.16, all on 208.3 million diluted shares. The company generated $152 million of operating cash, carried $1.2 billion of inventory on its books, and returned $185 million to shareholders, a haemorrhage of cash flow that still left the business with a $336 million operating income line. (source: BWA SEC EDGAR 10-Q (period ending 2026-03-31), https://www.sec.gov/Archives/edgar/data/908255/000090825526000027/bwa-20260331.htm)

BorgWarner’s annual revenue for 2025 clocked in at $14.32 billion, a figure the company’s website frames as the result of “deep engineering expertise and advanced manufacturing capabilities,” which is corporate-speak for selling bits of metal that spin at 150,000 rpm and occasionally outlive the truck they’re bolted to. The filing also highlights a 2023 restructuring plan designed to shave $130-$150 million of structural costs, a target BorgWarner says it is pursuing primarily in its Foundational products businesses. (source: BWA SEC EDGAR 10-Q (period ending 2026-03-31), https://www.sec.gov/Archives/edgar/data/908255/000090825526000027/bwa-20260331.htm; BorgWarner Inc. official website, https://www.borgwarner.com)

The company’s segment disclosure for the quarter breaks revenue into Foundational products and eProducts, showing Foundational at $2.91 billion and eProducts at $581 million, an allocation that matters because investors increasingly want to know how much of the top line is riding the internal-combustion sunset versus the electric sunrise. BorgWarner’s inventory rose by $5 million in the quarter to $1.20 billion, a rounding error in automotive terms but a line item that keeps auditors awake. (source: BWA SEC EDGAR 10-Q (period ending 2026-03-31), https://www.sec.gov/Archives/edgar/data/908255/000090825526000027/bwa-20260331.htm)

Management reshuffled its executive deck on 28 May 2026, appointing Stefan Demmerle to serve as Vice President of Battery Energy Systems, President and General Manager of Battery Energy Systems, and Chief Technology Officer, effective 1 July 2026. The filing does not say whether Demmerle’s pay packet includes a clause that ties his bonus to the share price reaching a specific turbocharger torque curve. (source: BWA SEC EDGAR 8-K (2026-05-28), https://www.sec.gov/Archives/edgar/data/908255/000090825526000037/bwa-20260526.htm)

The company’s website also trumpets twelve awards across its portfolio “to support long-term profitable growth,” a phrase that sounds like a target slide in a roadshow deck and reads like the legalese that precedes the fine print. One product page highlights BorgWarner supplying a Variable Turbine Geometry turbocharger and Exhaust Gas Recirculation cooler to a major European commercial-vehicle OEM, evidence the company has at least one customer willing to sign purchase orders but not necessarily one willing to guarantee volumes in the next downturn. (source: BorgWarner Inc. official website, https://www.borgwarner.com)

The filings themselves are a firehose of exhibits: 4, 8-Ks, 144s, and an SD form, all indexed on SEC EDGAR and cross-referenced in the company’s submissions JSON file. The data structure is consistent, the figures repeat, and the narrative is thin on guidance. In other words, the filing trail is thorough, the story is short. (source: BWA SEC EDGAR filing index for CIK 908255, https://www.sec.gov/edgar/browse/?CIK=908255; BWA SEC submissions JSON, https://data.sec.gov/submissions/CIK0000908255.json)

If you want a chart route, the evidence rail does not supply one; the file therefore declines to invent levels or pretend to read candles. The best you can do is take the equity story, the filings, and the company’s own product claims and decide whether the gap between polished language and plain numbers is worth your capital. (source: FreedomCore internal chart policy, 2026-06-21)