Oshkosh Corporation is expected to report Q3 2026 revenue of $2.94 billion and EPS of $3.01, while the current stock price of $133.34 remains well below the analyst consensus target of $165.79. Investors are primarily focused on margin recovery as the company navigates unfavorable product mix and manufacturing overhead pressures that compressed profitability in the first half of the year.
Despite a robust total backlog of $14.75 billion, the company faces execution risks related to production bottlenecks in the fire truck business and tariff-related cost increases. Market participants are closely monitoring the ramp-up of the USPS Next Generation Delivery Vehicle (NGDV) program to confirm if production is meeting targets to support long-term growth.