HighGravityDataBorgWarner — Aug 5, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000908255-26-000049
Showing in the filing
R&D spending
“plans to increase 2026 R&D spending”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 20
Share repurchase program authorization incre… for FY2029
“$1 billion”
Total share repurchase authorization for FY2029
“approximately $1.35 billion”
R&D spending for FY2026
“plans to increase 2026 R&D spending”
Weighted light vehicle markets for FY2026
“down 3% to approximately flat”
Net sales for FY2026
“$14.0 billion to $14.3 billion”
Net sales implied year-over-year organic net… for FY2026
“down 3.5% to down 1.5%”
Organic net sales for FY2026
“down 3.5% to down 1.5%”
Battery Energy Systems segment year-over-yea… for FY2026
“approximately $250 million”
Foreign currencies impact on sales for FY2026
“a year-over-year increase in sales of approximately $175 million”
U.S. GAAP operating margin for FY2026
“9.6% to 9.8%”
Adjusted operating margin for FY2026
“10.7% to 10.9%”
U.S. GAAP net earnings per diluted share for FY2026
“$4.72 to $4.94”
Adjusted net earnings per diluted share for FY2026
“$5.05 to $5.30”
Operating cash flow for FY2026
“$1,600 million to $1,700 million”
Free cash flow for FY2026
“$900 million to $1,100 million”
Estimated Year-Over-Year Change in Productio… for FY2026
“(2.5)% to 1.5%”
Estimated Year-Over-Year Change in Productio… for FY2026
“(2)% to 1%”
Estimated Year-Over-Year Change in Productio… for FY2026
“(7)% to (4)%”
Estimated Year-Over-Year Change in Productio… for FY2026
“(3)% to (1)%”
Estimated Year-Over-Year Change in Productio… for FY2026
“(3)% to 0%”
Exhibit 99.1 · the passage around this item
… earlier in the release
• The Company’s Board of Directors authorized an increase to its share repurchase program of $1 billion, bringing the Company’s total authorization to approximately $1.35 billion, which is intended to allow management to repurchase the Company’s outstanding shares through 2029. • The Company continued to make progress in its product readiness across its portfolio offerings for the data center and industrial markets. The Company plans to increase 2026 R&D spending to accelerate these future growth opportunities. New Business Awards Across Portfolio The Company secured multiple new business awards that are expected to support its long-term profitable growth, including the following: • New eTurbo award with a major European OEM for an advanced hybrid passenger car application. Production is expected to begin in 2029. • Torque-on-demand with mechanical lock transfer case award with a Chinese OEM for a newly developed, full-size SUV. Production is expected to begin in the fourth quarter of 2026. • Two variable cam timing awards. These include a conquest award with a major Chinese OEM and a program life extension award with a leading European premium OEM. Production is expected to begin in 2026 and 2027, respectively. • Integrated Drive Modules (iDM) award with a global OEM. This program utilizes the Company’s next-generation iDM technology, setting a new benchmark in performance, efficiency and system integration. Production is expected to begin in 2027. 1 • Two high-volume inverter extension awards with a major European OEM for plug-in hybrid and 800V battery-electric vehicles. Production is expected to begin in 2029. Second Quarter Highlights
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.