CALAWAY TONIT M sold $1.5M of BWA

BorgWarner (BWA) Q2 2026 earnings call transcript says adjusted margins rose 100 bps and EPS grew 17% in a flat sales year, citing cost controls. The company reported 7 new business awards, $134 million returned to shareholders via buybacks and dividends, and a $1 billion increase to its repurchase authorization to $1.35 billion. It also updated data center and industrial readiness milestones.

BorgWarner says it has extended multiple high-volume high-voltage inverter programs with a European OEM, covering updated designs for plug-in hybrid and 800V battery-electric vehicles. The company will use its ASIC technology for PHEVs and a new Viper SiC-based traction inverter with dual-sided cooling for BEVs. Start of production is planned for 2029, per a media release.

BorgWarner (NYSE:BWA) said it won new variable cam timing system contracts in Europe and China, including a conquest award, and that the wins expand positions with existing customers and replace a competitor on a China program. It also received awards for high voltage inverters and integrated drive modules for hybrid and EV platforms, which it said add to backlog.

BorgWarner said it won new variable cam timing (VCT) programme awards for its center-bolt Cam Torque Actuated (CTA) system. In Europe, it received a life extension and a “significant” volume increase for a premium carmaker’s V6 engine family, starting Jan 2027. In China, it won a conquest award for a 1.5L turbo petrol engine family, replacing the prior supplier, with production starting Sept 2026.

BorgWarner reported Q2 2026 adjusted margin expansion of 100 bps despite flat sales, citing cost controls and operational efficiency. The company said EPS rose 17% on improved operating income and about $650m in share repurchases over four quarters. It expects 2027 turbine generator revenue of $300m and 2 GW capacity, plus battery systems production readiness by 2027, with guidance including a 170 bps battery headwind.

BorgWarner (BWA) shares rose over 7% after the company reported Q2 results that beat Wall Street expectations. The move followed new awards and an expanded share repurchase program, which offset weakness in its Battery Energy Systems unit and a slight shortfall versus its full-year outlook.