PHINIA Inc. (PHIN) Earnings
PHINIA Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $1.56. PHIN has beaten EPS estimates in 5 of its last 8 reported quarters (average surprise +5.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $1.13 | $1.29 | +14.2% | $878M | +4.7% |
| Feb 12, 2026 | $1.35 | $1.18 | -12.6% | $889M | +8.5% |
| Jul 24, 2025 | $0.99 | $1.27 | +28.3% | $890M | +3.3% |
| Apr 25, 2025 | $1.04 | $0.94 | -9.6% | $796M | -5.8% |
| Feb 13, 2025 | $0.80 | $0.71 | -11.3% | $833M | -1.3% |
| Oct 31, 2024 | $0.79 | $1.17 | +48.1% | $839M | +2.5% |
| Apr 25, 2024 | $0.74 | $1.08 | +45.9% | $863M | +7.9% |
| Feb 21, 2024 | $0.65 | $0.71 | +9.2% | $882M | -2.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
The first quarter developed largely as expected with solid revenue growth from both fuel systems and aftermarket. Maintained a healthy balance sheet while paying dividends and repurchasing shares. Hosted a successful Investor Day in New York. Had good progress in new business, including winning business in aerospace and defense, with a new program for an unmanned aerial drone leveraging GDI injector technology. Notable wins across fuel systems and aftermarket channels. Aftermarket business continues to be a steady contributor with consistent demand driven by an aging fleet and growing vehicle park, and recent wins across diverse geographies.
Guidance
Reiterate the four-year guidance issued earlier this year. At the midpoint of the revenue outlook range of $3.5 to $3.7 billion, expect an increase in net sales in the mid-single-digit range inclusive of FX. Excluding expected FX, growth is projected to be in the low single-digit area. Guide adjusted EBITDA to be $485 to $525 million, with an EBITDA margin of 13.7 to 14.3%. Expect adjusted free cash flow to be $200 to $240 million in 2026.
Segment performance
In the first quarter, the fuel system segment had sales of $549 million, up 12%, with an adjusted operating margin of 9.3%. The aftermarket segment had sales of $329 million, up 7.5%, with an adjusted operating margin of 17%. Total net sales in the quarter were $878 million, up 10.3% from the same period of the prior year. Excluding FX impacts and the contribution of SEM, revenue was up 3.6%. Adjusted EBITDA was $115 million for the quarter, up $12 million, and a margin of 13.1%. Total segment adjusted operating income was $107 million with a 12.2% margin. Adjusted earnings per diluted share, excluding non-operating items, was $1.29 for the quarter, compared to 94 cents in the same period of the prior year, a 37% increase year over year.
Analyst Q&A
Q: Joseph Spack from UBS asked about the negative mix weighing on EBITDA and details on products driving it, and about green shoots in commercial vehicle and IEPA-related tariffs.
A: Joe said it mainly resides in fuel systems with programs not at full ramp, saw positive signs in commercial vehicle orders, and IEPA-related tariffs were about $40 million with expectation of flowing back to OE customers.
Q: Bobby Brooks from Northland Capital Markets asked about the drone engine program, SG&A increase, and tariff recoveries.
A: The drone program is for commercial production with a defense engine manufacturer, SG&A increase due to bonuses and management tranches with some IT cost reductions offsetting, and tariff pass-through expected to be flat going forward