Q2 2026 Westport Fuel Systems Inc Earnings Call Transcript

Aug 12, 2026 / 01:30 PM GMT

Transcript

Key Points

Positve

Westport Fuel Systems Inc (WPRT) reported strong revenue growth at its joint venture, with Q2 2026 product revenue up 127% year-over-year, driven by increased LNG truck adoption.
The company signed a hydrogen engine development agreement with Volvo Group, which is customer-funded and validates the HPDI technology's relevance across multiple low-carbon fuels.
Westport Fuel Systems Inc (WPRT) completed a $10 million offering in June, strengthening its near-term liquidity and providing working capital for ongoing operations.
The company's joint venture, Suspira, is progressing toward its 2027 breakeven target, with capital contributions decreasing and net loss improving by 65% year-over-year.
Westport Fuel Systems Inc (WPRT) is seeing growing market interest in its high-pressure CNG solution in North America, with positive fleet feedback and demonstrations at its Vancouver facility.
Regulatory developments in the EU, such as the ability to generate additional CO2 credits, are creating stronger incentives for early adoption of HPDI technology, potentially boosting future demand.

Negative

Westport Fuel Systems Inc (WPRT)'s high-pressure controls business saw a revenue decline in Q2 2026, down to $2.7 million from $2.9 million in Q2 2025, due to lower sales volumes.
The company's cash position slightly decreased to $23.9 million from $24.5 million at the end of Q1, impacted by operating losses, one-time costs, and JV funding.
The high-pressure controls segment faced production bottlenecks from relocating equipment from Europe to Canada and China, leading to a backlog of unfulfilled demand and a temporary impact on volumes.
The hydrogen market is not growing at the rate previously expected, which could limit near-term growth opportunities for Westport Fuel Systems Inc (WPRT)'s high-pressure controls business.
The company's warrants are accounted for as liabilities, which will be remeasured to fair value each reporting period, potentially causing earnings volatility until they are exercised or expire.
Westport Fuel Systems Inc (WPRT) continues to incur operating losses, and the timing of additional warrant exercise proceeds is uncertain, adding financial risk.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WPRT.TO - Westport Fuel Systems Inc
Q2 2026 Westport Fuel Systems Inc Earnings Call
Aug 12, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by.

Welcome to Westport's second quarter 2026 conference call.

At this time, all participants are on a listen-only mode.

After the speaker's presentation, there'll be a question-and-answer session.

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Ashley.

No, please go ahead.

Thank you.

Good morning, everyone.

Welcome to Westport Fuel Systems conference call

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