Q2 2026 Westport Fuel Systems Inc Earnings Call Transcript

Aug 12, 2026 / 01:30 PM GMT

Release Date Price: €1.57 (-5.42%)

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

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
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.

To ask a question during the session, you'll need to press 11 on your telephone.

You'll then hear an automated message advising your hand is ready again, please be advised today's conference is being recorded.

I would not like to turn the conference over to speak today.

Ashley.

No, please go ahead.

Thank you.

Good morning, everyone.

Welcome to Westport Fuel Systems conference call

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.