Allison Transmission Holdings, Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026, with the U.S. Securities and Exchange Commission, reporting net sales of $1,566 million for the second quarter and disclosing a significant business acquisition completed during the first half of the year.

Key Highlights

  • Q2 net sales of $1,566 million: Net sales for the three months ended June 30, 2026 were $1,566 million, compared to $814 million for the same period in 2025, according to the filing.
  • Q2 net income of $181 million: The company reported net income of $181 million for the second quarter of 2026, versus $195 million in Q2 2025.
  • Six-month net sales of $2,972 million: For the six months ended June 30, 2026, net sales totaled $2,972 million, compared to $1,580 million in the first half of 2025.
  • Business acquisition of $2,529 million: The cash flow statement shows a business acquisition, net of cash acquired, of $2,529 million during the first half of 2026, with no comparable acquisition in 2025.
  • Long-term debt increased to $4,094 million: Long-term debt stood at $4,094 million as of June 30, 2026, up from $2,885 million at December 31, 2025.
  • Total assets rose to $8,717 million: Total assets as of June 30, 2026 were $8,717 million, compared to $6,082 million at December 31, 2025.
  • Diluted EPS of $2.15 for Q2 2026: Diluted earnings per share attributable to common stockholders were $2.15 for the three months ended June 30, 2026, versus $2.29 for the same period in 2025.

Allison Transmission's Financial Position Following its 2026 Acquisition

Allison Transmission Holdings, Inc. (NYSE: ALSN) reported materially higher revenue for both the second quarter and first half of 2026 relative to the prior-year periods, according to the 10-Q filed for the period ended June 30, 2026. The company attributed changes in operating assets and liabilities to effects of an acquisition referenced throughout the cash flow statement. Net sales of $1,566 million for Q2 2026 compared to $814 million in Q2 2025, while six-month net sales reached $2,972 million versus $1,580 million a year earlier. Cost of sales also rose substantially, to $1,051 million in Q2 2026 from $411 million in Q2 2025, resulting in gross profit of $515 million for the quarter.

Operating income for the six months ended June 30, 2026 was $486 million, compared to $505 million in the first half of 2025, as the filing disclosed higher selling, general and administrative expenses of $325 million and engineering research and development expenses of $110 million for the period. Interest expense, net, increased to $115 million for the six months ended June 30, 2026, from $43 million in the same period of 2025, reflecting the higher debt load. Net income for the first half of 2026 was $293 million, versus $387 million for the first half of 2025.

The balance sheet reflects the scale of the acquisition. Goodwill increased to $2,812 million at June 30, 2026, from $2,075 million at December 31, 2025, and intangible assets, net, rose to $1,607 million from $794 million over the same period. The company issued $1,200 million in long-term debt during the first half of 2026 to help fund the transaction. Cash and cash equivalents declined to $399 million at June 30, 2026, from $1,495 million at December 31, 2025. As of July 22, 2026, the filing reported 82,578,038 shares of common stock outstanding. The company paid dividends of $0.29 per share in Q2 2026 and repurchased $47 million of common stock during the quarter.

What Was Disclosed

The 10-Q for the quarter ended June 30, 2026 disclosed Allison Transmission's income statement, balance sheet, and cash flow results, including a $2,529 million business acquisition, increased debt levels, higher revenue, and per-share earnings and dividend figures for the period.