Oshkosh Corporation’s recent moves at CES 2026 and its acquisition of Canvas’s robotics technology signal a bold step toward reshaping the construction industry’s future. By embedding AI, autonomy, and electrification into its vehicles and equipment, Oshkosh is not just keeping pace with technological advancements—it’s setting the stage for a new era of intelligent construction.
The acquisition of Canvas’s robotic drywall finishing system and compact micro scissor lifts for data center job sites is a strategic pivot that could redefine Oshkosh’s long-term positioning. These technologies are poised to enhance efficiency, safety, and precision on construction sites, addressing some of the industry’s most pressing challenges. The integration of AI-powered solutions like the HARR-E waste-handling robot and the electrified Striker Volterra airport rescue vehicle further underscores Oshkosh’s commitment to innovation.
Oshkosh’s investment narrative has always hinged on its ability to compound value by merging its core specialty vehicle franchises with higher-value software, autonomy, and electrification. The CES 2026 showcase and the Canvas acquisition reinforce this tech-forward angle, but the near-term focus remains on executing in Access and USPS/defense programs. The key risk, however, lies in the cyclical nature of construction and government-contract exposure. If nonresidential construction or government funding soften at an inopportune moment, Oshkosh’s growing tech investments could face headwinds.
The company’s projections for 2028—$12.0 billion in revenue and $940.2 million in earnings—require a steady 5.1% yearly revenue growth and a significant earnings increase from the current $650.4 million. This ambitious target underscores the need for Oshkosh to balance its innovation-driven strategy with the realities of market cyclicality.
For investors, the question is whether Oshkosh’s push into AI-infused, higher-margin equipment can offset the risks associated with cyclical markets. The company’s fair value estimates, which range from $10 to $238 per share, reflect the wide spectrum of opinions on this matter. Some see a 62% upside, while others remain cautious.
Oshkosh’s narrative is compelling, but it’s not without challenges. The construction industry’s future will be shaped by companies that can navigate the delicate balance between innovation and market volatility. Oshkosh’s recent moves suggest it’s up for the task, but only time will tell if its tech-forward strategy will pay off in the long run. As the industry evolves, Oshkosh’s ability to adapt and innovate will be crucial in determining its success.