New Balance 2040v5 Made In USA "Grey": Craftsmanship Taken To The Extreme

New Balance has unveiled the latest addition to its Made in USA lineup with the 2040v5 in grey. It stands as the most ambitious lifestyle silhouette the Boston brand has ever produced domestically, marking a significant leap forward from its predecessors in the series.

The Castlerock colorway, paired with Mood Indigo and Blacktop accents, delivers a muted charcoal aesthetic with grey mesh peeking through the underlays for added texture. A deep blue FuelCell unit anchors the midsole, giving the otherwise neutral palette a distinct visual focal point. The heel retains the brand's familiar oval "New Balance / Made in USA" branding, while the lateral side picks up a red "2040" detail.

On the technical side, this marks the first time New Balance has combined three different cushioning systems in a single shoe, bringing together FuelCell, ABZORB SBS, and ENCAP. The midsole is further reinforced with two carbon fiber plates, one running the full length of the shoe and a secondary plate positioned on the medial side. That dual-plate setup paired with a triple cushioning stack gives the 2040v5 a spec sheet that reads closer to a race-day performance shoe than a nubuck-clad lifestyle pair.

New Balance 2040v5 "Grey"

Style CodeU2040509

Release DateAug 20, 2026

Retail Price$400

The upper is built from premium Horween nubuck leather layered over two-tone mesh, reflecting the craftsmanship philosophy New Balance brings to its Made in USA program. The original 2040 debuted back in 2012 as a showcase of the brand's domestic manufacturing capabilities, and this v5 update pushes that legacy further with a heavier investment in materials and technology.

The New Balance 2040v5 Made in USA in Grey officially releases on August 20, 2026, in North America, priced at $400.