Switzerland's ABB Q2 revenue rises; co buys Rotork in $5.5 bln deal
Switzerland's ABB Q2 revenue rises; co buys Rotork in $5.5 bln deal
Overview
Switzerland-based electrification and automation firm's Q2 revenue rose 14% yr/yr
Q2 basic EPS increased 8% yr/yr
Company announced $5.5 bln Rotork acquisition to expand automation portfolio
Outlook
ABB expects Q3 2026 comparable revenue growth in the low- to mid-teens, year-on-year
Company sees Q3 2026 Operational EBITA margin improving sequentially from Q2
ABB expects full-year 2026 comparable revenue growth in the low double-digit to low-teens range
Result Drivers
HIGH DEMAND - Co said strong Q2 results were driven by high demand in most customer segments
OPERATIONAL EXECUTION - Co attributed results to strong execution and disciplined working capital management
TECHNOLOGY PARTNERSHIPS & INNOVATION - Co highlighted technology partnerships and new products, including VoltaGrid partnership and HiPerGuard UPS introduction, as supporting its market position
Company press release: ID:nEQ6wN9w2a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $9.48 bln |
|
Q2 Net Income |
| $1.23 bln |
|
Q2 Basic EPS |
| $0.68 |
|
Q2 Operating Income |
| $1.59 bln |
|
Q2 Orders |
| $12.04 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 22 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy electrical equipment peer group is "buy."
Wall Street's median 12-month price target for Abb Ltd is CHF80.00, about 3.8% below its July 15 closing price of CHF83.18
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 24 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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