Switzerland's ABB Q1 revenue rises 18%, helped by data center demand

Abb

22/04/2026 05:55

Overview

Switzerland electrification and automation firm's Q1 revenue rose 18% yr/yr, basic EPS up 21%

Company reported record free cash flow for Q1, driven by earnings increase and working capital

Company launched previously announced $2 bln share buyback program in February

Outlook

ABB expects Q2 2026 comparable revenue growth in high single to low double digits year-on-year

Company sees Q2 2026 operational EBITA margin improving year-on-year

ABB expects full-year 2026 comparable revenue growth in high single to low double digits year-on-year

Result Drivers

RECORD ORDERS - ABB said orders rose 24% on a comparable basis, reaching record-high levels, supported by all business areas

ELECTRIFICATION AND DATA CENTER DEMAND - Company cited strongest market momentum in data centers and positive trends in grid investments, electrification, and automation

MARGIN IMPROVEMENT - 320 basis point improvement in operational EBITA margin, mainly from real estate gains and improved business performance

Company press release: ID:nEQ66v4Bya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$8.73 bln
Q1 Net Income
$1.32 bln
Q1 Cash Flow From Operating Activities
$1.03 bln
Q1 Basic EPS
$0.73
Q1 Operating Income
$1.78 bln
Q1 Orders
$11.3 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy", 18 "hold" and 3 "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 CHF66.50, about 10.4% below its April 21 closing price of CHF74.20

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 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.)