Sweden's Volvo beats Q2 revenue estimates

Volvo AB

17/07/2026 06:31

Overview
Sweden truck and equipment maker's Q2 revenue and adjusted operating income beat analyst expectations
Q2 earnings driven by broad-based growth in vehicle and service sales

Outlook
Volvo did not provide specific guidance or an outlook for future periods

Result Drivers
VEHICLE SALES GROWTH - Organic vehicle sales rose 6%, contributing to overall revenue growth, per company
SERVICE SALES GROWTH - Organic service sales increased 7%, reflecting high customer fleet utilization, according to the company
CURRENCY IMPACT - Positive currency movements added SEK 491 mln to operating income

Company press release: ID:nWkr1sflP3

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
SEK 126.30 bln
SEK 123.84 bln (8 Analysts)
Q2 EPS
 
SEK 5.10
 
Q2 Adjusted Operating Income
Beat
SEK 14.80 bln
SEK 13.63 bln (7 Analysts)
Q2 Adjusted Operating Margin
 
11.70%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"
Wall Street's median 12-month price target for Volvo AB is SEK358.00, about 4.9% above its July 16 closing price of SEK341.30
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 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.)