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Schindler Holding AG (SCHP) Q3 2026 Earnings Report

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CH:SCHP Q3 2026 EPS Results

Actual EPS
CHF 2.81
Consensus EPS
CHF 2.63
Beat/Miss
Beat by +CHF 0.18
One Year Ago EPS
CHF 2.36

CH:SCHP Q3 2026 Revenue Results

Actual Revenue
―
Expected Revenue
CHF 2.79B
Beat/Miss
―
YoY Revenue Growth
―

Earnings Announcement Details

Quarter
Q3 2026
Date
10/22/2026
Time
Before Open
Conference Call
Thursday, October 22, 2026
CH:SCHP Upcoming Earnings

Schindler Holding AG's next earnings date is estimated for February 10, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

CH:SCHP Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Oct 22, 2026|% Change Since:14.08%|
Earnings Call Sentiment|Positive

The call was clearly positive. Schindler reported broad-based order growth, accelerating revenue, higher margins, strong Modernization execution, continued market share gains and improved profitability guidance. The company still faces significant challenges from weak Chinese New Installation activity, subdued construction markets, macroeconomic uncertainty and cost inflation, but management said pricing and efficiency measures were mitigating these pressures.

Company Guidance

For 2026, Schindler kept its full year revenue guidance unchanged at “low to mid-single-digit growth” in local currencies and raised its EBIT margin guidance to 13.5% from 13%; having delivered a 13.5% margin year-to-date, it expects a similar level in quarter 4. Restructuring costs are now expected to be up to CHF 40 million, versus up to CHF 60 million previously; additional cost inflation related to energy, logistics and commodity prices remains circa CHF 35 million, and the exposed gross P&L impact from tariffs remains approximately CHF 15 million. BuildingMinds is expected to have no further financial impact on the P&L going forward beyond the CHF 10 million of expenses year-to-date, and Schindler aims to complete the full CHF 700 million share buyback by November 5, having completed CHF 650 million as of yesterday.

  • Broad-Based Order Intake GrowthQ3 order intake grew over 10% in local currencies, with high-single-digit or low-double-digit growth across all regions. New Installation orders grew over 15% overall, close to 16% in the financial review and close to 20% excluding China; Modernization grew 13%; and Service and Repair grew at mid- to high-single-digit rates.
  • Revenue Growth AcceleratedQ3 revenue growth accelerated to 5.1% in local currencies from 1.4% in the first half. The company said this was largely as expected and remained consistent with its full-year 2026 revenue guidance of low to mid-single-digit growth.
  • Strong Margin Expansion and Raised EBIT GuidanceReported operating margins improved by 100 basis points year-on-year in Q3, while adjusted margins improved by 50 basis points. Pricing, efficiency improvements, cost-inflation mitigation and a modestly favorable mix supported the improvement. Full-year EBIT margin guidance was raised to 13.5% from 13%.
  • Modernization Backlog ExecutionModernization revenue grew 16.5% in Q3, supported by good execution of the backlog and the completion of several larger projects carried over from Q2. Modernization order intake recorded its seventh consecutive quarter of double-digit growth, with average growth exceeding 16% over those seven quarters.
  • Strong Modernization Performance Across RegionsModernization order growth was in double-digit territory across all regions except the Americas, where fewer large projects were booked in the quarter year-to-date. EMEA was a standout, with growth exceeding 20% in all of the region's largest Modernization markets, while China’s Modernization order growth accelerated from an already high rate earlier in the year.
  • Backlog Growth and Improved VisibilityOrder backlog grew 4.5% year-on-year in local currencies in Q3, compared with 3% reported with the Q2 results. Backlog growth was recorded across all businesses, including mid-single-digit growth in EMEA, high-single-digit growth in the Americas and double-digit growth in Asia Pacific excluding China. Backlog margin was stable sequentially and improved year-on-year.
  • Market Share Gains Supported by Modular PlatformsSchindler reported continued gradual market share gains in New Installation markets across Europe, the Americas and Asia Pacific excluding China. Management attributed the progress partly to its modular platforms, which combine a high-quality customer perception with benefits from product modularity and simplicity. In Europe, the very most of sold products were described as modular-platform-related, while penetration in Asia Pacific was around half or slightly above half and increasing in the Americas.
  • Broad-Based New Installation Growth Outside ChinaNew Installation orders grew by strong double digits outside China, led by Asia Pacific excluding China and EMEA, with solid growth in the Americas. Management said the growth was well above market in those regions and reflected continued traction for Schindler’s products.
  • Improvement in China Order TrendsChina’s total order intake grew high single digit in Q3, led by exceptionally strong Modernization growth and good Service growth. China New Installation orders declined high single digit in value and low single digit in units, which management described as a marked improvement from prior quarters and a broadly flat development in the current environment.
  • Service Portfolio Recovery and RetentionService growth was mid-single digit to high-single digit and contributed positively to group growth and mix. Management said portfolio recoveries and customer retention were starting to materialize in many countries, reflecting what it characterized as strong customer loyalty. The Americas Service portfolio was stabilizing, while Service maintenance units continued to grow, led by Asia.
  • Net Profit GrowthQ3 net profit increased 17% year-on-year, driven by operational improvement and lower financial costs below the operating line. Net profit growth per share was slightly higher because of the lower share count following the cancellation of shares from the buyback program. Year-to-date net profit growth was 7% year-on-year.
  • Positive Operating Cash Flow DevelopmentQ3 operating cash flow was slightly higher than last year, supported by higher operating earnings. The company said this was partly offset by the timing of provision utilization and higher tax payments.
  • Efficiency Progress and Cost MitigationYear-to-date operational improvement in the EBIT bridge was CHF 75 million, driven by pricing, mix and efficiencies. In Q3, the operational bucket contributed CHF 30 million, with SG&A, field and supply-chain efficiencies continuing to materialize. The company said pricing and efficiency actions were mitigating additional cost inflation.
  • Reduced Restructuring Cost OutlookFull-year 2026 restructuring costs are now expected to be up to CHF 40 million, compared with the previous guidance of up to CHF 60 million. BuildingMinds completed its transaction with Lookthrough on September 30 and is expected to have no further P&L impact beyond CHF 10 million of expenses recorded year-to-date.
  • Share Buyback ProgressAs of the day before the call, Schindler had completed CHF 650 million of its CHF 700 million share buyback program, covering Tranche 1 and Tranche 2. Management continued to aim to complete the full CHF 700 million by the program end date of November 5.
  • New Modernization Product OfferingThe company released a new PORT terminal in Q3 to support PORT technology-based Modernization packages, including upgrades using PORT destination-control systems on both Schindler and third-party elevator systems.
  • Positive Strategic Position and Employer RecognitionManagement said Schindler entered an expected period of industry consolidation from a position of strength, citing sustained operating improvement, a very strong financial position, business-model resilience and strategic clarity. The company was also recognized by Forbes among the world's best employers again, with close to 70,000 employees.
  • Modernization Markets Remain a Bright SpotManagement reported solid Modernization demand across all regions, particularly in markets where elevator upgrades and replacements are supported by government programs and subsidies, notably Spain and China.

CH:SCHP Earnings History

CH:SCHP earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Feb 10, 20272026 (Q4)2.74-2.44――
Oct 22, 20262026 (Q3)2.632.812.3619.07% (+0.45)
Jul 21, 20262026 (Q2)2.542.492.422.89% (+0.07)
Apr 23, 20262026 (Q1)2.172.342.263.54% (+0.08)
Feb 11, 20262025 (Q4)2.432.442.353.83% (+0.09)
Oct 24, 20252025 (Q3)2.312.362.169.26% (+0.20)
Jul 18, 20252025 (Q2)2.332.422.276.61% (+0.15)
Apr 30, 20252025 (Q1)2.062.262.0510.24% (+0.21)
Feb 12, 20252024 (Q4)2.162.352.0812.98% (+0.27)
Oct 17, 20242024 (Q3)2.072.161.979.64% (+0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed