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EarningsQ2 2026 Earnings Report
DE:8TRA Q2 2026 EPS Results
Actual EPS€1.43
Consensus EPS€1.20
Beat/MissBeat by +€0.22
One Year Ago EPS€0.49
DE:8TRA Q2 2026 Revenue Results
Actual Revenue€11.77B
Expected Revenue€11.58B
Beat/MissBeat by +€185.83M
YoY Revenue Growth+4.12%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
DE:8TRA Upcoming Earnings
TRATON SE's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed improving operational momentum: strong order intake, accelerating top‑line trends, improved Q2 profitability (adjusted RoS 8.1%), BEV volume acceleration and targeted investments (including EUR 850m green financing). Management raised the lower end of RoS guidance and narrowed full‑year revenue/unit sales guidance toward the upper end while upgrading some regional outlooks (notably North America and China). However, results were aided by a one‑off tariff receivable timing effect (~EUR 120m), cash generation remains weak (H1 net cash negative EUR 269m; net debt up EUR 351m), input‑cost headwinds from the Iran war and a high R&D cash burden persist, and North American deliveries and China underutilization constrain near‑term upside. On balance, positive operational and demand signals outweigh the material uncertainties and temporary accounting/timing effects.Company Guidance
Q2 Unit Sales and Revenue Momentum
Q2 unit sales rose 4% YoY to almost 83,000 units and Q2 sales revenue increased 4% YoY to EUR 11.8 billion; half‑year sales revenues returned to flat YoY despite a slow Q1 start.
Strong Order Intake and Book-to-Bill
Order intake jumped 44% YoY in Q2 (plus 18% in Q1) resulting in a 30% improvement in H1 and a Q2 book‑to‑bill of 1.2, indicating backlog build and back‑end loaded delivery potential.
Profitability Improvement
Q2 adjusted return on sales (RoS) improved to 8.1% (group) and H1 adjusted RoS reached 7.0%, with TRATON Operations at 9.0% in Q2 and Scania achieving 11.6% (earnings +27% YoY).
Regional Demand Upside and Revised Market Outlooks
Outlooks strengthened: North America midpoint raised from +2.5% to +5% (Class 8 could grow ~9% to 282,000), China midpoint raised from -5% to 0%; Europe outlook midpoint unchanged at +2.5%; South America midpoint left at -5%.
BEV Acceleration and Green Financing
Battery‑electric vehicle deliveries rose 67% YoY in Q2 to 1,050 (H1 BEV units 1,907, +53% YoY); European BEV ratio (ex‑van) increased from 1.9% to 2.6% H1; issued EUR 850 million in green bond and green loan to support BEV investments.
Operational and Product Initiatives
Investments and launches include EUR 70 million to expand Scania BEV capacity in Angers, launch of MAN eTGM 16‑tonne BEV, My International fleet management digitalization, expanded charging partnerships, and TRATON Financial Services geographic and product expansion.
Segment Growth Highlights
Volkswagen Truck & Bus sales revenue +22% in Q2 (driven by Move Brasil and bus tender wins); TRATON Financial Services revenue +21% with return on equity 8.7%; MAN sales revenue +4% with adjusted RoS 6.7%.
DE:8TRA Earnings History
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