EarningsQ2 2026 Earnings Report
DE:ACO Q2 2026 EPS Results
Actual EPS€0.13
Consensus EPS€0.14
Beat/MissMissed by -<€0.01
One Year Ago EPS€0.12
DE:ACO Q2 2026 Revenue Results
Actual Revenue€4.27B
Expected Revenue€4.11B
Beat/MissBeat by +€167.92M
YoY Revenue Growth+12.66%
Earnings Announcement Details
QuarterQ2 2026
Date07/16/2026
TimeBefore Open
Conference CallThursday, July 16, 2026
DE:ACO Upcoming Earnings
Atlas Copco's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:ACO Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call delivered a strongly positive operational story: record orders, very strong growth in Vacuum Technique and across key regions, revenue and adjusted profit expansion, solid cash generation, continued M&A and product innovation, and service growth. Offsetting factors are mostly operational and transitional (ramp-up costs, acquisitive dilution, working capital increase, some regional softness and lumpy order timing), which management characterized as manageable and largely temporary. On balance, the positive commercial momentum and financial performance materially outweigh the transitory challenges.Company Guidance
Record Order Intake and Strong Order Book
Added more than SEK 10 billion to the order book; year-to-date orders received SEK 96 billion and orders invoiced SEK 85 billion. Management highlighted very strong order intake across several market segments and cited an overall organic orders uplift (referred to as 26% organic growth) supporting a stronger backlog.
Vacuum Technique Surge
Vacuum Technique now represents ~25% of orders received in the last 12 months and delivered very strong organic growth of 59% (orders). Significant demand from the semiconductor market (advanced and mature nodes), industrial & scientific vacuum, and new product wins (e.g., abatement systems). Operating performance improving with management targeting further margin improvement as volumes ramp.
Broad-Based Regional Growth
Very strong geographic performance: Asia +47%, North America +49%, South America +16% and Europe +7%. China showed positive development across several product lines, and growth was broad-based across regions and Business Areas.
Revenue and Adjusted Profit Growth
Revenues grew organically ~8%. Adjusted profit increased ~12% in absolute terms with an adjusted margin cited at ~21% and group reported Q2 margin ~20.6%. Profit before tax SEK 9.1 billion versus SEK 8.4 billion year-ago.
Solid Cash Generation and Financial Discipline
Generated operating cash surplus (management noted at least SEK 1 billion contribution) and reported overall cash flow of SEK 6.8 billion in the quarter despite significant production ramp-ups and working capital build.
M&A and Strategic Acquisitions
Five acquisitions announced/closed in the quarter (including LACO Technologies) and a subsequent deal (Euroklimat) to strengthen capabilities (leak detection, utility-room cooling/heat pump solutions). Acquisitions contributed to orders and revenues (management noted acquisitions account for ~+5% to orders and ~+4% to revenues in the period).
Service and Product Innovation Momentum
Service business grew across divisions aiding recurring revenue; continued R&D and new product introductions (e.g., onsite industrial gas generation, abatement systems, new products for U.S. water well drilling) supporting competitive positioning and higher pricing power.
DE:ACO 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