EarningsQ2 2026 Earnings Report
DE:SKFA Q2 2026 EPS Results
Actual EPS€0.44
Consensus EPS€0.33
Beat/MissBeat by +€0.12
One Year Ago EPS€0.10
DE:SKFA Q2 2026 Revenue Results
Actual Revenue€2.07B
Expected Revenue€2.05B
Beat/MissBeat by +€16.22M
YoY Revenue Growth+0.13%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
DE:SKFA Upcoming Earnings
SKF AB Class A's next earnings date is estimated for October 21, 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 described a quarter with solid operational progress and improving profitability metrics (group adjusted operating margin up to 13.9%, SIS strong growth and margin expansion, rightsizing savings realized), strategic milestones (automotive separation on track and a new humanoid venture) and strong liquidity. Offsetting these positives were demand softness in Europe, a continued decline in automotive sales (-1.4%), one-off restructuring/IAC charges (SEK 1.0bn in Q2 and SEK -2.5 to -3.0bn guidance for the year), working capital build-up (SEK -1.1bn) and temporary productivity drag from support production. On balance, the company demonstrated meaningful operational and strategic momentum while managing near-term separation and restructuring costs.Company Guidance
Group Organic Growth
Reported organic growth of 1.4% in Q2 2026, with positive momentum driven by Asia and Specialized Industrial Solutions.
Improved Group Profitability
Adjusted operating margin increased to 13.9% from 13.3% year-over-year; adjusted gross profit margin improved by 1.1 percentage points to 32.7%.
Specialized Industrial Solutions (SIS) Outperformance
SIS grew north of 8% year-over-year, representing 20% of sales and 22% of adjusted operating profit; adjusted operating margin rose from just over 10% to over 15%, driven by aftermarket, Aerospace and Magnetics, pricing and volume in lubrication/automated lubrication systems.
Bearing Solutions Profitability and Scale
Bearing Solutions accounts for 55% of group sales and 76% of adjusted operating profit; organic growth was flattish at +0.2% while adjusted operating profit margin remained strong (north of 19%).
Automotive Margin Improvement Despite Weak Demand
Automotive sales declined -1.4% in the quarter (25% of sales, 11% of adjusted operating profit), but adjusted operating margin improved to 5.7% due to manufacturing efficiency and procurement management tied to separation activities.
Rightsizing Program Delivering Savings
Rightsizing delivered SEK 350 million in realized benefits in the quarter, more than offsetting separation-related negative synergies for the period; cumulative SEK 2.0 billion rightsizing accrual continues to be paid out gradually.
Strong liquidity and manageable leverage
Liquidity increased to SEK 12.5 billion (from SEK 8.4 billion prior quarter) after drawing an EIB loan ($500m); net debt (excl. pensions) SEK 7.3 billion; net debt/adjusted EBITDA (excl. pensions) ~0.5 and adjusted ROCE improved to 14.5%.
Strategic Progress: Automotive Separation & Humanoids Venture
Automotive separation structurally and IT-separated and on track for listing in Q4 2026; new CEO appointed for Automotive (Kerstin Enochsson). Announced majority-owned (60%) venture with Leaderdrive targeting industrial humanoids, aiming to cover ~80% of bearing needs in humanoids and become operational by year-end.
CapEx Optimization
Full-year additions to property, plant & equipment guidance reduced from SEK 5.0 billion to SEK 4.0 billion for 2026, with midterm guidance to normalize to ~3.5% of sales eventually and near-term operational optimization behind the reduction.
Evolving regional performance
Regional highlights: Americas organic growth ~2.3% (understated due to tariff refunds), China & Northeast Asia solid north of 3%, India & Southeast Asia ~4% driven by India and Vietnam.
DE:SKFA 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