The earnings call highlights significant achievements, including revenue and order intake growth, EBIT margin improvement, and a strong cash flow position allowing for a share buyback. However, challenges remain in the Service segment, with declining revenue and increased safety incidents. Offshore order absence and permitting challenges also indicate areas of concern.

Company Guidance

In the Vestas Q3 2025 call, the company reported a revenue of EUR 5.3 billion, reflecting a 3% year-on-year increase driven by higher deliveries, despite negative foreign exchange impacts. The EBIT margin stood at 7.8%, attributed to improved Onshore project execution and lower warranty costs, albeit partially offset by manufacturing ramp-up expenses. Order intake reached 4.6 gigawatts, a 4% rise year-on-year, significantly influenced by demand in the U.S. and Germany, with Onshore orders surging over 60% compared to the previous year. The order backlog in Power Solutions rose to EUR 31.6 billion, a EUR 3.3 billion increase year-on-year. Vestas also announced a EUR 150 million share buyback to align with its capital structure strategy, supported by a solid liquidity position. The company narrowed its revenue outlook to EUR 18.5-19.5 billion, adjusting the EBIT margin guidance to 5-6% due to a revised Service outlook and stronger Onshore execution. Despite challenges like increased tariffs and geopolitical volatility, Vestas remains focused on energy security and sustainability across its markets.

Revenue and Order Intake Growth

Vestas reported Q3 revenue of EUR 5.3 billion, a 3% increase year-on-year, with a 4% increase in order intake to 4.6 gigawatts driven by U.S. and Germany. Onshore order intake increased more than 60% quarter-on-quarter.

EBIT Margin Improvement

The EBIT margin improved to 7.8%, achieved through better Onshore project execution and lower warranty costs despite ongoing manufacturing ramp-up costs.

Share Buyback Initiated

Vestas announced a share buyback of EUR 150 million, reflecting confidence in their capital structure and liquidity position.

Record Q3 Gross Profit

Gross profit reached EUR 772 million, the highest ever for a third quarter, driven by improved Onshore profitability and lower warranty costs.

Strong Cash Flow and Net Cash Position

Operating cash flow was EUR 840 million, with a net cash position of EUR 0.5 billion, allowing for a share buyback.

Vestas Wind Systems (DE:VWSB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:VWSB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 11, 2026	2025 (Q4)	0.44 / -	0.5	―	―	―
Nov 05, 2025	2025 (Q3)	0.21 / 0.30	0.13	130.77% (+0.17)	―	―
Aug 13, 2025	2025 (Q2)	0.05 / 0.03	-0.16	118.75% (+0.19)	―	―
May 06, 2025	2025 (Q1)	-0.03 / 0.00	-0.07	―	―	―
Feb 05, 2025	2024 (Q4)	0.47 / 0.50	0.15	233.33% (+0.35)	―	―
Nov 05, 2024	2024 (Q3)	0.24 / 0.13	0.03	333.33% (+0.10)	―	―
Aug 14, 2024	2024 (Q2)	0.04 / -0.16	-0.12	-33.33% (-0.04)	―	―
May 02, 2024	2024 (Q1)	0.02 / -0.07	0.01	-800.00% (-0.08)	―	―
Feb 07, 2024	2023 (Q4)	0.10 / 0.15	-0.589	125.47% (+0.74)	―	―
Nov 08, 2023	2023 (Q3)	<0.01 / 0.03	-0.15	120.00% (+0.18)	―	―

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

DE:VWSB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2025	€17.25	€20.10	+16.49%
Aug 13, 2025	€15.55	€15.34	-1.41%
May 06, 2025	€12.46	€12.79	+2.69%
Feb 05, 2025	€13.42	€14.59	+8.74%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Vestas Wind Systems (DE:VWSB) report earnings?

Vestas Wind Systems (DE:VWSB) is schdueled to report earning on Feb 11, 2026, Before Open (Confirmed).

What is Vestas Wind Systems (DE:VWSB) earnings time?

Vestas Wind Systems (DE:VWSB) earnings time is at Feb 11, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Vestas Wind Systems stock?

The P/E ratio of Vestas Wind Systems is N/A.

What is DE:VWSB EPS forecast?

DE:VWSB EPS forecast for the fiscal quarter 2025 (Q4) is 0.44.

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