EarningsQ2 2026 Earnings Report
MX:ABBNN Q2 2026 EPS Results
Actual EPS$11.93
Consensus EPS$13.42
Beat/MissMissed by -$1.48
One Year Ago EPS$11.39
MX:ABBNN Q2 2026 Revenue Results
Actual Revenue$162.85B
Expected Revenue$171.32B
Beat/MissMissed by -$8.48B
YoY Revenue Growth+2.75%
Earnings Announcement Details
QuarterQ2 2026
Date07/16/2026
TimeBefore Open
Conference CallThursday, July 16, 2026
MX:ABBNN Upcoming Earnings
ABB Ltd's next earnings date is estimated for October 20, 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 highlighted multiple strong operating outturns: record orders and revenues, a materially expanded backlog, double-digit comparable growth in Electrification, clear margin improvement at group level, healthy free cash flow, and an upgraded growth outlook. These positives were balanced against manageable near-term challenges including gross margin headwinds from unrealized FX/commodity derivatives, special charges (~$130m), Motion profitability pressure (partly from an acquired business) and a YoY decline in Automation orders driven by a tough comparable. Strategic M&A (including the Rotork offer) is presented as value-accretive over time but carries near-term costs and will only contribute materially after closing (expected H1 2027). Overall, the company appears to be performing strongly with issues characterized as operational/transitionary rather than structural.Company Guidance
Record Orders and Revenues
Group orders hit about $12.0 billion in Q2 (first time ~ $12B in one quarter) with a comparable increase of 28%. Revenues were a record $9.5 billion, up 12% on a comparable basis. Book-to-bill was positive at 1.27 and backlog reached a record $30 billion, up 28% comparable.
Strong Electrification Performance
Electrification orders surged 58% comparable and absolute intake surpassed $7 billion for the quarter. Revenues in Electrification were $5.2 billion, up 19% comparable. Operational EBITA rose 26% to $1.3 billion and the Operational EBITA margin reached a record 24.9%. Book-to-bill for Electrification was 1.39 and backlog increased 59% to $13.7 billion.
Solid Group Profitability and Margin Expansion
Operational EBITA increased by 20% to $1.9 billion and the Operational EBITA margin improved by 90 basis points to 20.2% year-on-year.
Raised Full-Year Growth Guidance
Company raised FY26 comparable revenue growth guidance to 'low double-digit to low teens' and expects Q3 comparable revenue growth in the low- to mid-teens with sequential Operational EBITA margin improvement.
Strong Cash Generation
Free cash flow for the quarter was $881 million (improved year-on-year). Management remains on track to improve full-year free cash flow versus the prior year's $4.6 billion.
Automation Resilience and Margin Recovery
Automation revenues were $2.2 billion with comparable growth of 7%. Operational EBITA margin improved by 120 basis points to 15.4%, aided by strict SG&A control (including a ~70 bps one-off provision release).
Motion Order Momentum and Strategic Wins
Motion orders increased 20% comparable to $2.6 billion and revenues grew 4% comparable to $2.2 billion. Notable project wins include synchronous condensers for data-center stabilization under a partnership with VoltaGrid.
Active M&A Pipeline and Rotork Offer
Announced three acquisitions: Specialtrasfo (medium-voltage transformers), Høglund (marine automation), and a recommended offer for Rotork (actuators). Rotork: FY25 revenues GBP 777m, adjusted operating margin 24.6%; offer price GBP 5.03/share (~$5.5 billion). Management expects Rotork to add ~3% to ABB revenues on a 2025 pro forma basis, improve ABB's Operational EBITA margin by ~20 bps, and be EPS-accretive in year two (closing expected H1 2027).
MX:ABBNN 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