EarningsQ2 2026 Earnings Report
MX:EPIAN Q2 2026 EPS Results
Actual EPS$3.67
Consensus EPS$3.76
Beat/MissMissed by -$0.09
One Year Ago EPS$3.31
MX:EPIAN Q2 2026 Revenue Results
Actual Revenue$30.16B
Expected Revenue$29.78B
Beat/MissBeat by +$386.21M
YoY Revenue Growth+10.39%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
MX:EPIAN Upcoming Earnings
Epiroc AB'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
Overall the call presented a solid operational and financial performance: double-digit organic order and revenue growth, improving profitability and strong cash generation while demonstrating aftermarket resilience and innovation momentum. Management acknowledged several near-term headwinds—service mix timing, inventory buildup, FX volatility and quarter-to-quarter incremental margin variability—but highlighted concrete efficiency measures, production ramp-ups and a stronger balance sheet that mitigate risks. On balance, positive execution and financial improvements outweigh the challenges discussed.Company Guidance
Strong Order Intake and Continued Organic Growth
Orders received increased 13% organically to SEK 17.3 billion; this is the ninth consecutive quarter of organic order growth. Equipment orders grew 30% organically and service orders increased 6% organically. Large orders in the quarter amounted to SEK 720 million (mainly brownfield and replacement).
Revenue Growth and High Invoicing
Revenues/invoicing were SEK 16.7 billion, representing ~10% reported growth and 11% organic growth versus prior year, supported by high equipment invoicing and successful production ramp-up.
Improved Profitability and EBIT
EBIT increased 17% to SEK 3.3 billion. Adjusted operating profit rose 12% to SEK 3.35 billion and the adjusted operating margin improved to ~20.1% from 19.7% year-over-year (reported operating margin ~19.9%).
Aftermarket Resilience and Contribution
Aftermarket accounted for 64% of group revenues (service 41%, Tools & Attachments 23%). Service/order resilience supports margin stability and long-term recurring revenue.
Tools & Attachments Margin Recovery
Tools & Attachments revenues increased to SEK 3.9 billion (5% reported, 7% organic). EBIT rose to SEK 488 million with a reported operating margin of 12.7% versus 10.3% a year ago; tungsten input-cost headwinds were largely mitigated via surcharges and a recycling program.
Strong Cash Generation and Balance Sheet Improvement
Operating cash flow improved to SEK 1.9 billion from SEK 1.1 billion a year ago. Net debt fell to SEK 11.4 billion from SEK 13.3 billion (down ~SEK 2.0 billion); net debt/EBITDA improved to 0.75 from 0.82.
Positive Long-Term Indicators: Exploration & Innovation
Exploration was one of the strongest growing businesses (encouraging for long-term mining investment). Management highlighted continued adoption of automation, digitalization, electrification (e.g., Minetruck MT66 S eDrive) and strong customer engagement at Epiroc World Expo.
Cost Efficiency Actions Delivering Results
Efficiency measures implemented in prior quarters contributed to improved margins and higher factory absorption; admin, R&D and marketing costs rose in absolute terms but fell as a percentage of revenue to 16.2% from 17.0%.
MX:EPIAN 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