EarningsQ2 2026 Earnings Report
MX:SAABBN Q2 2026 EPS Results
Actual EPS$7.26
Consensus EPS$6.22
Beat/MissBeat by +$1.05
One Year Ago EPS$5.15
MX:SAABBN Q2 2026 Revenue Results
Actual Revenue$46.34B
Expected Revenue$43.48B
Beat/MissBeat by +$2.87B
YoY Revenue Growth+28.64%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
MX:SAABBN Upcoming Earnings
Saab AB's next earnings date is estimated for October 23, 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 presented multiple strong commercial and financial positives: record backlog (SEK 318bn), meaningful order intake (SEK >68bn), robust organic growth (~30%), margin expansion, significant segment momentum (Dynamics and Surveillance), ambitious capacity build-outs (GlobalEye and Gripen), and improved H1 cash flow (SEK ~1bn) combined with a solid liquidity position and BBB+ rating. Key negatives were limited and largely execution/timing related: a SEK ~200m Naval write-down after not being selected for the Swedish frigate, under-absorption in the T-7 program, supply-chain pressures, and delayed booking/advance-payment timing on large contracts (Poland submarine payments not yet received; Gripen Ukraine booked next quarter). Overall, the positives (large commercial wins, backlog, margin and R&D investment progress, and improving cash and liquidity metrics) materially outweigh the limited one-off and timing challenges.Company Guidance
Record order backlog and strong order intake
Order backlog reached SEK 318 billion (record). Order intake for the quarter was slightly more than SEK 68 billion, driven by major platform wins (including the Poland submarine contract).
Major platform contract wins
Signed major contracts including three submarines for Poland (SEK 47 billion order) and first batch of 16 Gripen E for Ukraine (to be booked next quarter due to administrative timing). GlobalEye selections: Canada (six aircraft under negotiation) and NATO selection (~10 aircraft for Geilenkirchen).
Strong organic growth and multi-year growth track record
Group organic growth nearly 30% in the quarter; sales CAGR of 24% over the multi-year period and EBIT CAGR of 34% over the same period.
Improved margins and profitability
Record gross margin for the single quarter with gross margin expanded by more than 1 percentage point year-over-year. Group EBIT margin improved to 11%; EBIT increased ~41% in the quarter (quarter-over-quarter improvement noted).
Excellent segment performance: Dynamics and Surveillance
Dynamics delivered very strong performance with ~36% quarter-over-quarter sales growth and record EBIT; Surveillance grew ~47% quarter-over-quarter with EBIT growth of ~55%, supported by high-volume Giraffe 1X deliveries (100 systems in H1 and scaling toward >300 systems/year).
R&D and capability investments
R&D increased by roughly SEK 700 million in H1 vs prior year; rolling 12-month internally funded R&D at SEK 4.4 billion (more than doubled versus three years ago). Notable technology progress: test flight for an Unmanned Airborne Early Warning system and remote torpedo firing from an unmanned Combat Boat 90.
Production ramp-up plans and talent intake
Capacity expansion underway: GlobalEye capacity being planned toward 4–6 aircraft/year (management aiming to build for six by 2030 timeframe); Gripen production target ~25–30 aircraft/year (doubling capacity). Recruitment momentum with ~3,000 net new employees per year.
Improved cash generation and strong balance sheet
H1 positive cash flow of roughly SEK 1+ billion versus H1 last year at SEK -1.1 billion (turnaround). Cash conversion reached 53% after the quarter (moving toward the medium-term target of >60%). Net liquidity SEK 2.5 billion; cash and liquid investments approx. SEK 17 billion and a confirmed S&P rating of BBB+.
Sustainability progress and recognition
Despite an 8% emissions increase in the quarter due to higher operational activity and test flights, Saab reports progress toward SBTi commitments with initiatives (robot-assisted welding, 3D printing) and ranks second in the aerospace & defense sector in FT/Statista European climate leaders.
MX:SAABBN 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