EarningsQ2 2026 Earnings Report
MX:SIKAN Q2 2026 EPS Results
Actual EPS$74.13
Consensus EPS$74.34
Beat/MissMissed by -$0.22
One Year Ago EPS$74.56
MX:SIKAN Q2 2026 Revenue Results
Actual Revenue$120.80B
Expected Revenue$63.56B
Beat/MissBeat by +$57.24B
YoY Revenue Growth-1.53%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:SIKAN Upcoming Earnings
Sika AG's next earnings date is estimated for February 19, 2027, 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 conveyed a constructive and improving operational picture: local-currency growth and margin expansion in H1, raised full-year growth guidance, successful delivery from the Fast Forward program and M&A synergies, and solid regional outperformance (notably EMEA and a rebound in Americas). These positives are tempered by meaningful FX translation headwinds, continued weakness and rebasing impacts in China construction, elevated transportation/supply-chain costs, and some H2 margin seasonality and geopolitical uncertainty. The net impression is that the company is executing well and gaining share despite macro and FX pressures.Company Guidance
Strong Local Currency Top-Line Momentum and Raised Guidance
Reported sales of CHF 5.59 billion in H1; despite a slight reported decline, local currency growth was 4% in H1 with clear quarter-on-quarter momentum and the full-year local currency growth guidance raised from 1%–4% to 3%–6% for FY2026.
Material Margin Expansion
Material margin expanded by 60 basis points year-on-year to 55.7%, driven by procurement scale, efficiencies and effective pricing/surcharge pass-through.
EBITDA and Profitability Progress
EBITDA of CHF 1.063 billion in H1 (roughly flat YoY) with EBITDA margin expansion of ~10 bps reported (30 bps on constant currency) and net profit of CHF 552 million in line with prior year.
Fast Forward Program Delivering
Fast Forward program on track to deliver CHF 80 million of savings in 2026; run rate around 80% by mid-year and contributing meaningfully to improved margins and headcount efficiency (headcount down >1,000 YoY excluding M&A).
M&A and Synergy Execution
Recent bolt-on Finja (closed Jan) already contributing; Akkim acquisition expected to close in Q3. Trailing 12-month synergy capture at CHF 195 million (up from CHF 182 million); on track to reach CHF 200–220 million in 2026.
Regional Outperformance — EMEA and Americas
EMEA organic growth of 7.7% in H1, and Americas showed a strong sequential rebound in Q2 with a ~7.4 percentage-point improvement quarter-on-quarter, driven by commercial construction and data centers.
Cash Generation and Free Cash Flow Target
Operating free cash flow of CHF 139.6 million in H1; company reiterates confidence to deliver operating free cash flow above its strategic target of >10% of net sales for the full year, with cash generation skewed to H2.
Employee Engagement and Strategic Wins
Employee engagement survey participation at 88% with engagement score rising 2 points to 88, reflecting strong organizational commitment; notable project wins include supplying solutions to all 17 World Cup stadiums in North America.
MX:SIKAN 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