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EarningsQ2 2026 Earnings Report
VLVLY Q2 2026 EPS Results
Actual EPS$0.53
Consensus EPS$0.54
Beat/MissMissed by -$0.02
One Year Ago EPS$0.37
VLVLY Q2 2026 Revenue Results
Actual Revenue$13.48B
Expected Revenue$12.92B
Beat/MissBeat by +$568.89M
YoY Revenue Growth+6.07%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
VLVLY Upcoming Earnings
Volvo AB's next earnings date is estimated for October 23, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
VLVLY Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial performance: strong organic sales growth (+7%), robust adjusted operating income (SEK 14.8bn) and margin expansion (11.7%), solid cash generation, and very healthy order intake and book-to-bill metrics. Key strategic wins (product launches, services momentum, Penta exposure to data centers) support future growth. However, notable headwinds remain—freight and material inflation, tariff uncertainty (SEK ~1.2bn in Q2 plus run-rate), North American delivery/ramp-up execution risk, regional softness in parts of Asia and paused Middle East deliveries for Penta, and some timing-related R&D capitalization effects. Overall, positives materially outweigh the lowlights, though management highlighted areas of focus and uncertainty for H2 (tariffs, ramp-up, cost inflation).Company Guidance
Strong profitability and margin expansion
Adjusted operating income of SEK 14.8 billion in the quarter with an expanded adjusted operating margin of 11.7%, demonstrating earnings resilience despite external headwinds.
Solid top-line growth
Group net sales of approximately SEK 126 billion with organic net sales growth of 7% year-over-year.
Healthy cash generation and balance sheet metrics
Operating cash flow of SEK 5.8 billion in the quarter; industrial net cash position around SEK 34.7–35 billion after a SEK 26 billion dividend; return on capital employed ~26.8%–27% (12-month rolling).
Strong order intake and book-to-bill
Group Trucks order intake up 33% year-over-year; global book-to-bill at 170% for the quarter and 106% on a 12-month rolling basis, indicating robust demand and backlog coverage.
Service business momentum
Service sales grew organically by 7% in the quarter; 12-month rolling service sales increased to SEK 126 billion, supporting recurring revenue and resilience.
Vehicle and segment volume gains
Truck deliveries rose 6% to 55,700 units; Volvo Construction Equipment Volvo-branded volumes grew 14% in the quarter; vehicle and machine organic sales growth of 6%.
Electrification and product launches
Orders for battery electric vehicles increased 39% (12-month rolling) to 5,500 units; launches included Volvo Trucks' new 13-liter platform and Renault Trucks' heavy-duty E-Tech T (range up to 660 km).
Strategic portfolio and market development
Volvo Financial Services announced joint venture intent with Eicher Motors for India; Flexis JV moved to Renault Group; Volvo Penta order book now with 21% related to data center/build-out, signaling a growing energy solutions opportunity.
VLVLY 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