ABB (ABB) Q2 2025 earnings summary

Executive summary

• Achieved record-high order intake of $9.8 billion in Q2 2025, up 16% year-over-year, with broad-based growth across all business areas and regions.

• Revenues rose 8% to $8.9 billion, supported by strong backlog execution and positive developments in short-cycle and service businesses.

• Operational EBITA reached a record $1.708 billion, up 9% year-over-year, with a margin of 19.2%.

• Net income attributable to shareholders was $1,151 million, up 5% year-over-year; basic EPS grew 6% to $0.63.

• Launched new robotics families in China, upgraded Emax air circuit breaker, and recognized among the world's most sustainable companies.

Financial highlights

• Orders grew 14–16% year-over-year; revenues up 6–8% year-over-year.

• Gross profit for Q2 2025 was $3,574 million, with gross margin at 40.2%, up 10 basis points year-over-year.

• Free cash flow for the quarter was $845 million, slightly down due to working capital and CapEx, but first half total at $1.5 billion, slightly above last year.

• Book-to-bill ratio at 1.1 overall; order backlog at a record $25 billion, up 9–13% year-over-year.

• Cash flow from operating activities was $1,059 million, broadly flat year-over-year.

Outlook and guidance

• 2025 guidance unchanged; expecting at least mid-single-digit comparable revenue growth and stable or improving operational EBITA margin for Q3 and full year.

• Book-to-bill expected to remain above 1, with strong backlog supporting future revenue visibility.

• Electrification and Process Automation expected to maintain strong growth; Robotics & Discrete Automation to see sequential order and margin improvement.