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 increased 9% to $1,708 million, with margin up to 19.2%; basic EPS grew 6% to $0.63.

• Launched three new robot families in China, upgraded EMAX air circuit breaker, and announced acquisitions in electrification and energy storage.

• Recognized among the world's most sustainable companies and received top scores for climate and LGBTQ+ transparency.

Financial highlights

• Order intake reached $9.8 billion, up 16% year-over-year; revenues at $8.9 billion, up 8% year-over-year.

• Operational EBITA was $1,708 million, up 9% year-over-year, with margin at 19.2%.

• Free cash flow for Q2 was $845 million, slightly down due to higher capex and net working capital; cash flow from operations was $1,059 million.

• Book-to-bill ratio at 1.10; order backlog at $25.0 billion, up 13% year-over-year.

• Gross margin at 40.2%, up 10 basis points year-over-year.

Outlook and guidance

• Q3 2025: Expects at least mid-single digit comparable revenue growth and stable operational EBITA margin.

• Full-year 2025: Guidance for mid-single digit comparable revenue growth and year-over-year margin improvement; positive book-to-bill expected.

• Order backlog of $25 billion provides strong revenue visibility, with 46% expected to be fulfilled in 2025.