ABB (ABB) Q2 2026 earnings summary

Executive summary

• Achieved record-high quarterly orders and revenues, with strong operational execution and value creation through M&A, including the $5.5 billion Rotork acquisition and other deals to expand automation and electrification offerings.

• Order backlog reached a record $30 billion, up 28% year-over-year, driven by robust demand across all business areas.

• Free cash flow reached $881 million, up $36 million year-over-year, supporting continued investments and capacity expansion.

Financial highlights

• Orders reached $12,042 million, up 30% year-over-year; revenues hit $9,475 million, up 14% year-over-year; book-to-bill ratio at 1.27.

• Operational EBITA increased 20% to $1,925 million, with margin up 90 bps to 20.2%.

• Net income attributable was $1,231 million (+7% YoY); basic EPS was $0.68 (+8% YoY).

• Return on capital employed (ROCE) was 28.4%, up 390 bps year-over-year.

• Free cash flow conversion to net income was 102%.

Outlook and guidance

• Raised full-year guidance to low double-digit to low teens comparable revenue growth, with Q3 expected to see low- to mid-teens revenue growth and sequential margin improvement.

• Operational EBITA margin is expected to improve year-over-year, even excluding one-time real estate gains.