Atlas Copco Group (ATCO) Q2 2026 earnings summary

Executive summary

• Record order intake in Q2 2026, up 27% year-over-year to MSEK 50,951, with strong organic growth of 26%, driven by demand across all major business areas, especially semiconductors and vacuum.

• Five acquisitions completed, including LACO Technologies and Euroklimat, expanding capabilities in leak detection, utility room solutions, and product portfolio.

• Service business grew in all divisions and regions, supporting aftermarket strategy.

• Stable profit margin year-on-year with sequential improvement and robust operating cash flow.

• All business areas and regions, except Africa/Middle East, contributed to order growth.

Financial highlights

• Orders received reached MSEK 50,951, up 26% organically; revenues at MSEK 44,974, up 8% organically.

• Adjusted operating profit was MSEK 9,455 (margin 21.0%), up 12% year-over-year; EBITA at MSEK 9,914 (margin 22.0%).

• Profit for the period was MSEK 7,063; basic EPS at SEK 1.45, up from SEK 1.34.

• Operating cash flow was MSEK 6,758, up from MSEK 6,114 year-over-year.

• Net profit before tax was SEK 9.1 billion; effective tax rate at 22.8%.

Outlook and guidance

• Activity levels increased from Q1 to Q2 and are expected to remain elevated in the next quarter, supported by strong semiconductor and general industrial markets.

• Customer activity expected to remain at current levels in the near term, excluding large orders and seasonality.