Mycronic (MYCR) Q2 2026 earnings summary

Executive summary

• Record order intake up 119% year-over-year to SEK 2,917 million, with strong contributions from all divisions, especially Global Technologies and High Volume.

• Net sales rose 17% year-over-year to SEK 2,416 million, the second-highest ever, primarily driven by Global Technologies.

• Gross margin improved to 57% from 53% year-over-year; EBIT increased to SEK 698 million with a margin of 29%.

• Order backlog increased to SEK 5,255 million, providing solid visibility.

Financial highlights

• Revenue grew 17% year-over-year to SEK 2,416 million.

• Aftermarket revenue hit a record SEK 544 million, now 24% of net sales.

• Rolling 12-month revenue reached SEK 8,649 million with a 26% EBIT margin.

• Net cash position at quarter-end was SEK 2,267 million.

• Q2 EPS: SEK 2.70 (vs. 2.28); H1 EPS: SEK 6.36 (vs. 5.46).

Outlook and guidance

• Full-year 2026 net sales guidance raised to SEK 9.25 billion (from SEK 8.75 billion), reflecting strong demand and favorable currency effects.

• Global Technologies EBIT margin expected to normalize around 30% as capacity investments catch up with demand.

• PCB Assembly Solutions aims to restore EBIT margin to above 10% through restructuring by end of 2027.