Schindler (SCHN) Q3 2026 earnings summary

Executive summary

• Q3 order intake rose 10.3% and revenue 5.1% in local currencies; reported EBIT margin reached 14.0%, up 100 bps YoY, and adjusted EBIT margin was 14.4%.

• FY 2026 EBIT margin guidance increased to ~13.5% from ~13%, while revenue growth guidance remains low- to mid-single-digit in local currencies.

Financial highlights

• Q3 revenue was CHF 2,833m, up 6.2% reported and 5.1% in local currencies; order intake was CHF 2,941m, up 11.5% reported and 10.3% in local currencies.

• Q3 EBIT was CHF 396m, up 14.1%; adjusted EBIT was CHF 407m, up 9.4% reported and 8.1% in local currencies.

• Q3 net profit rose 17.0% to CHF 310m and EPS increased 19.1% to CHF 2.81; lower financial costs supported quarterly profit growth.

• 9M revenue was CHF 8,162m, up 0.1% reported and 2.6% in local currencies; order intake was CHF 8,735m, up 5.2% in local currencies.

• 9M net profit rose 7.0% to CHF 852m; operating cash flow declined 6.6% to CHF 903m, mainly due to higher working capital requirements.

Outlook and guidance

• FY 2026 revenue guidance remains low- to mid-single-digit growth in local currencies; Q3 backlog growth and execution underpin confidence in a good Q4.

• FY 2026 reported EBIT margin guidance increased to ~13.5% from ~13%; Q4 margin is expected to be similar to the 13.5% 9M level.

• FY 2026 restructuring costs are expected to be up to CHF 40m, down from prior guidance of up to CHF 60m; estimated energy, logistics and commodity inflation remains CHF 35m.

• Estimated 2026 gross P&L impact from tariffs remains CHF 15m; pricing and efficiency actions are expected to mitigate cost inflation.