WEG (WEGE3) Q3 2026 earnings summary

Executive summary

• 3Q26 net revenue was R$10,860.8m, up 5.7% YoY and 7.1% QoQ; external markets reached a record 62.5% of revenue.

• Growth reflected external-market demand and Brazilian long-cycle project deliveries, despite softer demand in some domestic markets and real appreciation.

Financial highlights

• EBITDA was R$2,345.2m, up 3.1% YoY; net income attributable to controlling shareholders was R$1,665.2m, up 0.9%.

• 9M26 revenue declined 0.3% YoY to R$30,472.7m; EBITDA fell 0.7% to R$6,660.6m and net income fell 2.2% to R$4,681.0m.

• Gross margin was 32.9%, down 0.7 pp YoY; SG&A was R$1,274m, up 7.0%.

• Adjusted for acquired businesses, quarterly revenue grew 5.6% YoY; external-market revenue rose 13.4% in weighted local currencies.

Outlook and guidance

• Capacity expansion and operational efficiency remain priorities; management cited favorable opportunities and expects continued growth while monitoring market dynamics.

• Healthy long-cycle industrial order intake supports the order book for coming quarters; North American T&D and generator demand support GTD momentum.