ABBN SIX Earnings call
ABB (ABBN) · Q2 2026 results
Share price: 70.70 CHF · 2026-11-11
Results Q2 2026 vs Q4 2025 · previous quarter
Net income down 1.4% on the previous quarter, guidance raised. The language turned more upbeat.
Only a basic analysis is available for this company at the moment.
1 · Numbers
−1.4%
Net income vs Q4 2025
Guidance raised
Net income 994.4M vs 1.01B
Revenue +6.7%
2 · How management spoke
More upbeat
Language tone vs last period
Language: upbeat — more upbeat than in Q4 2025.
3 · What stood out
Figure
Corporate & other segment reached approximately $5.5 billion in USD terms this quarter, representing a key financial milestone for the division.
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: no OCF/capex (bank, utility, or SEC gap).
Current price
70.70 CHF
close of 2026-11-11
Read between the lines
-
Key theme
Electrification posted another record margin of 24.9%.
Source quote
“Looking at the third quarter, we expect comparable revenue growth to be at least similar to what we saw in Q2... This reflects a margin of 24.9%, yet another record high from the Electrification team. Let's turn to Motion.”
-
Guidance ↑
Full-year comparable revenue guidance was raised to a low double-digit to low teens increase.
Source quote
“We raise our growth guidance for the year to a low double-digit to low teens increase in comparable revenues.”
-
Guidance
Third-quarter revenue growth is expected to be at least as strong as Q2 and profit margins should improve.
Source quote
“Looking at the third quarter, we expect comparable revenue growth to be at least similar to what we saw in Q2, and Operational EBITA margin should improve from the second...”
-
Fading
Free cash flow held steady at $1.6 billion while orders grew 9%.
Source quote
“Another strong point for me is the free cash flow of $1.6 billion. The high order level with 9% growth is one key highlight in the quarter. In total, I'm pleased with the quarter.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q4 2025.
Upbeat — more upbeat than in Q4 2025.
Sentences that drove the tone
“Let's talk through the building blocks that resulted in another record quarter for both orders and revenues, good earnings growth, a solid margin improvement, and good cash flow.”
“Revenues increased in both the project and short-cycle businesses, and higher volumes was the biggest contributor to the strong comparable growth of 12%.”
“Speaking of strong markets, we had surging order growth of 58% in Electrification and a very strong 20% in Motion.”
Full figures
CHF · ROIC.AI fundamentals (SIX:ABBN, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q4 2025period end 2025-12-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 7.65B | 7.17B | +6.7% | 8.29B | −7.7% |
| Gross profit | 3.06B | 2.90B | +5.7% | 3.36B | −8.9% |
| Operating income | 1.37B | 1.20B | +13.8% | 1.37B | ±0% |
| Net income | 994.4M | 1.01B | −1.4% | 1.15B | −13.6% |
| EPS | 0.55 | 0.55 | −1.1% | 0.63 | −12.9% |
| P/E | — | — | — | — | — |
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