UBS Group posts $2.8 bn Q2 profit and launches $3 bn share‑buyback

UBS Q2 2026 earnings share buyback Credit Suisse integration net profit

UBS Group AG announced its second‑quarter 2026 results, reporting a net profit of $2.8 billion, above analyst forecasts. Underlying pretax profit rose 45 % year‑on‑year to CHF 3.9 billion and total revenues reached between $13.3 billion and $13.7 billion, driven by strong performance in investment banking, global wealth management and global markets. The bank’s CET1 capital ratio stood at 14.4 % at quarter‑end.

The earnings beat was accompanied by the launch of a new $3 billion share‑repurchase programme, with at least $1 billion scheduled for the next three months, subject to capital‑rule approval. UBS also highlighted the continued integration of former rival Credit Swiss, noting that 90 % of planned synergies have been realised and gross cost savings of $12.6 billion have been booked. Global Wealth Management attracted $36 billion of net new assets during the quarter.

One report noted that UBS missed its earnings‑per‑share estimate, posting $0.87 EPS versus the consensus $0.90. Overall, the results underscore UBS’s strong profit growth, progress on its integration agenda and a generous capital return to shareholders.

Entities: BASF SE · Credit Suisse · Elon Musk · Euro (€) · Ludwigshafen site · Markus Kamieth · Q2 2026 · Sergio Ermotti · Space Exploration Technologies Corp. · Terafab · Tesla, Inc. · UBS Group AG

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[○ 1 SOURCE] Tesla reported Q2 revenue of $28.24 billion, up 26 % year‑on‑year, and delivered 480,126 vehicles. (Tesla earnings call)
[○ 1 SOURCE] SpaceX could invest $55 billion in Terafab, with the total project cost projected at about $119 billion. (Tesla earnings call)
[○ 1 SOURCE] Elon Musk said there is increasing overlap between Tesla and SpaceX, especially via the Terafab project. (Tesla earnings call)
[○ 1 SOURCE] Tesla's earnings were supported by $590 million of other income from Bitcoin holdings and foreign‑exchange effects, while EV tax‑credit revenue fell 67 % after the credit ended in September 2025. (Tesla earnings call)
[○ 1 SOURCE] The chips from Terafab will be used for AI servers, satellites, SpaceX's planned data centre, Tesla autonomous cars and humanoid robots. (Tesla earnings call)
[○ 1 SOURCE] Terafab is a joint chip‑fabrication project in Texas involving Tesla and SpaceX. (Tesla earnings call)
[○ 1 SOURCE] Tesla's operating margin fell to 1.4 % and GAAP net income was $1.11 billion. (Tesla earnings call)
[○ 1 SOURCE] BASF's second‑quarter 2026 revenue was €17.2 billion, €2.4 billion higher than the same quarter a year earlier.
[● 3 SOURCES] Since early 2024 BASF has cut roughly 7,000 jobs worldwide.
[○ 1 SOURCE] EBITDA before special items in Q2 2026 amounted to €2.4 billion, an increase of €854 million year‑on‑year.
[○ 1 SOURCE] BASF announced a share‑buyback programme of up to €1 billion to be carried out from August 2026 through April 2027.
[● 3 SOURCES] In May 2026 the number of full‑time employees at BASF’s Ludwigshafen site fell below 30,000 for the first time since 1954.