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Vestas reports strong Q2 earnings and raises profit guidance
Vestas Wind Systems reported strong second-quarter 2026 results, significantly exceeding analyst expectations. The Danish wind turbine manufacturer saw its adjusted operating profit (EBIT) rise to 446 million euros, a substantial increase from 57 million euros in the same period last year. This performance led to an increase in the company's full-year EBIT margin guidance to a range of 7% to 9%, up from the previous 6% to 8% forecast.
Key drivers included a 26% year-on-year revenue increase to 4.7 billion euros and a 67% surge in order intake. The company also announced a share buyback program valued at 400 million euros. The positive results have bolstered confidence in the wind energy sector, with competitors like Siemens Energy and Nordex also seeing market benefits.
In broader market news, Micron Technology reported a stock increase driven by high AI demand for memory chips, while the German DAX index closed slightly down following trends in US markets. Cisco Systems saw a share price drop despite revenue growth due to investor concerns regarding AI-related margins.
Entities
Barclays · Denmark · Europe · European Wind Power Industry · Hannover Rück · Infineon Technologies · JP Morgan · JP Morgan Chase & Co. · Jenoptik AG · Jungheinrich AG · Nordex · Nvidia
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Jefferies maintained a 'Buy' rating for Hannover Rück with a 360 euro price target.
- [○ 1 SOURCE] Deutsche Bank Research raised the price target for Patrizia from 10.50 to 11.00 euros and maintained a 'Buy' rating.
- [○ 1 SOURCE] Patrizia's business results have improved due to cost-cutting and efficiency measures.
- [○ 1 SOURCE] JP Morgan maintained a 'Neutral' rating for Hannover Rück with a 270 euro price target.
- [○ 1 SOURCE] Hannover Rück's ongoing contract volume increased by more than 12 percent.
- [○ 1 SOURCE] Warburg Research raised the price target for Jungheinrich from 45 to 46 euros and maintained a 'Buy' rating.
- [○ 1 SOURCE] Hannover Rück's net result was 7 percent above consensus estimates.
- [○ 1 SOURCE] Jungheinrich's ITS division is recovering at a slower pace.