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ABB financial performance and strategic expansion

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2026-10-02 10:31 UTC → 2026-10-20 20:35 UTC · added ~~removed~~

ABB financial performance and ~~share buybacks~~ strategic expansion

ABB has reported strong financial performance throughout the latter half of 2026, characterized by revenue growth and increased fiscal forecasts. In September, the company raised its 2026 forecast following a second quarter that saw revenue reach 7.51 billion CHF and an operating EBITA margin of 20.2 percent. By early October, ABB continued its financial activities by executing share buybacks. Between September 24 and September 30, 2026, the company repurchased 544,228 shares, bringing the total under its current program to 9,865,326 shares. While the company reported record revenue and a 20 percent rise in operating EBITA, market analysts have maintained a cautious stance, with several experts issuing a ‘hold’ rating. On October 20, 2026, ABB reported an 8 percent increase in net profit for the first nine months of the year, reaching $3.736 billion. This was supported by a 34 percent year-on-year increase in order volume, totaling $35.395 billion, and a 15 percent rise in revenue to $27.910 billion. Growth was noted across several divisions, including a 20 percent revenue increase in electrification. To expand its Asia-Pacific presence, ABB announced a joint venture with Mitsubishi Electric’s low-voltage power distribution products division. ABB plans to invest approximately $495 million to acquire a 51 percent stake in the new entity and will manage sales for these products outside of Japan. The transaction is expected to close in the second half of 2027.

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