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Edge14 Aug 2026
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Vestas Wind Systems
Vestas Wind Systems (VWS) investor relations material
Vestas Wind Systems Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary12 Aug, 2026
Executive summary
Revenue grew 26% year-on-year to €4.7 billion in Q2 2026, driven by strong Power Solutions growth and improved profitability in both onshore and offshore segments.
EBIT margin before special items reached 9.4%, up nearly 8 percentage points year-on-year.
EPS increased 46% year-on-year to €1.11, with net profit at €285 million.
Order intake surged 67% year-on-year to 3.3 GW, with strong commercial traction in EMEA and the Americas.
A new €400 million share buyback program will run from August to December 2026.
Financial highlights
Q2 2026 revenue: €4.7 billion (+26% YoY); Power Solutions revenue up 37% YoY; Service revenue declined 5% YoY.
EBIT before special items: €446 million; EBIT margin before special items: 9.4% (up from 1.5% last year).
Gross margin: 17.0% (up 5.9 percentage points YoY).
Adjusted free cash flow: €94 million; net cash position at quarter-end: €92 million.
Net working capital stood at -€2.3 billion, or -11.1% of last 12 months' revenue.
Outlook and guidance
Full-year 2026 revenue guidance maintained at €20–22 billion.
EBIT margin before special items guidance raised to 7–9% (from 6–8%).
Service EBIT margin before special items expected at 15.5–17.5%.
Total investment for the year projected around €1.2 billion.
Drivers of Service revenue and margin decline
Impact of low-scope Americas orders on ASP
Details on the Operating Model Reset programme
Timeline for offshore segment profitability
Service recovery plan progress and margin targets
Impact of the He Dreiht offshore blade incident
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Latest events from Vestas Wind Systems
- Revenue up 14% YoY to €3,966m, EBIT margin at 3.2%, and order intake hit 4,504 MW.VWS
Q1 2026 - Record financials, strong growth, and all proposals adopted amid ongoing strategic transformation.VWSAGM 2026
- Record revenue, improved margins, and robust order backlog set the stage for 2026 growth.VWSQ4 2025
- Q3 revenue up 19%, record €63.4bn backlog, improved margins, but service EBIT guidance cut.VWSQ3 2024
- Revenue fell and Service EBIT turned negative, but order intake and backlog hit record highs.VWSQ2 2024
- 2024 guidance narrowed after EUR 300m service cost hit; Power Solutions margins improved.VWSGuidance
- Record order growth, dividend return, and new board members amid profitability and trust concerns.VWSAGM 2025
- Revenue up 29% YoY, EBIT margin positive, and order backlog hits EUR 69.8bn.VWSQ1 2025
- Record 2024 results, strong Q4, robust outlook, and continued investment in offshore.VWSQ4 2024
Next Vestas Wind Systems earnings date
Q3 202611 Nov, 2026
Vestas Wind Systems
Next Vestas Wind Systems earnings date
Q3 202611 Nov, 2026
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@ankurshah47_ x.com
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Amina0781App Store
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@theshortbearx.com
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