ABB Ltd ABBN

SIX Swiss Exchange | Industrials | Electrification and industrial automation
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Updated: 17 Sep 2026 Base analysis: 5 Apr 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Maintain the position; consider adding only after clearer visibility on Rotork funding/synergies and once integration risk is better priced (e.g., on a pullback or after follow-through quarters).

Strong order intake and profitability from Q2 remain the basis for the HOLD signal while the Rotork acquisition and integration risk continue to weigh in.

Market sentiment Positive →
Trend: Stable

Sentiment remains predominantly positive around the order book, data center/AI-driven demand and margins, yet more mixed in the short term as investors weigh the Rotork price tag, portfolio reshaping and integration risk.

Risk assessment Medium
Dilution: Low Strong FCF and buybacks; no equity raise.
Jurisdiction: Medium Global exposure; US–China/EU trade risks.
Execution: Low Strong track record; portfolio moves add complexity.

HOLD is the call. Positive is the market mood. Medium risk means some things can go wrong.

Latest change
  • 17 Jul 2026 — ABB reported record order intake, strong revenue growth, 20.2% operating EBITA margin and EPS of $0.68, and raised its FY2026 outlook.

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About the company

ABB Ltd is a global industrial company focused on electrification and automation, serving utilities, industry, transport, infrastructure, and data centers. The company is profitable with strong free cash flow and low net leverage, positioned for structural growth in power infrastructure and data/AI infrastructure.

Sector: Electrification and industrial automation
Type: Industrial
Next report (Q3)
20 Oct 2026
Catalysts
◐
Jan 2027
Share buybacks continue Medium
◦
Date TBA
Completion of Rotork acquisition
◦
Date TBA
Acquisition of Høglund AS
Bull case

Record-high order backlog and data-center-driven demand continue to support growth and margins.

Bear case

The size of the Rotork acquisition and integration risk may create volatility and pressure valuation.

Why this signal

Strong order intake and profitability from Q2 remain the basis for the HOLD signal while the Rotork acquisition and integration risk continue to weigh in.

Recent news
  • ABB has entered partnerships with Ferrari Hypersail for 800 VDC systems, with Rolls-Royce SMR on small modular reactors, with Statkraft for hydropower modernization and received an order from LKAB. The acquisition of Høglund AS has been completed and share buybacks continue.

Key figures

Revenue
Q2 2026
USD 9.5B
Net income
Q2 2026
USD 1.2B
Cash
as_of
USD 5.9B
Total debt
as_of
USD 8.2B
Gross margin
Q2 2026
40.0%
Exchange
SIX Swiss Exchange
Type
Industrials
Sector
Electrification and industrial automation
ABB Ltd ABBN
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.