ABB Raises Guidance on Robust Demand Despite Uncertainties

By Nina Kienle

ABB raised its full-year guidance on a high order backlog and improved business performance, but acknowledged risks from geopolitical uncertainties.

The Swiss industrial-technology company said Wednesday that it now expects comparable revenue growth in high single-digit to low double-digit percentage year-on-year. It had previously targeted comparable revenue growth in the range of 6% to 9% year-on-year.

It continues to see improvement in the operational earnings before interest, taxes, and amortization margin year-on-year.

"This [Middle East] conflict adds uncertainty to the global trading climate, although to date, demand for our electrification and automation offerings has remained overall resilient and supportive to our raised ambitions for 2026," Chief Executive Morten Wierod said.

For the first three months of the year, ABB achieved $1.32 billion in net profit, compared with $1.10 billion a year prior, on revenue that grew 11% on a comparable basis to $8.73 billion.

The result compares with analysts' expectations of $1.38 billion in net profit and $8.43 billion in revenue, according to a company-provided consensus.

Operational Ebita rose 28% on a comparable basis to $2.05 billion, with a margin of 23.5% compared to the prior year's 20.3%, the company said.

Meanwhile, orders amounted to a record high at $11.30 billion, up from the prior year period's $8.59 billion, ABB said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

April 22, 2026 01:47 ET (05:47 GMT)