Volvo AB Profit, Sales Rises on Strong Truck Deliveries in North America

By Nina Kienle

Volvo AB's profit rose in the second quarter, supported by strong truck orders in North America.

The Swedish company on Friday reported a second-quarter net profit of 10.37 billion Swedish kronor ($1.08 million), compared with 7.41 billion kronor a year earlier, as sales rose 3% to 126.27 billion kronor. Analysts had forecast sales of 125.24 billion kronor, according to a consensus compiled by Visible Alpha.

Adjusted operating income rose to 14.78 billion kronor from 13.48 billion kronor, with a corresponding margin of 11.7%. In the prior-year period, Volvo AB posted a margin of 11%.

"This improvement was achieved despite headwinds from net U.S. tariff costs as well as higher freight and material costs, " Chief Executive Martin Lundstedt said.

The truck unit's adjusted operating margin rose to 11.2% from 10.3%, supported by North America, where orders more than doubled on year, Volvo said.

Net truck orders amounted to 63,412 units, up 33% on year, while truck deliveries rose 6% to 55,687 on year.

The company's construction-equipment business--which makes up around 17% of group sales--reported an adjusted operating margin of 14.4%, up from 13.1%. It said all regions contributed to this growth.

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

(END) Dow Jones Newswires

July 17, 2026 02:08 ET (06:08 GMT)