Accelleron Industries reported a 21.3% year-over-year increase in first-half 2026 revenue to $737 million, driven by broad-based growth across segments and regions. Operational EBITA rose 22.5% to $190 million, lifting the margin by 20 basis points to 25.7%. Net income climbed 31.5% to $151 million.
Organic revenue growth reached 17.2%, with volume contributing nearly 14 percentage points. Medium- and low-speed operations generated $529 million in revenue, up 15.2% year-over-year, while high-speed revenue surged 40% to $209 million. Product sales grew approximately 30%, outpacing service revenue growth of about 15%.
Geographic performance varied, with China revenue rising 43% and the United States up 41%. Data center revenue accounted for nearly 9% of group sales in the first half, compared with about 5% a year earlier, and is projected to reach roughly 10% for the full year. Turbocharger deliveries for data center prime power more than doubled to around 5 gigawatts.
The company raised its full-year 2026 organic revenue growth guidance to 14%-17%, up from the prior range of 9%-14%. Operational EBITA margin guidance remains unchanged at 25%-26%, with capital spending expected to hold at 5%-6% of revenue. CapEx allocation includes roughly 20% for infrastructure and R&D upgrades, 50% for equipment replacement, and 30% for capacity expansion.
Accelleron’s share price rose 2.89% to $80.10 following the results, extending its year-to-date gain to 28.7%. The stock trades at a P/E ratio of 40, with analyst price targets ranging from $80 to $116.
Chief Executive Officer Daniel Bischofberger highlighted strong momentum across the business, noting that turbocharger deliveries for data center applications had more than doubled. Chief Financial Officer Adrian Grossenbacher emphasized structural leverage as revenue growth outpaced operating expenses.
