German IT services provider Bechtle AG raised its 2026 revenue outlook on Tuesday after reporting a 16.5% year-over-year increase in second-quarter revenue.
The company, which specializes in IT infrastructure and digital transformation services, posted revenue of €1.58 billion ($1.74 billion) for the three months ended June 30, up from €1.36 billion in the same period last year. The growth outpaced Bechtle’s prior guidance and reflected strong demand across its core markets in Germany, Austria and Switzerland.
Bechtle maintained its full-year 2024 revenue forecast of €6.3 billion to €6.5 billion, citing sustained momentum in IT services and cloud solutions. However, the company revised its 2026 revenue target to €8.5 billion to €9.0 billion, from a previous range of €7.5 billion to €8.0 billion, signaling confidence in long-term demand for its enterprise IT offerings.
The outlook revision follows Bechtle’s strategic push into cloud migration, cybersecurity and AI-driven solutions, which have driven higher-margin contracts. The company also highlighted expansion in its public sector and healthcare verticals, both of which contributed to the revenue increase.
Bechtle’s adjusted EBIT margin for Q2 remained stable at 4.2%, despite higher costs related to talent acquisition and infrastructure investments. The company reiterated its commitment to organic growth while exploring selective acquisitions to bolster its portfolio in high-growth segments.
Shares in Bechtle were up 3.2% in early trading on Tuesday, reflecting investor approval of the revised guidance. The stock has gained approximately 15% year-to-date, outperforming the broader German tech sector.
Analysts at Jefferies noted that Bechtle’s upward revision aligns with broader trends in European IT services, where demand for digital transformation remains robust despite economic headwinds.
