Vestas raises 2026 profit forecast after strong Q2 earnings
Danish wind turbine maker posts higher-than-expected Q2 profit and lifts long-term outlook, citing strong order intake and operational efficiency gains.
Vestas Wind Systems A/S reported a stronger-than-expected second-quarter profit on Tuesday, prompting the Danish wind turbine manufacturer to raise its 2026 earnings outlook.
The company posted a net profit of 1.2 billion Danish crowns ($175 million) for the three months ended June 30, up from a loss of 1.8 billion crowns in the same period a year earlier. Revenue rose 32% to 10.5 billion crowns, driven by higher turbine deliveries and service contracts.
Vestas attributed the profit improvement to higher order intake, improved operational efficiency, and cost discipline. The company’s order backlog now stands at 23.3 gigawatts, up from 21.5 gigawatts at the end of the first quarter.
Based on current market conditions and execution progress, Vestas raised its 2026 adjusted earnings before interest and taxes (EBIT) margin guidance to 6-8%, from a prior range of 4-6%. The company also maintained its revenue growth target of 10-15% annually through 2026.
Chief Executive Officer Henrik Andersen said the outlook reflects the company’s ability to capitalize on the global energy transition and secure long-term contracts in key markets, including the United States and Europe.
Vestas shares were up 4.5% in Copenhagen trading following the earnings announcement, outperforming the broader European industrials sector.
The company’s guidance assumes no material changes in macroeconomic conditions, currency exchange rates, or supply chain disruptions.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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