Company Reports

ABB's organic order intake grew 40% in the third quarter, driven by triple-digit growth in data centers. The company raised its full-year revenue guidance midpoint for the third consecutive quarter. Shares are trading 5% lower intraday.

ABB enjoys a number-one or number-two market position in two-thirds of its product segments, largely thanks to centuries of deep domain expertise in supplying mission-critical equipment with a high cost of failure. ABB’s large installed base of long-dated equipment provides the foundation for recurring service revenue, contributing approximately 20% of revenue.

ABB enjoys a number-one or number-two market position in two-thirds of its product segments, largely thanks to centuries of deep domain expertise in supplying mission-critical equipment with a high cost of failure. ABB’s large installed base of long-dated equipment provides the foundation for recurring service revenue, contributing approximately 20% of revenue.

ABB delivered stellar second-quarter results that saw organic order grow 26% year over year to reach a record of $12.0 billion. Full-year comparable revenue growth guidance was raised for the second consecutive quarter. ABB also announced the acquisition of Rotork plc for $5.5 billion.

ABB enjoys a number-one or number-two market position in two-thirds of its product segments, largely thanks to centuries of deep domain expertise in supplying mission-critical equipment with a high cost of failure. ABB’s large installed base of long-dated equipment provides the foundation for recurring service revenue, contributing approximately 20% of revenue.

ABB's organic order intake grew by 24% during the first quarter. Growth was achieved across all its operating segments, with the electrification segment being the biggest driver at 44% growth. Full-year revenue guidance was raised from 6% to 9%.

ABB enjoys a number-one or number-two market position in two-thirds of its product segments, largely thanks to centuries of deep domain expertise in supplying mission-critical equipment with a high cost of failure. ABB’s large installed base of long-dated equipment provides the foundation for recurring service revenue, contributing approximately 20% of revenue.

ABB enjoys a number-one or -two market position in two-thirds of its product segments, largely thanks to centuries of deep domain expertise in supplying mission-critical equipment with a high cost of failure. ABB’s large installed base of long-dated equipment provides the foundation for recurring service revenue, contributing approximately 20% of revenue.

ABB reported a 15% increase in organic order intake for 2025, including 32% growth in the final quarter. Full-year revenue grew 9% to CHF 33.2 billion, exceeding company-compiled consensus by 1%. The shares are trading 11% higher intraday.

ABB set new financial targets at its Capital Markets Day, excluding its robotics division, which was sold to SoftBank in October. Organic revenue growth was kept unchanged at 5%-8% and the adjusted EBITA margin target was raised to between 18%-22%. Shares traded 4% lower on Nov. 18, 2025.

ABB enjoys a number one or two market position in two-thirds of its product segments, which is largely derived from centuries of deep-domain expertise in supplying mission-critical equipment with a high cost of failure. ABB’s large installed base of long-dated equipment provides the foundation for recurring service revenue, contributing approximately 20% of revenue.

ABB delivered 9% organic revenue growth during the third quarter, driven by a mix of secular growth from its electrification segment and cyclical recovery off a low base in discrete automation. End-market exposure to data centers remains the largest growth driver for the capital goods sector.

ABB announced that it will sell its robotics division to SoftBank for $5.4 billion, shifting from its initial intention in April to spin off and list the division. The robotics business contributed 7% to the group's sales. The transaction is expected to close in mid- to late 2026.

ABB's second-quarter results comfortably beat company-compiled estimates across the board. Order intake grew 14% organically to a record $9.8 billion, driven by a $600 million process automation order and 9% growth in the electrification segment. Shares were trading 8% higher intraday on July 17.

ABB enjoys a number one or two market position in two-thirds of its product segments, which is largely derived from centuries of deep-domain expertise in supplying mission-critical equipment with a high cost of failure. ABB’s large installed base of long-dated equipment provides the foundation for recurring service revenue, contributing approximately 20% of revenue.

ABB reported a 1% increase in sales during the first quarter of 2025, missing company-compiled consensus, mainly hit by exchange rate differences. ABB reiterated its full-year guidance. Shares were up 1.3% in intraday trading after the news.

The US government has imposed a 20% tariff on European goods, sending equity markets down. Shares of European electrical equipment suppliers are trading 5% lower. Importantly, the United States-Mexico-Canada Agreement signed by President Donald Trump during his first term remains intact.

The US government has threatened to impose 25% tariffs on imports from the European Union, having already implemented tariffs on Canada, Mexico and China.

ABB reported a 10% increase in its adjusted EBITA during fiscal 2024, translating into 120 basis points of margin expansion. The company guides for mid-single-digit revenue growth and adjusted EBITA margin expansion in fiscal 2025.

We're raising our fair value estimate in ABB by 12% to CHF 45.5 from CHF 40.5. ABB's extensive portfolio of electrical equipment and its variable speed drives are direct beneficiaries of the multi-decade energy transition and decarbonization megatrends, which justify a higher stage 2 growth rate of 5% from our previous assumption of 4%. We assume 8% annualized EPS growth through 2028, which given the group's conglomerate status and limited stand-alone software offering, underperforms Schneider Electric. Shares appear slightly overvalued.