Volvo Group reported net sales of SEK 126.3 billion for the second quarter of 2026, reflecting a 3% increase compared to the prior year. The company achieved an organic sales growth of 7%, driven by a 6% rise in vehicle sales and a 7% increase in service sales. Profitability reached its highest level in recent quarters, with adjusted operating income rising to SEK 14.8 billion. This performance underscores the group's strength and adaptability across most markets, according to President and CEO Martin Lundstedt.

The adjusted operating margin improved to 11.7% in Q2 2026, up from 11.0% in Q2 2025. Reported operating income amounted to SEK 13,478 million, corresponding to an operating margin of 10.7%, compared to 8.1% in the previous year. The company excluded negative effects totaling SEK 1,305 million from adjusted operating income in Q2 2026, compared to SEK 3,523 million in Q2 2025. Currency movements had a positive impact of SEK 491 million on operating income compared with the prior year.

Earnings per share increased to SEK 5.10 from SEK 3.64 in the corresponding period last year. Operating cash flow in the Industrial Operations amounted to SEK 5,837 million, a significant increase from SEK 2,948 million. The return on capital employed in the Industrial Operations stood at 26.8%, up from 25.7% in Q2 2025.

Financial Performance

Operational Highlights

The company reported a significant year-over-year increase in order intake, particularly in the truck segment with a 33% rise. Volvo Penta's order book saw 21% of its value linked to data center infrastructure. Strategic initiatives include forming a joint venture with Eicher Motors in India to enhance financial services for commercial vehicles, with closing expected during 1H27 pending approvals. Operational highlights include increased electrification efforts, with a 39% rise in electric vehicle orders, and strong market shares in Europe and South America for trucks.

The company will host an online presentation of the report followed by a question and answer session at 09:00 CEST. The information was submitted for publication through the agency of the contact person at 07:20 CEST on July 17, 2026, pursuant to the EU Market Abuse Regulation and the Securities Markets Act.

The Volvo Group will publish its financial report for the second quarter of 2026 on July 17 at 7.20 a.m. CEST. This announcement provides stakeholders with the specific timing for accessing the company's performance data for the period. The release will be followed by a conference call for press and analysts starting at 9.00 a.m. CEST to discuss the results.

President and CEO Martin Lundstedt and CFO Mats Backman will represent the Volvo Group during the proceedings. An online presentation of the report will be broadcasted at 9.00 a.m. CEST, including a question-and-answer session. Participants can access the webcast via the official link provided by the company.

Press and analysts wishing to participate in the press conference via telephone may call the exchange at +46 10-444 18 30 starting from 8.00 a.m. CEST. Additionally, one-on-one calls for media representatives can be arranged from 10.15 a.m. CEST. Inquiries regarding these sessions should be directed to Claes Eliasson, Head of Media Relations.

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, and power solutions. Headquartered in Gothenburg, Sweden, the company employs almost 100,000 people and serves customers in almost 180 markets. In 2025, net sales amounted to SEK 479 billion (EUR 43 billion).

Key Event Details

For further information, stakeholders can visit volvogroup.com or contact the press office at press@volvo.com .