Financial Highlights

Hexagon AB reported second‑quarter 2026 operating net sales of €1.05 billion, up from €1.01 billion a year earlier and €4 million above the €1.01 billion consensus estimate. Adjusted EBIT increased to €272 million, surpassing the €257 million consensus and rising from €260 million in Q2 2025. The adjusted EBIT margin widened to 25.9%, beating the consensus of 25.5%, while EBITAC excluding Robotics was €255.1 million, corresponding to a 24.3% margin.

Organic Growth

Organic sales grew 12% year‑on‑year, well above the 6.2% consensus forecast, marking the strongest organic growth in five years. Growth was driven by robust demand in aerospace and defence, general manufacturing and electronics, which more than offset weaker performance in automotive, agriculture and construction markets.

Segment Performance

  • Manufacturing Intelligence posted 13% organic growth, generating €452 million of revenue versus a €428 million consensus.
  • Autonomous Solutions achieved 20% organic growth, with revenue of €202 million compared with the €183 million consensus.
  • Infrastructure & Geospatial recorded 4% organic growth and delivered €389 million of revenue, in line with the €389 million consensus.

Management Commentary

Chief Executive Officer Anders Svensson described the quarter as an “excellent performance”, citing new product introductions, the Hexagon Way operating model and a cost‑restructuring programme as contributors to the margin expansion and the strongest organic growth in five years. The company indicated that it entered the third quarter with strong momentum and expects continued positive dynamics in aerospace and defence, general manufacturing and electronics to offset weakness elsewhere.

Analyst Reaction

Barclays noted that results were well ahead of expectations, highlighting the 12% organic growth versus the 6.2% consensus, revenue about 4% above consensus and adjusted EBIT roughly 6% above consensus, and affirmed that Hexagon entered Q3 with strong momentum.

Market Reaction

Following the release, Hexagon shares rose more than 12% on Wednesday, reflecting investor enthusiasm for the earnings beat and the outlook for continued growth.