Overview
Saab AB reported a strong second‑quarter 2026, with shares gaining about 5% to SEK 542.5, outperforming the OMX Stockholm All‑Share index which fell 0.3%.
Order Intake
Order bookings more than doubled year‑on‑year to SEK 68.4 billion, up from SEK 28.4 billion in Q2 2025. The increase was driven primarily by a SEK 47 billion submarine contract awarded by Poland. Morgan Stanley described the quarter as “very strong across all metrics,” noting the record order intake and higher‑than‑expected profitability. The brokerage also highlighted recently announced contracts, including Ukraine’s Gripen fighter order and a German frigate deal expected to be booked in Q3 2026.
Financial Performance
Earnings before interest and taxes (EBIT) rose 41% to SEK 2.79 billion, lifting the operating margin to 11.0% from 10.0% in the prior year. Net income increased to SEK 2.17 billion from SEK 1.54 billion, and earnings per share climbed to SEK 3.96 from SEK 2.83. EBITDA reached SEK 3.77 billion, improving the EBITDA margin to 14.8% from 14.3%. Revenue grew 29% to SEK 25.45 billion, reflecting 29.8% organic sales growth as deliveries accelerated across the portfolio.
Outlook and Commentary
Chief Executive Officer Micael Johansson said demand for Saab’s products remains high as customers continue investing in both immediate and long‑term defence capabilities. He attributed the strong results to ongoing capacity expansion, innovation, and the newly established Naval business area, which together position the company to capture rising military procurement across Europe and other international markets.