Abb Ltd. · SIX:ABBN
Abb — Q3 2026 Earnings Presentation
22 slides from Abb's earnings presentation, Oct 20, 2026
Slide 1: Q3 2026 Results
ZURICH, SWITZERLAND | OCTOBER 20, 2026 | MORTEN WIEROD, CEO; CHRISTIAN NILSSON, CFO Q3 2026 RESULTS Vibrant market environment; strong operational performance
Slide 2: Important notices
— Important notices This presentation includes forward-looking There are numerous risks and uncertainties, Although ABB Ltd believes that its many of which are beyond our control, that expectations reflected in any such information and statements including could cause our actual results to differ fo
Slide 3: Q3 2026 Selected highlights
— — Q3 2026 Selected highlights Vibrant market environment; strong operational performance +40%1 +14%1 20.8% ABB acquiring 51% ownership in joint venture formed with order growth revenues Op. EBITA Mitsubishi Electric margin 29.9% FCF +160bps YoY Launch of ROCE $1,576 mn Infinitus Direct Current por
Slide 4: JV with Mitsubishi Electric on low voltage power distribution products
— — JV with Mitsubishi Electric on low voltage power distribution products Circuit Breakers Positions ABB as market leader in Japan Motor Starters ▪ Transforms ABB Electrification’s limited presence in Japan to a market leading position in one of the world’s largest low voltage electrification marke
Slide 5: Value creation through M&A
— — Value creation through M&A Best-of-both-worlds integration principle for platforms and ABB invests ~$495 mn to acquire a technology; similar to controlling 51% stake in newly formed company, and GEIS integration full ownership of related sales operations outside of Japan Combined businesses valu
Slide 6: Infinitus DC Portfolio: Enabling the Data Center
INFINITUS DC 1 Market-first source-to-rack PORTFOLIO DC portfolio for new DC Data Center architectures, positioning ABB as the Enabling the Data Center industry leader in enabling transition toward next-generation data centers DC technology 2 In 2027, the main critical building blocks in place acros
Slide 7: Infinitus DC Portfolio: 5 Key Building Blocks
— Infinitus DC Portfolio | The industry’s first source-to-rack DC portfolio 5 Key Building Blocks – DC Power Architecture SOURCE GREY-SPACE INFRASTRUCTURE – POWER ROOM WHITE-SPACE MV AC LV AC MV GRID MV Switchgear MV – DC DC Main 800 VDC Coolant Distribution DC 13,8-35 kV / Ring Main Unit Conversio
Slide 8: Evolution of DC topologies
— MV AC Evolution of DC topologies LV AC DC Meeting customers’ needs across all levels of DC readiness SOURCE GREY-SPACE INFRASTRUCTURE - POWER ROOM/POD WHITE-SPACE Application Market Availability MV SWG MV/LV LV AC AC UPS MAIN PDU Step-down TX MV GRID LV AC PDU Switchgear (up to 2,5-4,5 MW) (option
Slide 9: DC power infrastructure CapEx spend shifting to grey space
Power — infrastructure CapEx spend shifting to GREY SPACE Advantage to ABB Data Center offerings centered around grey space CURRENT FUTURE Data Center Native DC centralized high architecture density Data Center architecture White space Content reduction • AC PDUs, rack PDU/PSU White space ~25% ~250
Slide 10: Strategic partnership driving future electrification
SHAPING THE TRANSITION TO THE NEXT ELECTRICAL ARCHITECTURE • New report makes case that DC is moving from the periphery to the center of industrial, commercial, and digital infrastructure • Hybrid AC/DC systems combine both technologies’ strengths; common standards and skills can speed adoption STRA
Slide 11: Record orders; strength across most customer segments
— Notable order developments Record orders; strength across most customer segments comparable % YoY, unless otherwise indicated Orders +40%1 12,055 Revenues +14%1 9,701 Short-cycle Data centers & utilities 40% 8,491 Orders in short-cycle businesses Exceptional triple-digit data center 7,591 14% at d
Slide 12: Broad-based regional strength
— Broad-based regional strength Q3 2026 regional, country orders The Americas +70% Europe +10% AMEA +29% USA +82% Germany +11% China +25% Sharp growth in EL, Strong growth in MO Growth across all growth in AU, MO stable and EL, AU declined business areas; EL and MO up ~50% growth in double-digits ba
Slide 13: Operational EBITA +24% YoY
— Gross profit +13% • Gross margin declined 60 bps to 40.6%, Operational EBITA +24% YoY with unrealized FX and commodity derivatives as the largest adverse driver Improved business performance Earnings and profitability drivers • Driven primarily by operational leverage on higher volumes 2,026 • Pos
Slide 14: Q3 2026 Electrification
— Surging orders, performance improvement across most P&L headlines Q3 2026 Electrification Orders $7,671 mn Revenues $5,424 mn Operational EBITA $1,394 mn, +27% YoY 8,000 90% 6,000 21% 25% 1’500 28% 70% 1’200 25.6% 6,500 13% 24.5% 60% 5,000 10% 24.1% 900 5,000 10% 24% 600 10% 30% 4,000 3,500 10% 30
Slide 15: Q3 2026 Motion
— High market activity supports orders Q3 2026 Motion Orders $2,455 mn Revenues $2,320 mn Operational EBITA $449 mn, +7% YoY 30% 2,500 30% 500 20.7% 22% 2,700 20.1% 17% 19.1% 12% 20% 2,200 2,000 9% 10% 3% 10% 250 18% 1% 1,700 -4% 1,500 0% 1,200 -10% 1,000 -10% 0 14% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 16: Q3 2026 Automation
— Solid markets; strong margin improvement Q3 2026 Automation Orders $2,114 mn Revenues $2,126 mn Operational EBITA $315mn, +13% YoY 3’000 50% 2’500 20% 400 16% 30% 300 2’000 10% 14.8% 2’000 10% 200 13.9% 13% 7% 13.3% 8% 1’500 5% 0% 0% -10% 100 -6% -2% 1’000 -30% 1’000 -10% 0 10% Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 17: Free Cash Flow
— — Strong Free Cash Flow Free Cash Flow in Q3 ($ mn) 1’552 1’517 1’576 1’295 1’250 $1,576 mn, +$24 mn YoY 1’173 918 881 • Q3 increase driven by higher 845 652 earnings in Continuing operations 551 • While Net income declined, the decrease was primarily attributable to non-cash charges and 2024 2025
Slide 18: Outlook
— Outlook Q4 2026 FY 2026 Revenues Operational EBITA % Revenues Operational EBITA % • Comparable revenue • Operational EBITA margin to • Low-teens growth YoY • Reported Operational EBITA growth broadly similar sequentially soften, in comparable revenues margin should improve by at to Q3 although les
Slide 19: Appendix
Appendix
Slide 20: 2026 framework
— 2026 framework Q3 26 Q4 26 20261 2026 $ mn unless otherwise stated framework framework framework ~200 ~0 Corporate and Other Operational EBITA2 (114) ~140 Finance net5 From (100) From ~150 of which stranded costs4 (25) ~(25) ~(100) Effective tax rate3 ~25% Capital expenditure ~(1,000) Non-operatin
Slide 21: Operational EBITA bridge
— Operational EBITA bridge Operational EBITA margin (%) 19.2% 20.8% Accretion / dilution +1.7 0.0 0.0 -0.1 (%) -238 2,026 -3 6 -2 630 1,633 Operational performance Operational EBITA $392 million ($ mn) Q3 2025 Volume/price Operations Items FX Portfolio Q3 2026 impacting changes Comparable revenues c
Slide 22: AL ED ED
AL ED ED FADD ED