ABB expands Mitsubishi Electric venture. ABB stock gains 1.23 percent

Published on 10/21/2026 at 10:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ABB adds a 51 percent Japan venture on October 20, 2026. ABB stock costs EUR 77.48 on October 21, 2026, 1.23 percent above its Xetra close.

Japan expansion and earnings

ABB announced a 51 percent Mitsubishi Electric venture on October 20, 2026.
Third-quarter revenue rose 14 percent to USD 9.70 billion in 2026.
ABB stock trades at EUR 77.48 at 9:50 a.m. CEST at Lang & Schwarz on October 21, 2026, 1.23 percent above the Xetra close of October 20, 2026.

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ABB (ISIN CH0012221716) stock trades at EUR 77.48 at Lang & Schwarz on October 21, 2026 at 9:50 a.m. CEST, up 1.23 percent versus the Xetra close of October 20, 2026 at EUR 76.54. The industrial technology group announced a controlling 51 percent stake in a new low-voltage power distribution joint venture with Mitsubishi Electric on October 20, 2026, according to ABB.

Orders set a higher bar

ABB's third-quarter orders reached USD 12.055 billion, up 40 percent from USD 8.606 billion in the third quarter of 2025. Revenue increased 14 percent to USD 9.701 billion from USD 8.491 billion, while operational EBITA rose 24 percent to USD 2.026 billion, according to the October 20 release from ABB.

The quality of the quarter was mixed across measures. Operational EBITA margin expanded from 19.2 percent to 20.8 percent, and operating cash flow rose 5 percent to USD 1.862 billion. Net income attributable to ABB fell 2 percent to USD 1.181 billion, while basic earnings per share declined to USD 0.65 from USD 0.66.

What does the venture add?

The Japan transaction gives ABB control of 51 percent of the planned business and carries total consideration of JPY 79 billion, equivalent to USD 495 million in the release. The contributed Mitsubishi Electric business generated JPY 102 billion in fiscal year 2025 revenue and had a low double-digit EBITDA margin. ABB expects the joint venture to reach at least a 20 percent operational EBITA margin within five years, according to ABB.

When are the next results?

The next scheduled reporting date is January 28, 2027, for fourth-quarter 2026 results. ABB also lists April 20, 2027, for first-quarter results, according to the company calendar reproduced by Ny Teknik.

Stock trades above the Xetra close

ABB's current operating picture combines a 20.8 percent quarterly operational EBITA margin with a 51 percent stake in the Japanese venture. The stock was trading at EUR 77.48 at Lang & Schwarz on October 21, 2026 at 9:50 a.m. CEST, 1.23 percent above the Xetra close of October 20, 2026 at EUR 76.54. The further course of trading is shown by the continuously updated real-time quote of ABB stock.