ACS stock falls 1.92 percent as first half profit rises 30 percent

Published on 10/07/2026 at 13:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACS stock was trading at EUR 94.30 on October 7, 2026, after first-half operational net profit rose 30 percent to EUR 510 million. Consensus targets EUR 130.32.

Bauhaus-Poster mit geometrischen Formen und dem Text BAU in kräftigen Farben — Bauhaus-Poster mit geometrischen Formen symbolisiert ACS Actividades de Construcción y Servicios S.A. (ES0167050915), Illustration mit AI erstellt.

ACS stock (ISIN ES0167050915) was trading at EUR 94.30 on BME on October 7, 2026, down 1.92 percent from the prior close. The company delivered EUR 510 million in first-half 2026 operational net profit, up 30 percent year over year, according to Yahoo Finance on July 29, 2026.

Profit growth resets the target

Sales reached EUR 26.2 billion in the first half, up 12 percent on an FX-adjusted basis, while EBITDA increased more than 14 percent to EUR 1.6 billion, according to Yahoo Finance in the same July 29, 2026 transcript. The first-half order backlog reached EUR 105.9 billion, up 21 percent on a comparable basis, giving the earnings trend a substantial operating base.

ACS also raised its 2026 operational net profit growth guidance to 30 percent to 35 percent, equivalent to EUR 1.1 billion to EUR 1.15 billion, according to Yahoo Finance. The comparison matters because profit is growing faster than sales, while the backlog provides visibility beyond the current reporting period.

Data centers drive the valuation debate

Digital infrastructure is the central growth lever. ACS reported a data-center backlog of EUR 21.9 billion in the first half, up 88 percent year over year, and management said the wider group backlog reached EUR 106 billion, according to Yahoo Finance. That mix shifts the investment case beyond conventional construction, but it also leaves execution and capital allocation central to the valuation.

The market consensus published by Bolsamania on September 10, 2026, rates ACS Overweight across 17 analysts and sets an average target of EUR 130.32, with a high of EUR 159.00 and a low of EUR 78.10. The average target lies 38.2 percent above the October 7 trading price of EUR 94.30, a gap that reflects both the growth outlook and the delivery burden.

Next results date is November 12

ACS is scheduled to publish its nine-month 2026 results and hold a Capital Markets Day on November 12, 2026, according to IT Boltwise on September 25, 2026. That date should give investors a new test of the 30 percent to 35 percent profit target and of the data-center expansion strategy.

ACS stock trades below its yearly high

At EUR 94.30 on BME at 1:31 p.m. CEST on October 7, 2026, ACS stock stood within a 52-week range of EUR 69.50 to EUR 141.20. Market capitalization was EUR 25.0 billion and volume was 79,316 shares at the same timestamp.