ACS stock reports 30 percent profit growth as November test nears

Published on 09/24/2026 at 19:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACS stock stood at EUR 92.75 on September 24, 2026, 34.3 percent below its 52-week high. H1 sales reached EUR 26.2 billion, up 12 percent on an FX-adjusted basis.

Fotorealistische Großbaustelle mit Kränen, Brückenbau und Infrastrukturprojekt bei Sonnenuntergang — Fotorealistische Großbaustelle zeigt ACS Actividades de Construcción y Servicios S.A. (ES0167050915) beim Infrastrukturbau, Illustration mit AI erstellt.

ACS (ISIN ES0167050915) stock stood at EUR 92.75 on BME on September 24, 2026, while H1 operational net profit reached EUR 510 million, up 30 percent year over year. The company enters its November checkpoint with sales of EUR 26.2 billion and EBITDA of EUR 1.6 billion for the first half, according to Yahoo Finance.

Profit growth sets the pace

The H1 operational net profit figure of EUR 510 million represents a 30 percent increase from the prior year. Sales rose 12 percent on an FX-adjusted basis to EUR 26.2 billion, while EBITDA reached EUR 1.6 billion after growth of more than 14 percent on the same basis.

The balance between growth and cash generation is central to the investment case. H1 operational cash flow was EUR 455 million, while the group reported a EUR 1 billion net cash position and an order backlog of EUR 105.9 billion, up 21 percent on a comparable basis.

Turner margin faces a test

Turner, the US construction business, delivered an EBITDA margin of 4 percent in H1 2026, an improvement of 64 basis points. Its order backlog stood at EUR 46.1 billion, including a digital infrastructure share of 44 percent, giving the margin figure a direct link to the group growth strategy.

ACS also raised its 2026 operational net profit guidance to growth of 30 percent to 35 percent, equivalent to EUR 1.1 billion to EUR 1.15 billion. The guidance and the Turner margin will be measured again when ACS combines its Capital Markets Day with the nine-month results on November 12, 2026, as Benzinga reported.

Stock remains below yearly high

ACS stock was EUR 48.45 below its 52-week high of EUR 141.20 on September 24, 2026, a gap of 34.3 percent. The same quote showed a 52-week low of EUR 65, market capitalization of EUR 24,615,736,381 and volume of 415,366 shares.

The market snapshot places the stock well above its yearly low but below its peak, while the operating figures point to a second test: whether stronger digital infrastructure activity can translate into higher margins and sustained cash generation.