Barclays keeps Buy rating for Sandvik stock at SEK 465.00

Published on 10/15/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 24.00 percent to SEK 36.75 billion year over year. Sandvik stock costs EUR 31.47 on October 15, 2026.

Quarterly performance and key dates

Barclays maintained a SEK 465.00 target and Buy rating on October 14, 2026.
Second-quarter revenue rose 24.00 percent to SEK 36.75 billion in 2026.
Sandvik stock trades at EUR 31.47 at 10:01 a.m. CEST at Lang & Schwarz on October 15, 2026.
Sandvik will publish its third-quarter report on October 22, 2026.

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Sandvik (ISIN SE0000667891) is trading at EUR 31.47 at Lang & Schwarz on October 15, 2026 at 10:01 a.m. CEST. Barclays maintained a Buy rating and a SEK 465.00 price target for Sandvik on October 14, 2026, according to Markets Insider.

Target stays above the quote

The Barclays target is denominated in Swedish kronor and therefore is not a direct comparison with the euro quote from Lang & Schwarz. The analyst action nevertheless gives the market a fresh valuation reference one week before Sandvik publishes its next report.

Sandvik's second-quarter performance provides the operating backdrop. Revenue increased 24.00 percent year over year to SEK 36.75 billion, while adjusted EBITA reached SEK 8.30 billion and the adjusted EBITA margin was 22.60 percent, according to the company's earnings-call transcript carried by Yahoo Finance. The margin was higher than 19.00 percent in the prior-year period.

Three dates shape the setup

Sandvik reported its second-quarter figures on July 17, 2026, including SEK 37.80 billion of order intake. On October 5, 2026, it announced a third-quarter report time of 8:00 a.m. CEST. On October 14, 2026, Barclays reiterated its Buy rating with a SEK 465.00 target, as Markets Insider reported.

What comes next for results?

Sandvik will publish its third-quarter report on October 22, 2026, with a webcast and conference call scheduled for 10:00 a.m. CEST. The company has also scheduled its Capital Markets Day for November 24-25, 2026, according to its Sandvik investor announcement.

Mining demand remains central

The second-quarter transcript showed order intake growth of 17.00 percent and mining aftermarket growth of 17.00 percent. Management also said the temporary tungsten effect contributed SEK 550.00 million to the quarter, while the expected third-quarter effect was SEK 200.00 million. That comparison makes the October 22 report important for judging how much of the margin strength is repeatable.

Stock quote and investor calendar

Sandvik was trading at EUR 31.47 at Lang & Schwarz on October 15, 2026 at 10:01 a.m. CEST. The next reported company event is the third-quarter release on October 22, 2026.

The further course of trading is shown by the continuously updated real-time quote of Sandvik stock.