Iberdrola raises 2026 profit outlook: Iberdrola stock sits 3.80 percent below its high

Published on 10/21/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola lifts 2026 guidance to at least 10 percent. Iberdrola stock costs EUR 21.24 on October 21, 2026, below EUR 21.36 Xetra close.

Profit outlook and network growth

Iberdrola raised adjusted profit growth guidance to at least 10 percent on October 21, 2026.
Adjusted networks EBITDA rose 14.90 percent to EUR 6,430.20 million through September 2026.
Iberdrola stock traded at EUR 21.24 at 9:38 a.m. CEST on October 21, 2026, 0.56 percent below the Xetra close.

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Iberdrola (ISIN ES0144580Y14) was trading at EUR 21.24 at Lang & Schwarz on October 21, 2026 at 9:38 a.m. CEST, 0.56 percent below the Xetra close of October 20, 2026 at EUR 21.36. The energy group raised its adjusted net profit growth outlook for 2026 to at least 10 percent after reporting nine-month results, according to Iberdrola on October 21, 2026. For investors, the key change is the combination of stronger networks growth and higher full-year profit expectations.

What drove the 10 percent outlook?

Reported net profit reached EUR 5,816.10 million in the first nine months of 2026, up 9.60 percent from the same period of 2025. Adjusted net profit rose 8.80 percent to EUR 5,140.50 million. Iberdrola said the reported figure included a EUR 953.00 million net gain from the sale of its Mexico business, while adjusted results included a EUR 277.60 million benefit from UK capital allowances.

Revenue rose 8.00 percent to EUR 34,405.00 million from EUR 31,871.00 million in the first nine months of 2025, according to Europa Press. Adjusted EBITDA increased 7.50 percent to EUR 11,890.60 million, with the networks business providing the strongest quantified contribution.

Three dated operating milestones

On July 21, 2026, Iberdrola disclosed an agreement covering an indirect 80 percent stake in Caruna Oy and Caruna Espoo Oy. On October 9, 2026, the group said it distributed 207,000 GWh of electricity in September, up 5.80 percent year over year. On October 21, 2026, nine-month investment reached EUR 10,087.20 million, 13.00 percent above the comparable period, according to the company's investor-relations information at Iberdrola.

Dates for the next strategy update

Iberdrola has scheduled a Capital Markets Day for March 2027, when it plans to provide more detail on the five-year target for average annual adjusted net profit growth of 10 percent. The next confirmed company presentation was the nine-month results event on October 21, 2026.

Stock remains below its yearly high

The Lang & Schwarz price was 3.80 percent below the 52-week high of EUR 22.08 and above the 52-week low of EUR 16.86 as of October 21, 2026. Market capitalization stood at EUR 142.20 billion on the same date. The valuation context leaves the upgraded earnings outlook as the central issue for the stock rather than the sub-1 percent daily move.

Iberdrola was trading at EUR 21.24 at Lang & Schwarz on October 21, 2026 at 9:38 a.m. CEST, 0.56 percent below the Xetra close of October 20, 2026 at EUR 21.36. The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.