Sandvik stock heads toward Q3 results after Q2 revenue growth

Published on 10/04/2026 at 11:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sandvik stock closed at SEK 362.00 on October 2, while Q2 revenue reached SEK 36.752 billion after 19.8 percent growth. Q3 results are due October 22.

Flatlay mit Aktienzertifikat und Zerspanungswerkzeugen, Sandvik AB SE0000667891 — Sandvik AB (SE0000667891) Aktienzertifikat liegt neben Wendeschneidplatten, Bohrern und einer präzisen Messlehre, Illustration mit AI erstellt.

Sandvik stock closed at SEK 362.00 on Nasdaq Stockholm on October 2, 2026, after the company reported Q2 revenue growth of 19.8 percent to SEK 36.752 billion. The next major checkpoint is the Q3 interim report scheduled for October 22, 2026, according to Sandvik.

Q2 growth lifts operating scale

Affarsvarlden reports that Sandvik generated SEK 36.752 billion in Q2 2026 revenue, compared with SEK 30.685 billion in Q1 2026, while operating result reached SEK 7.234 billion versus SEK 5.330 billion in the prior quarter. The figures point to a stronger sequential operating base ahead of the next report.

Sandvik lists Q2 revenue growth of 24 percent at fixed exchange rates and an adjusted EBITA margin of 22.6 percent. Its financial net debt to EBITDA ratio was 1 in the same period, giving investors three operating markers for the October reporting cycle.

Analysts see limited consensus upside

MarketScreener lists an Outperform mean consensus from 21 analysts and an average target price of SEK 390.90. The same page reports that JPMorgan raised its target from SEK 400 to SEK 415 on September 17, 2026, while retaining a Neutral rating.

BNP Paribas moved in the opposite direction on October 1, 2026. As Markets Insider reports, analyst Andreas Koski cut Sandvik to Neutral from Outperform and set a SEK 405 price target. That contrast makes the October 22 results especially important for testing whether Q2 growth can continue.

Sandvik stock enters the next results window

Sandvik's October 2 session showed a closing price of SEK 362.00, up SEK 3.50 or 0.98 percent from SEK 358.50. The stock remained within its 52-week range of SEK 262.70 to SEK 413.10, while its market capitalization stood at SEK 454.1 billion.