Swatch Group stock reports CHF 3.12 billion in half year revenue

Published on 10/04/2026 at 12:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Swatch Group stock posted CHF 9 million in net profit for the quarter ended June 30, 2026. RBC Capital cut its target from CHF 210 to CHF 190 on September 22.

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Swatch Group stock (ISIN CH0012255151) was last at CHF 182.05 on SIX on October 2, 2026 at 5:30 p.m. CEST, down 1.35 percent for the session. The latest results showed quarterly revenue of CHF 3.12 billion and net profit of CHF 9 million for the period ended June 30, 2026, according to Markets Insider.

Revenue rises, profit remains limited

The revenue figure increased from CHF 3.06 billion in the year-earlier comparison, while net profit rose from CHF 3 million. That combination puts sales momentum ahead of earnings power in the latest reported quarter.

Swatch Group describes its business as the design, manufacture and sale of finished watches, jewelry, watch movements and components. Its investor page lists 2025 net sales of CHF 6,280 million and 31,800 employees, providing a longer-term scale reference for the half-year update.

RBC lowers target to CHF 190

RBC Capital lowered its Swatch Group price target from CHF 210 to CHF 190 on September 22, 2026, while keeping a Sector Perform rating, as reported by Markets Insider. The lower target contrasts with the latest sales growth and highlights the market's concern that revenue gains have not yet translated into comparable profit expansion.

The broader analyst picture is Neutral among 20 analysts, with 3 Buy, 10 Hold and 7 Sell ratings. Investing.com lists an average 12-month price target of CHF 168.83, alongside a high estimate of CHF 235.80 and a low estimate of CHF 90.00.

Stock remains below yearly high

The October 2 reference price of CHF 182.05 stood below the 52-week high of CHF 223.10 and above the 52-week low of CHF 149.65. Trading volume was 62,564 shares, while market capitalization was CHF 9.5 billion on the same date.

For investors, the key comparison is clear: quarterly revenue reached CHF 3.12 billion, but quarterly profit was only CHF 9 million. The next valuation debate therefore centers on whether stronger sales can produce a broader earnings recovery.