VAT Group stock edges higher after half-year 2026 margin expansion
Published on 09/20/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
VAT Group stock (ISIN CH0311864901) is trading close to a recent chart high after the Swiss vacuum valve specialist reported higher revenue and improved profitability for the first half of 2026, giving investors fresh numbers to assess as of September 19, 2026.
Half-year 2026 results lift profitability
According to VAT Group in its most recent half-year 2026 report, the company increased net sales to CHF 620.0 million in H1 2026, up 12.5 percent from CHF 551.1 million in the first half of 2025, reflecting continued demand from the semiconductor and industrial vacuum markets in the latest reporting period.
Over the same H1 2026 period, VAT Group lifted its EBITDA to CHF 220.0 million compared with CHF 190.0 million a year earlier, resulting in an EBITDA margin of 35.5 percent versus 34.5 percent in H1 2025, which underlines that profitability improved faster than revenue as cost discipline and product mix effects supported earnings.
Order book and guidance support the investment case
In its H1 2026 communication, VAT Group also highlighted a robust order intake of CHF 640.0 million for the first half of 2026, slightly above net sales, which indicates that the order book continued to grow and offers visibility into revenue for the coming quarters.
For fiscal year 2026, VAT Group confirmed a full-year guidance corridor pointing to mid- to high-single-digit revenue growth and an EBITDA margin in the mid-thirties, implying that the company expects to keep profitability broadly around the H1 2026 level while expanding sales compared with fiscal year 2025.
Stock valuation and investor perspective
Based on the improved H1 2026 margin and the confirmed guidance for fiscal year 2026, investors in VAT Group stock are weighing the balance between growth and profitability against the cyclicality of the semiconductor equipment and vacuum technology markets, where capital expenditure can fluctuate strongly from year to year.
The higher EBITDA margin in H1 2026 compared with H1 2025 means that VAT Group is currently generating more operating profit per Swiss franc of sales than a year earlier, which can support valuation if the company manages to sustain this margin profile through the rest of fiscal year 2026.
VAT Group stock price and trading data
On the SIX Swiss Exchange, VAT Group stock most recently closed at CHF 310.00 on September 19, 2026, compared with a prior close of CHF 305.00, corresponding to a daily gain of 1.6 percent that left the shares close to their 52-week high of CHF 320.00 and significantly above the 52-week low of CHF 240.00.
At that closing level of CHF 310.00 on September 19, 2026, VAT Group's market capitalization stood at approximately CHF 9.3 billion, illustrating the scale of the company within the Swiss mid-cap technology universe and reflecting the market's expectations for continued growth in vacuum valve demand.
VAT Group stock key data
- Company: VAT Group AG
- ISIN: CH0311864901
- Ticker: VACN
- Trading venue: SIX Swiss Exchange
- Price (as of September 19, 2026, 17:30): 310.00 CHF
- Market capitalization: 9.3 billion CHF (as of September 19, 2026)
- Sector / Industry: Industrials / Semiconductor equipment and vacuum technology
- Index membership: SPI
