Wacker Chemie stock gains 1.60 percent as margins improve

Published on 10/03/2026 at 21:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wacker Chemie stock is backed by Q2 2026 sales of EUR 1.52 billion, up 7 percent year over year. JPMorgan keeps an Underweight view with a EUR 62 target.

Isometrisches Diagramm einer Chemie-Wertschöpfungskette mit Silos, Reaktoren und Lkw — Wacker Chemie AG (DE000WCH8881) Wertschöpfungskette wird als isometrisches 3D-Prozessdiagramm der Chemieproduktion visualisiert, Illustration mit AI erstellt.

Wacker Chemie stock (ISIN DE000WCH8881) was last at EUR 88.90 on Xetra on October 2, 2026, up 1.60 percent from the prior session. The move followed a quarter in which operating improvements became visible, although energy costs and weak solar demand continue to shape the investment case.

Quarterly sales rise 7 percent

In Q2 2026, Wacker Chemie generated sales of EUR 1.52 billion, up 7 percent from EUR 1.41 billion a year earlier. According to Yahoo Finance, EBITDA before the pension accounting effect rose 53 percent to EUR 175 million from EUR 114 million.

The earnings quality was mixed. Reported EBITDA reached EUR 211 million, including a EUR 37 million non-cash pension effect, while net income reached EUR 350 million and earnings per share stood at EUR 6.86 in Q2 2026, according to Yahoo Finance.

Guidance improves but risks remain

Management raised full-year 2026 EBITDA guidance to EUR 625 million-EUR 750 million. The Q2 2026 transcript also said the company expects mid-single-digit sales growth in Silicones and high single-digit sales growth in Biosolutions, while Polysilicon remains exposed to weak solar demand and unresolved US trade policy.

Cost savings are central to that outlook. Wacker Chemie said PACE savings reached EUR 85 million in the first half of 2026 and that the program targets more than EUR 300 million of annual gross savings by 2028, according to Yahoo Finance. The comparison matters because the quarterly EBITDA gain was driven by savings, pricing and volumes rather than a broad recovery across end markets.

JPMorgan keeps Underweight rating

JPMorgan kept its Underweight rating on September 24, 2026, and pointed to fading support from the Middle East related special demand effect. The bank also highlighted Wacker Chemie's position as an energy-intensive producer with a high European exposure, as reported by Finanznachrichten.

JPMorgan had raised its price target from EUR 60 to EUR 62 on September 7, 2026, while retaining Underweight, according to finanzen.at. The next scheduled Q3 2026 conference call is October 29, 2026, giving investors a defined checkpoint for testing whether the cost program can offset seasonal and market pressure.

Stock gains on October 2

Wacker Chemie was last at EUR 88.90 on Xetra at 5:35 p.m. CEST on October 2, 2026. The session range was EUR 87.15-EUR 89.75, the 52-week range was EUR 62.25-EUR 105.60, market capitalization was EUR 4.4 billion, and volume was 39,060 shares.