Wacker Chemie stock trades near EUR 90 ahead of Q3 results

Published on 10/07/2026 at 13:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wacker Chemie's Q2 sales rose 7 percent to EUR 1.52 billion, while adjusted EBITDA climbed 53 percent to EUR 175 million. Full-year guidance stands at EUR 625 million-EUR 750 million.

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Wacker Chemie (ISIN DE000WCH8881) was trading at EUR 90.35 on Xetra on October 7, 2026, down 0.28 percent from the prior close, with third-quarter results scheduled for October 29. The share price leaves the stock 14.4 percent below its 52-week high of EUR 105.60 and EUR 28.10 above its 52-week low of EUR 62.25.

Q2 results lifted earnings

In Q2 2026, group sales increased 7 percent year over year to EUR 1.52 billion, according to Yahoo Finance. Adjusted EBITDA before the pension accounting effect rose 53 percent to EUR 175 million, compared with EUR 114 million in Q2 2025.

Reported EBITDA reached EUR 211 million, including a EUR 37 million non-cash pension effect, while net income was EUR 350 million and earnings per share reached EUR 6.86. The comparison matters because the underlying EBITDA gain was lower than the reported increase, making cost control and pricing more relevant than the one-time pension item.

Guidance points to execution

Management raised full-year 2026 EBITDA guidance to EUR 625 million-EUR 750 million in the Q2 call, as Yahoo Finance reported. The company said its PACE efficiency program generated EUR 85 million of savings in the first half, including EUR 45 million in Q2.

The operating picture is uneven. Silicones produced Q2 sales of EUR 757 million and EBITDA of EUR 123 million, while Polysilicon sales rose 3 percent to EUR 226 million and EBITDA reached EUR 11 million. Solar-grade demand and unresolved US trade proceedings continue to weigh on visibility, while semiconductor-grade volumes are expanding.

Analysts keep a cautious balance

A September 30 analyst overview cited by Finanzen listed three Hold ratings and two Sell ratings for the month, with an average price target of EUR 80.52. Jefferies carried a EUR 93.00 target on September 29, while Deutsche Bank listed EUR 92.60 on September 18, according to the same overview.

That target mix places execution at the center of the next checkpoint. The Q3 release on October 29 will show whether the Q2 improvement in chemicals and PACE savings can offset weak solar conditions and seasonal demand effects.

Stock trades below yearly high

Wacker Chemie stock was last at EUR 90.35 on Xetra on October 7, 2026, with a market capitalization of EUR 4.5 billion and volume of 6,801 shares at the quoted time.