DNB Carnegie cuts target for Husqvarna stock to SEK 36.00

Published on 10/18/2026 at 13:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DNB Carnegie cut its target to SEK 36.00 from SEK 41.00 on October 9, 2026. Husqvarna stock faces Q3 results on October 21, 2026.

Investor dates and operating figures

DNB Carnegie cut its Husqvarna target to SEK 36.00 from SEK 41.00 on October 9, 2026.
Second-quarter revenue was SEK 14.38 billion at an 11.10 percent operating margin.
Husqvarna will publish third-quarter results on October 21, 2026.

Flatlay-Anordnung mit Aktienzertifikat, ISIN-Karte und Gartenwerkzeugen auf Holztisch — Husqvarna AB (SE0001662230) zeigt Flatlay mit Aktienzertifikat, ISIN-Karte, Gartenhandwerkzeugen und Handschuhen auf Holztisch, Illustration mit AI erstellt.

Husqvarna (SE0001662230) faces a lower analyst valuation before its next report after DNB Carnegie cut its target to SEK 36.00 from SEK 41.00 on October 9, 2026. The bank kept a Hold rating, while its forecast called for a 1.00 percent organic sales decline and adjusted EBIT of minus SEK 19 million, according to Borskollen.

Target cut raises the bar

The revised target is 12.20 percent below the former SEK 41.00 level, making the upcoming third-quarter report the next test for the earnings outlook. DNB Carnegie cited weak demand, unfavorable weather and higher costs, and reduced its 2026 to 2028 profit forecasts by 9.00 to 10.00 percent, according to Borskollen.

What does Q2 say about margins?

Husqvarna reported second-quarter revenue of SEK 14.38 billion and operating profit of SEK 1.60 billion, with an 11.10 percent operating margin. Revenue rose 3.00 percent from SEK 13.96 billion in the first quarter, while the margin declined from 12.20 percent, figures listed by Affarsvarlden. That comparison puts margin protection alongside sales growth as the central operating issue.

Three dated developments

On July 31, 2026, Husqvarna reported second-quarter revenue of SEK 14.38 billion and an 11.10 percent operating margin. On September 11, 2026, the group said four robotic mower platforms had received FCC conditional approval for United States launches in 2027. On October 9, 2026, DNB Carnegie cut its target from SEK 41.00 to SEK 36.00 and retained Hold, according to Borskollen.

Two dates shape the next update

Husqvarna's next stated reporting date is October 21, 2026, when it will publish third-quarter results at 7:00 a.m. CEST and hold a webcast at 9:00 a.m. CEST, according to the Husqvarna Group. October 19, 2026 is listed as the next dividend date by Affarsvarlden.

Stock context before results

Husqvarna operates in outdoor power equipment, watering systems and construction tools, with the Husqvarna Forest and Garden, Gardena and Husqvarna Construction divisions. Its market capitalization was SEK 20.4 billion as of October 16, 2026, and its primary listing is Nasdaq Stockholm.