ABB Raises 2026 Revenue Forecast Following Strong Q1 Performance
ABB has increased its 2026 sales growth forecast to a high single-digit to low double-digit percentage following a robust Q1, driven by strong demand from AI data centers. This adjustment reflects broader market resilience despite geopolitical tensions, indicating a positive outlook for industrial infrastructure demand.
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ABB has revised its 2026 revenue growth forecast to a range of high single-digit to low double-digit percentages after reporting an 18% increase in Q1 revenue to $8.73 billion, exceeding analyst expectations of $8.25 billion. The operating profit also surpassed forecasts, reaching $2.049 billion, up 37%, bolstering confidence in ABB's growth trajectory amid favorable market conditions.
Demand remained strong across all divisions, particularly in mobility and smart buildings, with AI data center investments significantly contributing to the performance of ABB’s Power Grids segment. Despite ongoing geopolitical tensions, ABB's results indicate a resilient industrial infrastructure demand, suggesting a potential for continued growth in the sector.
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