ABB lifts Q3 revenue 14% and plans power joint venture with Mitsubishi Electric
ABB reported 14% revenue growth and record $12 billion orders in Q3, and will form an electrification joint venture with Mitsubishi Electric.
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what happened
According to Reuters, Swiss electrification and automation group ABB posted third-quarter 2026 revenue up 14% year over year, at $9.70 billion. Operational EBITA rose 24%, and its margin widened to 20.8%.
Quarterly orders hit a record $12.06 billion, up 40%, supported by strong growth in two business areas and a triple-digit jump in its data center segment. ABB also plans to form an electrification joint venture with Mitsubishi Electric, acquiring a 51% stake.
For the fourth quarter, the company expects comparable revenue growth broadly similar to Q3, and full-year 2026 comparable growth in the low teens.
why it matters
Record orders and wider margins point to solid demand for electrical equipment, particularly from data centers that are expanding rapidly. Analysts on average rate the shares as hold, and Reuters cites a median 12-month target of CHF83, about 11% above the October 19 close.
market impact
ABB and heavy electrical equipment peers: strong orders and data center demand support revenue expectations.
tags
instruments
sources
- Switzerland's ABB Q3 revenue rises 14%, to form joint venture with Mitsubishi Electric — Reuters, 20 October 2026 at 05:01 UTC
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