Volvo Group Reports Record Profitability in Second Quarter
Volvo Group reported net sales of SEK 126.3 billion for the second quarter of 2026, marking a 7% organic growth as the company navigates the business cycle with improved margins. CEO Martin Lundstedt highlighted the result as a testament to the firm’s adaptability and the sustained high utilization of customer fleets.
Adjusted operating income climbed to SEK 14.8 billion, pushing the adjusted operating margin to 11.7% from 11.0% during the same period last year. This performance reflects a broad-based improvement across the company’s core segments, with vehicle sales and service sales both contributing to the growth. Reported operating income reached SEK 13.5 billion, bolstered by positive currency movements that added SEK 491 million to the bottom line.
The industrial operations also showed strength, with operating cash flow nearly doubling to SEK 5.8 billion compared to SEK 2.9 billion in Q2 2025. Return on capital employed rose to 26.8%, up from 25.7%. Earnings per share for the quarter stood at SEK 5.10, outperforming the previous year's figure of SEK 3.64.
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