Volvo CE Reports Increased Volumes and Earnings in Q2 2026

Volvo Construction Equipment (Volvo CE) reported its financial and operational results for the second quarter of 2026. The company recorded a 14% increase in deliveries of Volvo-branded machines and an 8% increase in order intake compared to the previous year. Organic growth in service sales was 9%. The adjusted operating margin for the quarter was 14.4%, up from 13.1% in Q2 2025.

Net sales for the quarter totaled SEK 21,603 million, a 6% decrease from SEK 22,906 million in Q2 2025. This decline was primarily attributed to the divestment of SDLG. However, organic sales grew by 13%, with machine sales up 14% and service sales up 9%. Adjusted operating income was SEK 3,114 million, compared to SEK 2,993 million in the same period last year.

Order intake for the Volvo brand increased in South America, Africa and Oceania, and North America, but decreased in Europe and Asia.

Key Events and Investments

Volvo Days 2026, the company’s largest event to date, was held in Eskilstuna, Sweden, with over 8,000 visitors. Construction began on a new excavator factory in Eskilstuna, supported by a SEK 700 million investment. The first serial produced A30 Electric articulated haulers were delivered to a customer in Norway.

Market Developments

Europe: Increased demand, supported by infrastructure investments and fleet replacement.

North America: Continued resilience, driven by investments in data centers, energy infrastructure, and manufacturing onshoring.

South America: Market expansion, led by mining and infrastructure projects in Brazil, Colombia, and Peru.

Asia: Mixed results, with growth in Indonesia, South Korea, and Southeast Asia, but contraction in India, Turkey, and the Middle East. China experienced growth due to government stimulus.

Africa & Oceania: Growth driven by infrastructure and mining projects. Tags: Volvo CE