Atlas Copco AB (publ) (ATCOA) Earnings Call Transcripts

Atlas Copco AB (publ)'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Atlas Copco reported revenues of SEK 40.5 billion, representing a 5% organic growth, driven primarily by strong performance in the Vacuum Technique segment. However, the Compressor Technique segment faced challenges with flat orders and a significant decline in gas and process compressors, leading to concerns about future growth. Management maintained a cautious outlook, indicating that customer hesitance and market uncertainties may impact order intake in the coming quarters. Earnings per share were reported at SEK 1.28, with a stable operating margin of 20.4%. No guidance changes were made for the fiscal year.

Reported metrics

Guidance from management

Management maintained a cautious outlook, indicating that customer hesitance and market uncertainties may impact order intake in the coming quarters. No specific guidance changes were provided.

What management said

Thank you, operator, and good morning, good afternoon, good evening to all participants to this Q1 earnings call at Atlas Copco Group. Before I hand over to Vagner, I will, as usual, already now ask you to limit your 1 question at a time, especially today because we are on a very tight schedule as we will be heading to the Annual General Meeting of Shareholders today. So we have even a little bit less time than usual...

So with that, we come to the end of our presentation, and we can start with the Q&A session. Once again, I would like to repeat, especially today as we are in this very tight schedule, going to the AGM after this meeting to just ask one question at a time. And then I think we will run smoothly to this Q&A session. So with that, I hand over to the operator for the Q&A. .

What analysts pressed on

Analysts expressed concerns regarding the flat orders in the Compressor Technique segment and the potential impact of geopolitical uncertainties on future growth. There were also questions about the ability to offset tariff impacts through pricing strategies.

Main topics on the call

• Organic Growth in Vacuum Technique — Vacuum Technique saw a remarkable 32% growth in orders received, primarily driven by the semiconductor market. Management noted, "We are quite happy with this level" and emphasized the positive trend in revenues, marking...
• Challenges in Compressor Technique — Compressor Technique reported flat orders, with a notable decline in gas and process compressors. Management stated, "We are not concerned about that," but acknowledged a high comparison base from Q1 2025, which may have...
• Stable Operating Margin — The operating margin remained stable at 20.4%, despite currency headwinds impacting profitability. Management highlighted that "the organic development of the margin was actually quite positive," indicating resilience in...
• Geographical Performance Variability — Orders from Asia grew by 7%, while North America saw a significant 70% increase. However, the Middle East experienced weaker performance, particularly in compressor and power techniques. Management noted, "Middle East re...

Read the full Atlas Copco AB (publ) transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Atlas Copco AB (publ) earnings call transcripts on record, spanning January 28, 2020 to July 16, 2026. Based on this history, Atlas Copco AB (publ) reports quarterly. The most recent call on file is dated July 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ATCOA

Exchange

OM

Country

SE

Sector

Industrials

Industry

Machinery

Calls on record

29

First call

January 28, 2020

Most recent

July 16, 2026

Reporting cadence

quarterly