Aebi Schmidt Q2: Adjusted EBITDA +22%, Backlog Hits $1.28B, Guidance Reaffirmed
AEBI sits 46% above its 52-week low of $8.91 on elevated volume (1.9× avg).
Summary
Aebi Schmidt reported Q2 2026 Adjusted EBITDA of $42.1M (+22% YoY), net income of $10.5M, and a 20% jump in order backlog to $1.28B. Full-year guidance was reaffirmed, though year-end leverage is now expected at 2.0x or slightly above.
Key Events · Earnings and Guidance · AEBI
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Q2 Adjusted EBITDA +22%
Adjusted EBITDA rose to $42.1M in Q2 2026, up 22% from $34.5M in Q2 2025, with margin expanding to 8.5% of net sales from 7.6%.
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Net Income Swings to Profit
Net income was $10.5M in Q2 2026, compared to a loss of $7.9M in Q2 2025, driven by operational improvements and realized synergies.
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Order Backlog Up 20%
Order intake grew 16% to $516M, and order backlog reached $1,279M as of June 30, 2026, up 20% year-over-year, supporting revenue conversion in H2 2026.
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Full-Year Guidance Reaffirmed
Management confirmed 2026 guidance of Net Sales $1.95B-$2.15B and Adjusted EBITDA $175M-$195M, citing strong order momentum and operational improvements.
Analysis · AEBI · Technology
A strong second quarter for Aebi Schmidt saw Adjusted EBITDA climb 22% to $42.1 million on 9% net sales growth, while order backlog expanded 20% to $1.28 billion — providing visibility into the back half of 2026. Net income swung to a $10.5 million profit from a $7.9 million loss a year ago. Management reaffirmed full-year guidance but slightly raised its year-end leverage expectation to 2.0x or slightly above, citing temporary supply chain investments. The results confirm the operational momentum highlighted at the July investor day and support the 2030 growth plan.
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At the time of this filing, AEBI was trading at $12.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $1B. The 52-week trading range was $8.91 to $15.96. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.