Story perspectives

ABB Boosts 2026 Sales Outlook After 18% Q3 Growth

4/23/2026

Summary

Story summary

ABB, the Swiss engineering group, raised its 2026 sales outlook after a quarter with sales up 18% to $8.73 billion.
Growth was driven by data-centre demand for artificial intelligence and investments in electrification.
ABB now expects 2026 sales to rise by a high single-digit to low double-digit percentage, up from 6-9%.
CEO Morten Wierod said demand remains robust.
Analysts highlighted a 32% rise in order intake.

History

Historical Context

The global artificial intelligence market reached approximately $27 billion in 2018, reflecting significant technological advancements. ABB, a leader in electrification, reported an 18% sales increase to $8.73 billion, driven by demand for data centers. This growth aligns with ABB's strategic acquisitions and investments in electrification and automation technologies, marking a pivotal shift in industrial priorities and shaping the future of engineering.

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Story summary

ABB, the Swiss engineering group, raised its 2026 sales outlook after a quarter with sales up 18% to $8.73 billion.
Growth was driven by data-centre demand for artificial intelligence and investments in electrification.
ABB now expects 2026 sales to rise by a high single-digit to low double-digit percentage, up from 6-9%.
CEO Morten Wierod said demand remains robust.
Analysts highlighted a 32% rise in order intake.

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