Half Year 2026 Schaeffler AG Earnings Call Transcript
Key Points
- EBIT margin improved by 1 percentage point to 4.5% in Q2 2026, driven by strong gross profit margin expansion.
- The company confirmed its 2026 guidance, with confidence in achieving all targets despite a challenging environment.
- eMobility division showed strong growth of 9.4% in Q2, outperforming the market and improving gross profit margin to 6.9%.
- The humanoid robotics order book reached $350 million, with significant haircuts applied for conservatism, and the company is actively working with 45 humanoid OEMs.
- Restructuring and performance improvement programs are ahead of plan, with overachievement of the 4,700 headcount reduction target and strong progress in BIS division.
- Mid-term targets for 2028 were revised down, with top-line guidance reduced from €27-29 billion to €24-26 billion, primarily due to weaker e-mobility and Bearing & Industrial Solutions outlook.
- eMobility EBIT margin target was lowered from 'above zero' to 'zero', reflecting ongoing profitability challenges in the division.
- Q2 free cash flow remained negative, impacted by working capital buildup and restructuring cash outflows.
- Sales were flat year-over-year, with weakness in China and a decline in the Powertrain & Chassis division due to market phase-outs.
- The company faces uncertainty from US tariffs and market volatility, leading to a cautious approach on CapEx and inventory.
Ladies and gentlemen to the Schaeffler HG Q2 2026 earnings call and live webcast.
I am Matilde, the course call operator.
I would like to remind you that all participants will be in listen-only mode and the conference is being recorded.
The presentation will be followed by a Q&A session.
You can register for questions at any time by pressing star and 1 on your telephone.
For operator assistance, please press star and 0.
The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Heiko Edea, Head of Investor Relations. Please go ahead.
Thank you very much.
Ladies and gentlemen, I'm very happy to welcome you to our today's call on Schaeffler's financial results Q2 2026.
Press release, the following presentation and our interim statement have been published today at 7:30 a.m. CET on our Investor Relations homepage.
And for sure, we will provide the recording
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