ABB Ltd (ABB:CA) Q2 2026 Earnings Call Transcript

Morten Wierod Chief Executive Officer Thanks, Ann-Sofie. So let's talk through the building blocks that resulted in another record quarter for both orders and revenues, good earnings growth, a solid margin improvement and good cash flow. In total, things progressed more or less as planned. We delivered on our guidance, so I'm pleased with the results. But I want to start with M&A. You have heard me talk about the teams being active on a good target pipeline. Now we see these efforts result in 3 recently announced acquisitions, which combined would add approximately 3.5% to our 2025 revenues. This includes 2 smaller deals, one being in the Italian company, Specialtrasfo, who is specialized in medium voltage transformers. I want to make it clear that we're not going