Report published August 26, 2026
Stadler Rail: 1H26 EBIT Surges 115% to Beat Consensus, ZKB Reaffirms Outperform
Source and citation context
- Issuer
- Zürcher Kantonalbank
- Report date
- August 26, 2026
- Analysis as of
- Not stated in source
Authors / editors: Tobias Klöpper (Analyst)
Finvaulta summarizes Zürcher Kantonalbank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Stadler Rail reported strong 1H26 results, beating EBIT consensus by ~17% with record order intake and confirming full-year guidance. Zürcher Kantonalbank maintains its Outperform rating on improved operational execution.
Key Takeaways
- 1.Stadler Rail reported strong 1H26 results with EBIT reaching CHF 79.5 mn (up 115.4% YoY), beating consensus by 16.7%.
- 2.New orders surged 59.8% YoY to CHF 2,738 mn (23% above consensus), expanding the order backlog to a record CHF 33.3 bn.
- 3.Stadler Rail confirmed its FY26 guidance for revenue well over CHF 5.0 bn and EBIT margin above 5%, maintaining medium-term margin targets of 6-8%.
Table of Contents
- Stadler Rail (SRAIL)
- Outlook
- Conclusion
- Disclosures and Disclaimer
Report data
1H26 Financial Results vs Expectations Table
| Metric | Estimate | Context |
|---|---|---|
| 1H26 New Orders | 2738.0 CHF mn | New orders in 1H26 vs CHF 1,714 mn in 1H25 and consensus CHF 2,224 mn. |
| 1H26 Sales | 1965.0 CHF mn | Sales in 1H26 vs CHF 1,402 mn in 1H25 and consensus CHF 1,849 mn. |
| 1H26 EBIT | 79.5 CHF mn | Operating profit in 1H26 vs CHF 36.9 mn in 1H25 and consensus CHF 68.1 mn. |
| 1H26 Net Profit | 34.4 CHF mn | Net profit after minority interests vs consensus CHF 41.5 mn. |
| Order Book | 33.3 CHF bn | Total order backlog reached a new record high with a 1.39x book-to-bill ratio. |
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Authors / Editors
Reported Data Context
- 1H26 New Orders: 2738.0 CHF mn (1H26) · Source: Zürcher Kantonalbank
- 1H26 Sales: 1965.0 CHF mn (1H26) · Source: Zürcher Kantonalbank
- 1H26 EBIT: 79.5 CHF mn (1H26) · Source: Zürcher Kantonalbank
- 1H26 Net Profit: 34.4 CHF mn (1H26) · Source: Zürcher Kantonalbank
- Order Book: 33.3 CHF bn (1H26) · Source: Zürcher Kantonalbank
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