Vestas Results Q2 2026: Revenue, Profit and Margins

Latest report: Vestas half-year report Jan–Jun 2026, published August 12, 2026

In Q2 2026, Vestas’ revenue was €4,723.0 million, up 26.1% from Q2 2025. Operating profit was €419.0 million, an operating margin of 8.9% (Q2 2025: 1.5%). Net income for the period was €285.0 million and earnings per share €0.28.

Vestas: Where the revenue went, Q2 '26, EUR million. Source: Vestas half-year report Jan–Jun 2026.
Vestas: Where the revenue went · Q2 '26, EUR million
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Key figures for Q2 2026

Vestas key figures, Q2 2026 vs Q2 2025
Q2 2026Q2 2025Change
Revenue, €M4,723.03,745.0+26.1%
Gross profit, €M801.0417.0+92.1%
Gross margin17.0%11.1%+5.8 pp
Operating profit, €M419.057.0+635.1%
Operating margin8.9%1.5%+7.3 pp
Net income, €M285.034.0+738.2%
Net margin6.0%0.9%+5.1 pp
Earnings per share€0.28€0.03+833.3%

Vestas in charts

Vestas: From revenue to net income, Q2 '26, EUR million. Source: Vestas half-year report Jan–Jun 2026.
Vestas: From revenue to net income · Q2 '26, EUR million
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Vestas: What drove the change in operating profit, Q2 '25 → Q2 '26, EUR million. Source: Vestas half-year report Jan–Jun 2026.
Vestas: What drove the change in operating profit · Q2 '25 → Q2 '26, EUR million
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Vestas: Revenue by segment, Quarterly, EUR million. Source: Vestas half-year report Jan–Jun 2026.
Vestas: Revenue by segment · Quarterly, EUR million
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Vestas: Profitability, Quarterly, % of revenue. Source: Vestas half-year report Jan–Jun 2026.
Vestas: Profitability · Quarterly, % of revenue
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Vestas: Revenue trend, Quarterly, EUR million. Source: Vestas half-year report Jan–Jun 2026.
Vestas: Revenue trend · Quarterly, EUR million
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Vestas: Operating profit trend, Quarterly, EUR million. Source: Vestas half-year report Jan–Jun 2026.
Vestas: Operating profit trend · Quarterly, EUR million
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Vestas: Revenue and earnings, last twelve months, Rolling four-quarter sum, EUR million. Source: Vestas half-year report Jan–Jun 2026.
Vestas: Revenue and earnings, last twelve months · Rolling four-quarter sum, EUR million
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Vestas: Earnings per share, Quarterly, EUR. Source: Vestas half-year report Jan–Jun 2026.
Vestas: Earnings per share · Quarterly, EUR
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Quarterly results

Vestas quarterly results (€M unless stated)
QuarterRevenueChange y/yOperating profitOperating marginNet incomeEPS
Q2 20264,723.0+26.1%419.08.9%285.0€0.28
Q1 20263,966.0+14.4%92.02.3%70.0€0.08
Q4 20256,270.0+2.1%524.08.4%437.0—
Q3 20255,339.0+3.1%414.07.8%304.0€0.30
Q2 20253,745.0+13.6%57.01.5%34.0€0.03
Q1 20253,468.0+29.4%20.00.6%5.0€0.00
Q4 20246,141.0+28.7%815.013.3%598.0—
Q3 20245,177.0+18.9%231.04.5%127.0€0.13

Annual results

Vestas annual results (€M unless stated)
YearRevenueOperating profitOperating marginNet incomeEPS
202518,822.01,015.05.4%780.0€0.78
202417,295.0794.04.6%494.0€0.50
202315,382.0292.01.9%78.0€0.08

Revenue by segment

Vestas revenue by segment, Q2 2026 vs Q2 2025 (€M)
SegmentQ2 2026Q2 2025Change
Service896.0948.0−5.5%
Power Solutions3,827.02,797.0+36.8%
Other0.00.0—

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About Vestas

Vestas is a Danish company that designs, makes, installs and services wind turbines for onshore and offshore wind farms around the world.

Sources
  1. Vestas half-year report Jan–Jun 2026, published Aug 12, 2026
  2. Vestas interim report Jan–Mar 2026, published May 6, 2026
  3. Vestas financial statements release 2025, published Feb 5, 2026
  4. Vestas interim report Jan–Sep 2025, published Nov 5, 2025
  5. Vestas half-year report Jan–Jun 2025, published Aug 13, 2025
  6. Vestas interim report Jan–Mar 2025, published May 6, 2025
  7. Vestas financial statements release 2024, published Feb 5, 2025
  8. Vestas interim report Jan–Sep 2024, published Nov 5, 2024
  9. Vestas half-year report Jan–Jun 2024, published Aug 14, 2024

About these figures. All figures come from Vestas’ published interim reports and financial statements releases, linked above, and are checked against them before publication. Errors are still possible, so confirm any figure in the original report before relying on it. Amounts are in millions of the reporting currency. Quarters reported only cumulatively (for example the fourth quarter) are derived by subtraction, and when a company restates earlier figures, older quarters on the previous basis are left out of comparisons. Margins and changes are calculated by Finpendium. This page is for information only and is not investment advice or a recommendation to buy or sell any security. See how the figures are checked and our Disclaimer. Spotted an error? Let us know.