VAT net income falls 6.4% to CHF 98.8 million in H1 FY26; net sales drop 8.3% to CHF 511.9 million

(AWP Alliance News) - VAT Group AG posted first-half 2026 net income of CHF 98.8 million, down 6.4% year on year, while EBITDA fell 10.2% to CHF 148.2 million and the EBITDA margin narrowed 0.6 percentage points to 29.0%. Net sales slid 8.3% to CHF 511.9 million, while order intake climbed 75% to CHF 856.4 million.

In the second quarter, order intake more than doubled to a record CHF 500 million, while net sales rose 31.7% from the prior quarter to CHF 291 million and the order backlog surged 120.5% to CHF 647.9 million. VAT cited demand for advanced logic and memory chips driven by hyperscaler data center investment, while capacity ramp costs weighed on margins as it added more than 700 employees in the first half.

It forecast third-quarter net sales of CHF 355-385 million and reiterated full-year 2026 guidance for higher orders, net sales, EBITDA, EBITDA margin, net income and free cash flow.

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Disclaimer: This news brief was created using generative artificial intelligence. VAT Group AG published the original content used to generate this news brief via EQS News on July 22, 2026, and is solely responsible for the information contained therein.