AEBI Aebi Schmidt Holding AG
Price Chart
Executive Summary
Aebi Schmidt reported Q1 2026 net sales of $456M (flat YoY, but up 7% excluding $26.3M of prior-year Blue Arc sales), adjusted EBITDA of $33.1M (+6% YoY), and net income of $0.7M (+7% YoY). Order intake grew 9% and backlog hit a record $1.3B (+23% YoY), while the company confirmed full-year 2026 guidance of $1.95B-$2.15B in sales and $175M-$195M in adjusted EBITDA. The quarter was in line with expectations, with the stock likely to trade on the strong order pipeline and second-half ramp rather than the flat Q1 revenue.
Key Financial Metrics
Actionable Insight
The flat Q1 revenue and confirmed full-year guidance suggest no near-term catalyst for a significant move. The record $1.3B backlog and 9% order intake growth support the second-half ramp narrative — watch Q2 2026 results for evidence of walk-in-van revenue conversion and margin expansion. Leverage at 2.88x remains above the 2.0x year-end target, so debt reduction progress will be a key monitorable.
Key Facts
- Q1 2026 net sales of $456M, flat vs Q1 2025; up 7% excluding $26.3M of prior-year Blue Arc sales
- Adjusted EBITDA of $33.1M, up 6% YoY; margin expanded ~40bps to 7.3%
- Net income of $0.7M, up 7% from $0.6M in Q1 2025
- Order intake grew 9% YoY; order backlog reached a record $1.3B, up 23% YoY
- Full-year 2026 guidance confirmed: net sales $1.95B-$2.15B, adjusted EBITDA $175M-$195M, leverage ≤2.0x
- North America adjusted EBITDA fell 9% to $26.4M due to ramp-up expenses for walk-in-van production
- Europe/RoW adjusted EBITDA tripled to $6.8M, a record first quarter
- Net debt increased $18M to $455M; leverage at 2.88x
Financial Impact
Q1 2026 net sales $456M (flat YoY), adjusted EBITDA $33.1M (+6% YoY), net income $0.7M (+7% YoY)
Risk Factors
- North America adjusted EBITDA declined 9% due to ramp-up costs; any delay in walk-in-van revenue conversion could pressure margins
- Net debt increased $18M sequentially; leverage at 2.88x is above the 2.0x year-end target
- Geopolitical uncertainty and market softness cited as risks to the first-half outlook
- Historical performance shows the stock has been volatile around earnings, with T+5 moves averaging -13.7% on prior calls
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-003396 |
| Document: f8k_051326.htm | 0001171843-26-003396 |
| Document: 0001171843-26-003396-index-headers.html | 0001171843-26-003396 |
| Document: 0001171843-26-003396-index.html | 0001171843-26-003396 |
| Document: 0001171843-26-003396.txt | 0001171843-26-003396 |
| 8-K Data (Synthetic) | 0001171843-26-003396 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 26, 2026
14d ago
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Insider Cluster
| $12.78 $11.90 | ▼ −6.95% | ▼ −7.42% | $12.19 (−4.64%) |
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May 21, 2026
19d ago
|
Press Release
| $11.84 $12.45 | ▲ +5.23% | ▲ +3.38% | $12.19 (+2.99%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $12.26 $12.81 | ▲ +4.49% | ▲ +3.25% | $12.19 (−0.57%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $12.23 $12.88 | ▲ +5.30% | ▲ +3.50% | $12.19 (−0.37%) |
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May 14, 2026
26d ago
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8-K
| $11.13 $11.84 | ▲ +6.37% | ▲ +7.09% | $12.19 (+9.55%) |
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Apr 10, 2026
8w ago
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8-K
| $12.21 $11.55 | ▼ −5.41% | ▼ −8.70% | $12.19 (−0.16%) |
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Apr 10, 2026
8w ago
|
DEFA14A
| $12.21 $11.55 | ▼ −5.41% | ▼ −8.70% | $12.19 (−0.16%) |
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Mar 19, 2026
11w ago
|
Press Release
| $11.30 $9.24 | ▼ −18.23% | ▼ −16.02% | $12.19 (+7.88%) |
US Market Status
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