Volvo CE’s Q2 report reflects strong organic growth amid market expansion
Growth across organic sales includes a 14 percent increase in machine deliveries and an 8 percent uptick in total orders
During the second quarter of 2026, Volvo CE's global machinery market saw continued growth across regions and sectors.
Key highlights from Volvo CE's second quarter
Net sales decreased by 6 percent to SEK 21,603 million because of the divestment of SDLG. Organic sales grew by 13 percent, of which net sales of machines increased by 14 percent and service sales increased by 9 percent. Adjusted operating income amounted to SEK 3,114 million, corresponding to an adjusted operating margin of 14.4 percent.
Order intake increased by 8 percent in South America, Africa and Oceania as well as North America; however, sales intake decreased in Europe and Asia.
In Q2, Volvo CE achieved several important milestones that reinforced its long-term strategic direction and commitment to innovation. In June, Volvo Days 2026 became the largest event in the company's history, welcoming more than 8,000 visitors to Eskilstuna, Sweden. The event showcased Volvo CE's integrated offering of machines, services and digital solutions, demonstrating how the company's continued product and services renewal is delivering value for customers.
Major milestones reached in the past quarter
The quarter also saw the groundbreaking of Volvo CE's new excavator factory in Eskilstuna, Sweden, supported by a SEK 700 million investment.
In addition, Volvo CE delivered the world's first serial-produced A30 Electric articulated haulers to customer LNS in Norway following the start of serial production. Together, these milestones highlight the company's ongoing investments in competitiveness, industrial capabilities and the transition to sustainable transport and infrastructure solutions.
Melker Jernberg, president of Volvo CE, noted that, "It's been a positive quarter that demonstrates growth in organic sales and continued stability driven by a strong product mix. We continue to grow our total offer while maintaining our focus on long-term investments and innovation to transform our industry."
"The second quarter demonstrated our ability to turn strategy into action," said Jernberg. "The milestones we reached demonstrate our commitment to strengthening our competitiveness, accelerating innovation, and supporting customers with solutions that help them succeed both today and in the future."
