Wind turbine manufacturer Vestas Wind Systems A/S has reported revenue of €4.7 billion in the second quarter of its financial year, a 26.1% increase on the same period in 2025, according to its latest interim report.
The Aarhus, Denmark-based firm reported EBIT before special items of €446 million in the period, giving it an EBIT margin of 9.4%, compared with 1.5% in the second quarter of 2025.
Its performance was driven by a significant 67% increase in wind turbine orders, with the value of its wind turbine order backlog standing at €36 billion as of the end of June.
The company also reported service agreements with expected contractual future revenue of €40.9 billion, bringing the total value of its order and service backlog to €76.9 billion, a €9.6 billion increase on the same period last year.
Elsewhere, wind turbine deliveries to customers were 25% higher in the period, primarily driven by higher deliveries in the EMEA region. As of the end of June 2026, Vestas had installed a total capacity of 207 GW in 88 countries.
Profit guidance
Vestas raised its 2026 guidance, noting that while it expects revenue to come in at between €20 billion and €22 billion, the expected EBIT margin before special items has been increased to between 7% and 9%. Total investments remain forecast at around €1.2 billion for the year.
The company also announced a new, €400 million share buyback programme, which is set to commence on 13 August.
‘Strong demand’
“Based on our performance in the second quarter and visibility towards the end of the year, we raise the 2026 outlook on profitability and return further cash to shareholders through a new share buyback of €400 million that will run until the end of the calendar year,” commented Henrik Andersen, group president and chief executive.
“Demand for wind energy solutions remains strong due to the growing need for secure, affordable, and sustainable energy, and we want to thank our customers, partners and colleagues for their continued engagement and support.” Read more here.
