ABB forms Mitsubishi venture. ABB stock stands at CHF 124.3 billion market value

Published on 10/23/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ABB takes a 51 percent Mitsubishi Electric stake after Q3 orders hit USD 12.06 billion. ABB stock costs EUR 74.42 on October 23, 2026 at Lang & Schwarz.

Deal and valuation signals

ABB took a 51 percent Mitsubishi Electric venture stake on October 20, 2026.
Berenberg kept its CHF 80.00 target and Hold rating on October 20, 2026.
ABB stock trades at EUR 74.42 at 10:38 a.m. CEST at Lang & Schwarz on October 23, 2026.

Zürcher Altstadt mit Limmat und Türmen als Aquarell in weichen Pastelltönen — ABB Ltd (CH0012221716) hat seinen Hauptsitz in Zürich, wo Limmat und Türme im Aquarellpanorama erleuchten, Illustration mit AI erstellt.

ABB (ISIN CH0012221716) reported record third-quarter orders of USD 12,055 million on October 20, 2026, while forming a 51 percent low-voltage joint venture with Mitsubishi Electric. The company also generated USD 9,701 million in third-quarter revenue, up 14 percent year over year, according to ABB.

Record orders meet strategic expansion

The results combine operating momentum with a clear expansion move in Asia. ABB said third-quarter orders rose 40 percent from USD 8,606 million a year earlier, while revenue increased from USD 8,491 million to USD 9,701 million.

The Mitsubishi Electric venture gives ABB control of 51 percent of a newly formed low-voltage power distribution business. The transaction extends ABB's electrification position in Japan and connects the venture to demand from data centers and industrial customers, as described in the October 20 release.

What does the 20.8 percent margin mean?

Operational EBITA reached USD 2,026 million in the third quarter, up 24 percent from USD 1,633 million in the prior-year quarter. The operational EBITA margin therefore improved to 20.8 percent from 19.2 percent, a 1.6 percentage-point increase.

Cash generation added another support point: operating cash flow rose 5 percent to USD 1,862 million in the third quarter. ABB guided to comparable revenue growth in the low teens for full-year 2026, while the reported operational EBITA margin should improve by at least 270 basis points year over year, according to the company release.

Three dated signals for ABB

On October 15, 2026, ABB disclosed 543,472 repurchased shares for the October 8 to October 14 period through EQS News. On October 20, 2026, wallstreetONLINE reported that Berenberg kept its Hold rating and CHF 80.00 price target. The same date brought ABB's USD 12,055 million order result and Mitsubishi Electric venture.

Stock valuation in euros

ABB's market capitalization stood at CHF 124.3 billion on October 23, 2026, while its 52-week range was CHF 53.78 to CHF 89.14. The primary listing is on the SIX Swiss Exchange under ticker ABBN.

ABB stock was trading at EUR 74.42 at Lang & Schwarz on October 23, 2026 at 10:38 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ABB stock.