Epiroc A stock falls 0.76 percent despite Q2 growth

Epiroc A stock stood at SEK 262.10 on Nasdaq Stockholm on September 23, 2026, down 0.76 percent from SEK 264.10. The decline contrasts with Q2 2026 revenue growth of 10 percent to SEK 16.7 billion and a 13 percent organic increase in orders to SEK 17.3 billion, according to Yahoo Finance in its Q2 2026 transcript.

Q2 orders set the pace

Epiroc's Q2 order intake rose 13 percent organically to SEK 17.3 billion, while equipment orders increased 30 percent organically. Service orders grew 6 percent, giving the mining equipment specialist a broader base than equipment demand alone.

The operating picture also improved. EBIT increased 17 percent to SEK 3.3 billion, and the reported operating margin reached 19.9 percent, compared with 18.7 percent in Q2 2025, according to Yahoo Finance.

Margins widen across divisions

Equipment and Service revenue rose 12 percent to SEK 12.8 billion, with its operating margin at 23.1 percent versus 22.5 percent a year earlier. Tools and Attachments revenue increased 5 percent to SEK 3.9 billion, while its EBIT rose 30 percent to SEK 488 million.

Aftermarket revenue represented 64 percent of group revenue in Q2 2026. That mix matters because service and tools can support recurring demand when new equipment orders fluctuate.

Stock remains below its yearly high

Epiroc A stock was 7.8 percent below its 52-week high of SEK 284.30 and 40.5 percent above its 52-week low of SEK 186.60 on September 23, 2026. Market capitalization stood at SEK 316,974,100,791 on the same date.

Berenberg began coverage on August 27, 2026, with a Hold rating and a SEK 290 price target, as reported by MarketScreener. The target is 10.6 percent above the September 23 price, leaving the Q2 margin and order trends as the main operating reference points.