Atlas Copco stock: Citi reiterates buy rating after Q3 report

Published on 11/11/2026 at 03:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Atlas Copco stock remains on Citi's buy list after the October report. The bank sees 33 percent upside for the shares.

Analyst backs Atlas Copco after report

Citi retained its buy rating on Atlas Copco after the industrial group reported strong third-quarter operating figures.
The company said customer activity should remain at the current level in the near term.
Vacuum equipment and service demand remain important factors for the investment case.

Atlas Copco A, SE0017486889, Illustration mit AI erstellt.

Citi has reiterated its buy rating on Atlas Copco after the Swedish industrial group delivered record orders and revenue in the third quarter. The analyst view, reported by Affärsvärlden on November 10, places 33 percent upside on the shares.

Strong orders support the case

Atlas Copco reported its third-quarter results on October 22. According to the company's official report, orders received rose 29 percent to SEK 52.338 billion, including organic growth of 25 percent. Revenue reached SEK 47.920 billion, up 11 percent organically.

Operating profit increased to SEK 9.950 billion, with a reported margin of 20.8 percent. Adjusted operating profit was SEK 10.195 billion, corresponding to a margin of 21.3 percent. Operating cash flow reached SEK 8.728 billion.

Demand and valuation remain key

Vacuum Technique was the strongest growth engine in the quarter, while the group also reported solid development in industrial assembly, vision solutions, power equipment and services. Atlas Copco said it expects customer activity to remain at the current level in the near term.

The analyst endorsement comes as investors weigh strong semiconductor-related demand against margins, currency movements and the valuation of the industrial technology group. The rating is an analyst assessment, not a guarantee of future share performance.

Global industrial technology group

Atlas Copco develops compressed-air, vacuum, industrial and power solutions, alongside services and products for industrial customers. Its four business areas serve customers through a global organization, with operations in about 70 countries and a presence in 180 markets. The group is headquartered in Nacka, Sweden, and reported 2025 revenue of SEK 168.343 billion.