VAT Group AG (CH:VACN)
:VACN
Earnings Data
Report Date
Jul 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.72Last Year’s EPS
3.52Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a distinctly positive operational and strategic outlook: VAT delivered record free cash flow, strong R&D investment and specification wins, improved order momentum into Q4 and clear ramp readiness supported by completed infrastructure projects. These strengths were tempered by near-term headwinds—principally FX volatility, working-capital effects that pressured gross profit, some margin compression versus prior year and uncertainties around timing of spec-win conversion and China/localization trends. On balance, the positive growth signals, cash generation and market leadership outweighed the challenges.Company Guidance
Record Free Cash Flow and Strong Cash Conversion
Free cash flow reached a record CHF 230 million, up 26% year-over-year; FCF as a percentage of sales rose to 22% and cash conversion climbed to 72%.
Solid Order Momentum and Improved Book-to-Bill
Full-year order intake was CHF 1.033 billion (flat vs prior year; +6% on constant currency). Q4 orders accelerated +28% quarter-on-quarter and book-to-bill improved to 1.2; order book grew 18% QoQ.
Sales Growth and Revenue Resilience
Reported sales increased 14% year-over-year (20% on a constant currency basis), with guidance for Q1 2026 of CHF 240–260 million and a promise of book-to-bill substantially above 1.
Strong Profitability and EBITDA
EBITDA reached CHF 273 million. Management emphasized EBITDA resilience and expects margins to be in the upper half of the first half of the communicated 30%–37% corridor as volumes rise and operating leverage kicks in.
Market Leadership in Valves
VAT reports continued dominant market share in valves: 71% in semi and semi-related, 75% in pure semiconductor valves, and >80% in advanced control valves.
R&D and Specification Wins Driving Future Growth
R&D investment reached a record CHF 75 million (+22% YoY). VAT achieved ~150 specification wins (up ~14%) with ~70% in semiconductor-related environments and ~18% in adjacencies, supporting future content expansion.
Adjacencies Momentum
Adjacency revenue grew ~23% YoY and now represents ~9% of group sales, progressing toward a target of 15% to increase share of wallet on tools.
Infrastructure Investments and Ramp Readiness
Completed major infrastructure projects (innovation center in Switzerland, expanded factory in Arad, Romania, and shared services hub in Malaysia). CapEx in 2025 was CHF 68 million (~6% of sales); management states ramp preparedness and a 30% quarter-over-quarter ramp capability are in place.
Dividend Increase
Proposed dividend of CHF 7 per share, an increase of 12% vs 2024, supported by record FCF generation.
CH:VACN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CH:VACN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | CHF537.20 | CHF526.40 | -2.01% |
Jul 23, 2025 | CHF330.20 | CHF298.20 | -9.69% |
Mar 04, 2025 | CHF340.61 | CHF328.18 | -3.65% |
Jul 18, 2024 | CHF489.19 | CHF443.28 | -9.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does VAT Group AG (CH:VACN) report earnings?
VAT Group AG (CH:VACN) is schdueled to report earning on Jul 30, 2026, TBA (Confirmed).
What is VAT Group AG (CH:VACN) earnings time?
VAT Group AG (CH:VACN) earnings time is at Jul 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of VAT Group AG stock?
The P/E ratio of VAT Group AG is N/A.
What is CH:VACN EPS forecast?
CH:VACN EPS forecast for the fiscal quarter 2026 (Q2) is 3.72.