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Vestas Wind (DE:VWSA)
OTHER OTC:VWSA
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
0Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial picture: record revenue, higher EBIT margin, stronger ROCE and EPS, robust order backlogs, improved warranty performance, and strong cash generation and capital returns (dividend and EUR 150m buyback). However, meaningful challenges remain — notably a 16% decline in Service revenue, Service underperformance versus internal targets, Offshore ramp-up costs and associated margin drag, and one-off restructuring charges. Management provided a clear recovery plan for Service and signaled confidence in the Offshore ramp and long-term margins, while updating capital allocation to return more cash. On balance the positive achievements and financial strength outweigh the stated lowlights, but several operational risks persist into 2026.Company Guidance
Record Revenue and Improved Profitability
Full year 2025 revenue of EUR 18.8 billion (up 9% YoY) and gross profit at an all-time high of EUR 2.5 billion. EBIT margin before special items improved to 5.7% (up 1.4 percentage points YoY).
Strong Earnings per Share and ROCE
EPS rose 60% to EUR 0.8 for the year and ROCE improved to 11.8%, reflecting stronger returns from operations and capital deployment.
Record Order Backlogs and Order Intake
Full-year order intake totaled 16.3 GW, powering record-high order backlogs: Power Solutions backlog reached EUR 33.2 billion (up EUR 1.6 billion YoY) and Service backlog increased to EUR 38.7 billion (from EUR 36.8 billion a year ago, despite ~EUR 1.9 billion FX headwind).
Power Solutions Momentum and Stable ASP
Q4 Power Solutions order intake 6.5 GW (including an 828 MW Onshore Brazil order and a 390 MW Offshore Korea project). ASP on new orders was EUR 1.01 million per MW, unchanged from prior quarter, indicating stable pricing.
Strong Cash Generation and Net Cash Position
Operating cash flow of EUR 1.3 billion in Q4 and adjusted free cash flow of EUR 872 million in Q4. Year-end net cash position of EUR 1.2 billion after dividends and share buybacks.
Capital Return and Updated Capital Framework
Proposed dividend and an immediate share buyback of EUR 150 million; updated policy to target net interest-bearing debt/EBITDA between -1x and +1x and to return at least 40% of net profit through dividends and buybacks.
Warranty and Quality Improvements
Full-year warranty costs reduced to 3.2% of revenue (down from 6.4% in 2022), the lowest in five years, and lost production factor (LPF) improved as site repairs completed.
Sustainability and Safety Achievements
Vestas-produced turbines in 2025 are expected to avoid a record ~463 million tonnes of GHG over lifetime; supplied 22,000 tonnes of low-emission steel. Safety: TRIR steady at 2.7, no fatalities and a reduction in frequency of serious injuries.
DE:VWSA 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
DE:VWSA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | €8.60 | €8.15 | -5.23% |
Nov 05, 2025 | €5.75 | €6.50 | +13.04% |
Aug 13, 2025 | €5.05 | €4.90 | -2.97% |
May 06, 2025 | €3.78 | €3.96 | +4.76% |
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 Vestas Wind (DE:VWSA) report earnings?
Vestas Wind (DE:VWSA) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Vestas Wind (DE:VWSA) earnings time?
Vestas Wind (DE:VWSA) earnings time is at May 06, 2026, Before Open (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 Vestas Wind stock?
The P/E ratio of Vestas Wind Systems AS is N/A.
What is DE:VWSA EPS forecast?
DE:VWSA EPS forecast for the fiscal quarter 2026 (Q1) is <0.01.