The call emphasizes very strong commercial momentum, record order intake, robust backlog expansion, double‑digit revenue and EBIT growth, strong cash generation and an upgraded medium‑term growth target. These substantial positives are tempered by execution risks: multi‑year underabsorption on the T‑7 program, supply‑chain/material constraints, ongoing remediation of some unprofitable Surveillance contracts, and the need for continued high CapEx. On balance, the positives (record orders, backlog, margin expansion, cash conversion, and strategic wins) materially outweigh the challenges, though execution and political/timing risks remain.

Company Guidance

Saab upgraded its medium‑term revenue target to a 22% average CAGR for 2023–2027 (implying roughly 20% average growth for 2026–27), and reiterated that it aims to grow EBIT faster than sales and to maintain cash conversion above 60%. Management pointed to a SEK 275bn backlog (3.5x 2025 sales), SEK 169bn order bookings in 2025 (SEK 100bn in Q4), roughly SEK 79bn in 2025 sales (24.1% reported / 25.6% organic), EBIT up 37% to a 9.8% margin, operational cash flow of about SEK 12bn and cash conversion of 68% in 2025 (62% cumulative 2023–25), ROCE 16.5%, net liquidity SEK 4bn with SEK 18.7bn cash & liquid investments and a SEK 6bn undrawn RCF; investments rose to SEK 7.2bn in 2025 and management expects continued high CapEx to fund capacity expansion.

Record Order Intake and Backlog Expansion

Order bookings totaled SEK 169 billion for 2025 with an exceptional Q4 order intake of SEK 100 billion (up from SEK 17 billion in Q4 2024, +~488%). Backlog reached SEK 275 billion, equivalent to ~3.5x 2025 sales, with backlog for 2026 and 2027 increased by 29% and 46% respectively.

Strong Revenue Growth

Revenue (sales) ~SEK 79 billion for 2025, reported growth +24.1% year-over-year and organic growth ~+25% (Anna cited ~25.6% impacted by currency). Management raised medium‑term revenue growth target to an average of 22% for 2023–2027 (implying ~20% average for 2026–2027).

Significant Profitability Improvement

Group EBIT grew +37% for the full year; EBIT margin improved to 9.8% from 8.9% year-over-year. Q4 delivered exceptional results: sales organic growth ~35% and EBIT growth +50% quarter-over-quarter/year-over-year for the quarter.

Strong Cash Generation and Balance Sheet

Operating cash flow approximately SEK 12 billion for the year; cash conversion 68% for 2025 (above midterm target >60%). Net liquidity improved to ~SEK 4 billion; cash and liquid investments SEK 18.7 billion plus SEK 6 billion undrawn RCF. Return on capital employed 16.5%.

Business Area Wins and Backlog Quality

Notable contract wins: Gripen to Colombia (~EUR 3.1 billion), GlobalEye orders (including France), selection by Poland for A26 submarines (pending contract signing). Dynamics backlog ~SEK 90 billion; Kockums and Surveillance recorded strong order and execution momentum.

Operational Capacity Expansion

Ongoing capacity investments: new U.S. and India factories planned (U.S. factory operational late 2026, Indian factory next year cited), Karlskoga expansions and multiple capacity projects to support higher production volumes and backlog delivery. CapEx rose to SEK 7.2 billion in 2025 (from SEK 4.8 billion prior year).

Sustainability and People Progress

Adopted a formal human rights due diligence policy and strengthened responsible sales process. Share of women in management increased to 29%. Emissions reduced 7% year-over-year and cumulative reduction now ~36% toward 2030 SBTI target of 42%. High CDP ranking (top ~4%).

Shareholder Return

Board proposes a 20% increase in dividend to SEK 2.40 per share reflecting strong cash generation and balance sheet strength.

Saab AB (SAABF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SAABF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2026	2026 (Q1)	0.26 / -	0.263	―	―	―
Feb 05, 2026	2025 (Q4)	0.44 / 0.53	0.298	77.82% (+0.23)	―	―
Oct 24, 2025	2025 (Q3)	0.21 / 0.20	0.2	-1.12% (>-0.01)	―	―
Jul 18, 2025	2025 (Q2)	0.27 / 0.32	0.207	52.97% (+0.11)	―	―
Apr 25, 2025	2025 (Q1)	0.27 / 0.26	0.16	64.57% (+0.10)	―	―
Feb 07, 2025	2024 (Q4)	0.32 / 0.30	0.254	17.18% (+0.04)	―	―
Oct 22, 2024	2024 (Q3)	0.18 / 0.20	0.136	47.93% (+0.06)	―	―
Jul 19, 2024	2024 (Q2)	0.20 / 0.21	0.161	28.47% (+0.05)	―	―
Apr 26, 2024	2024 (Q1)	0.16 / 0.16	0.153	4.85% (<+0.01)	―	―
Feb 09, 2024	2023 (Q4)	0.24 / 0.25	0.233	9.13% (+0.02)	―	―

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

SAABF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2026	$72.25	$70.50	-2.42%
Oct 24, 2025	$53.07	$56.00	+5.52%
Jul 18, 2025	$49.54	$57.00	+15.06%
Apr 25, 2025	$43.76	$43.93	+0.39%

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 Saab AB (SAABF) report earnings?

Saab AB (SAABF) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).

What is Saab AB (SAABF) earnings time?

Saab AB (SAABF) earnings time is at Apr 23, 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 SAABF EPS forecast?

SAABF EPS forecast for the fiscal quarter 2026 (Q1) is 0.26.