OC Oerlikon (OERL) Q1 2026 earnings summary

Executive summary

• Orders rose 18% year-over-year at constant FX, driven by strong demand in materials, especially for aviation and general industries.

• Sales increased 5% year-over-year at constant FX, with higher prices and volumes supporting growth.

• APAC region performed strongly, Americas showed positive momentum, and Europe stabilized.

• Full-year 2026 financial guidance reaffirmed following a positive Q1 and solid order backlog.

Financial highlights

• Q1 2026 order intake reached CHF 455 million, up 18% organically year-over-year.

• Q1 2026 sales were CHF 378 million, up 5% organically year-over-year.

• Performance was supported by higher raw material prices and increased volumes in critical materials.

Outlook and guidance

• Full-year 2026 guidance confirmed, based on strong Q1 performance and current order backlog.